WALTHAM, Mass., July 15, 2015 /PRNewswire/ -- Lionbridge
Technologies, Inc. (NASDAQ: LIOX) has once again been named
the world's largest language service company by Common Sense
Advisory (CSA), an independent market research firm.
This is the fourth consecutive year that Lionbridge has topped
CSA's list of global language providers. In their annual report,
The Language Services Market 2015, CSA surveyed 860 providers to
rank the top 100 providers in the global language services market
based on size, revenue and service mix to identify the top
performing language services companies around the world.
"Lionbridge's ranking as the industry leader in language
services is a credit to our global teams who drive unparalleled
value for our global clients," said Rory
Cowan, CEO, Lionbridge. "As the market for digital content
and communications continues to expand, we look forward to
delivering innovative solutions that combine global scale
technology, proven program management expertise and in-country
knowledge for some of the world's most demanding global
brands."
The CSA report noted that the market for outsourced language
services has surpassed $38 billion
and is expected to grow at a rate of 6 percent in the coming year.
According to the report, as language is not a core competency for
most organizations, commercial enterprises across industries must
outsource language translation to be able to effectively
communicate with their constituents.
Lionbridge, the largest provider on the list, leads the language
services industry in market share due to its revenue, ongoing
growth and broad portfolio of professional translation and
marketing services.
In The Language Services Market 2015, CSA also reviewed the
biggest service providers over the past eleven years and named
Lionbridge a "perennial list-topper," as the Company has occupied
slots in the top 10 since CSA began their study, eleven years
ago.
CSA's The Language Services Market: 2015 report can be found
here: http://bit.ly/1KKIgSz. For more information on Lionbridge's
language services, please visit: http://www.lionbridge.com/
About Lionbridge
Lionbridge enables more than
800 world-leading brands to increase international market share,
speed adoption of products and effectively engage their customers
in local markets worldwide. Using our innovative cloud technology
platforms and our global crowd of more than 100,000 professional
cloud workers, we provide translation, online marketing, global
content management and application testing solutions that ensure
global brand consistency, local relevancy and technical usability
across all touch points of the customer lifecycle. Based in
Waltham, Mass., Lionbridge
maintains solution centers in 28 countries. To learn more, visit
http://www.lionbridge.com.
Media Contact
Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com
978-964-1404
Samantha Bell
Matter Communications
Lionbridge@matternow.com
617-391-9895
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/lionbridge-tops-list-of-worlds-100-largest-language-service-providers-for-fourth-consecutive-year-300113734.html
SOURCE Lionbridge Technologies