Today: July 24, 2017, 8:56 am
  
Business

United Language Group Ranked Among the Largest 25 Language Services Providers in the World

PR-Inside.com: 2017-07-14 20:33:01

 

Independent market research firm Common Sense Advisory recognizes United Language Group as a leader in $43.08 billion global translation, localization, and interpreting services industry

Minneapolis, MN, USA, July 14, 2017 (GLOBE NEWSWIRE) --

United Language Group (ULG) announced today its official ranking as one of the largest language services providers (LSPs) in the global translation, localization, and interpreting industry. Issued July 2017 by independent market research firm Common Sense Advisory (CSA Research), the report titled "The Language Services Market: 2017" ranked ULG as a top-grossing LSP in the US$43.08 billion global market for outsourced language services and technology. ULG was named as the 19th largest LSP in the world and the 7th largest in North America.

As part of the study, the firm surveyed providers from every continent to collect actual reported revenue for 2015, 2016, and expected revenue for 2017. CSA Research, which has published market size estimates and global rankings for the past 13 years, found that the demand for language services and supporting technologies continues and is growing at an annual rate of 6.97%, representing an increase over last year's rate of 5.52%.

United Language Group is a translation, interpreting and localization provider with offices in seven countries and on three continents. ULG was officially formed in June of 2016 after acquiring KJ International Resources and Merrill Brink International, two LSPs with a combined 40 years of experience in the language landscape. Since that time, ULG has acquired and integrated Los Angeles-based Language Select, an interpreting provider, as well as Lucy Software and Services, a niche SAP localization and machine translation provider based in Europe.

Comments the President of United Language Group, Kristen Giovanis, "This is a major achievement for United Language Group, and we're proud to be recognized by CSA Research. The past year has been a time of amazing progress and excitement at ULG, and we look forward to continuing to provide state-of-the-art language solutions for all of our clients."

As organizations both large and small make their products and services available in more languages, the firm predicts that the language services industry will continue to grow and that the market will increase to US$47.46 billion by 2021. Factors driving this demand include mobile, wearables, and the internet of things (IOT); on-demand offerings to support live chat, texts, tweets, and other short-shelf content bits; and legislation requiring access to language services.

"The sheer number of countries, people, and languages - many of them in markets experiencing tremendous economic growth - assures that demand for language services will only increase over time. As our research conclusively demonstrates, people are much more likely to purchase products in their own language. In addition, localization reduces customer care costs and increases brand loyalty," explains Don DePalma, CSA Research's founder and Chief Strategy Officer.

About United Language Group

United Language Group (ULG) is an innovative translation, interpreting and localization solutions provider founded on quality processes and language expertise. ULG provides unique technology framework and high-quality language solutions to give an exceptional experience to every customer, every time.

About Common Sense Advisory

Common Sense Advisory is an independent market research company specializing in translation, localization, interpreting, globalization, and internationalization analysis and consulting. www.commonsenseadvisory.com / @CSA_Research

CSA Research Contact:

media@commonsenseadvisory.com

 

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/753c55cb-266d-4d18-b9bd-ba9b78adb50c

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c8bd7659-0524-4574-a2c3-3400ea6b91b3

Andrea Dahl
United Language Group
+1 612.400.6570
andrea.dahl@ulgroup.com
 
 



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: United Language Group via Globenewswire




# 942 Words
Related Articles
More From The Author
A.M. Best Affirms Credit Ratings of Sompo [..]
A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) [..]
A.M. Best Affirms Credit Ratings of Sompo [..]
A.M. Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of “aa-”, and [..]
IIROC Extends Contract with Nasdaq SMARTS, Bolsters [..]
TORONTO and NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) -- The Investment Industry Regulatory Organization of Canada (IIROC) and Nasdaq, [..]
A.M. Best Affirms Credit Ratings of Dongbu [..]
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of [..]
A.M. Best Places Credit Ratings of Century [..]
A.M. Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer [..]
 
More From Business
Sendrakhi.com offers a Wonderful Platform to Send [..]
New Delhi, Thursday, July, 24, 2017: Raksha Bandhan is a festival that holds a special place in the heart of [..]
Patioland Promotes Cost Effective Awnings for Homes
Patioland, Australia’s experts in custom awnings, pergolas and carports, is promoting beautiful and durable home awnings this [..]
My Cubby – Encouraging Play Experiences to [..]
Experts have emphasised the importance of play in the lives of children. My Cubby, Australia’s cubby house experts, provides plenty [..]
Healing House Announces Winter Specials with Deep [..]
Healing House, the premium wellness destination for Thai Massage and Day Spa, has announced their Winter Special for 2017. Thai [..]
Firemane Present Verifone’s New Engage Range
Firemane are the global suppliers of credit card machines, and have equipment from all of the established POS brands, as [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.