Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a
trailblazing globalization company focused on delivering industry-leading
translation and localization, digital marketing, global content management and
application testing services to more than 800 of the world’s top brands –
including Microsoft (NASDAQ: MSFT), Deutsche Bank (NYSE: DB) and Canon (NYSE:
CAJ). The company partners with businesses across a multitude of industries in
order to reduce the complexities of multilingual content management, boost
production efficiencies and effectively engage diverse audiences while
simultaneously accelerating global growth.
In July, Lionbridge was named the world’s largest language
services company by Common Sense Advisory (CSA), an independent market research
firm, for the fourth consecutive year. According to CSA’s report, the market
for outsourced language services recently surpassed $38 billion, and sustained
growth is expected at a rate of six percent in the coming year. Because
language is not a core competency for most organizations, commercial enterprises
across a host of industries must outsource language translation in order to
effectively communicate with constituents, providing an opportunity for
Lionbridge to promote strong financial growth in the years to come.
In the third quarter of 2015, Lionbridge effectively
capitalized on current market conditions in order to realize a 15 percent
year-over-year increase in total revenues. Among this growth, the company
secured several significant new customer engagements, including a Taiwanese
manufacturer of smartphones, a large U.S. retailers and a British luxury
automobile manufacturer. The diversity of these new customer engagements
illustrates the immense market potential of Lionbridge’s translation and
content management solutions as globalization continues to take hold in
emerging markets around the planet.
The company set the stage for future growth earlier this
month when it announced the acquisition of Geotext Translations, Inc., a
privately-held provider of legal translation services. Following this
acquisition, Lionbridge is in a strong position to address the growing demand
for integrated, high-quality legal translation solutions while gaining access
to Geotext’s long-standing relationships with clients in the legal industry.
According to a report by IBISWorld, demand for translations
services is on the rise as a result of nonnative English speakers coming to the
U.S. and domestic businesses taking products overseas. Currently, the four
largest players in the industry, of which Lionbridge is one, have a combined
market share of less than 20 percent, further demonstrating the company’s
favorable prospects for future growth. Look for Lionbridge to continue building
on its expansive customer base while benefitting from its newly-added
capabilities following the Geotext acquisition in the months to come.
For more information, visit www.lionbridge.com
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