Lingotek Continues Strong Growth

LEHI, UT--(Marketwire - Jan 17, 2012) - Lingotek, the Translation Network and leader in collaborative translation solutions, today announced a notable company expansion that includes the opening of two new offices in North America and the hiring of three director-level team members. These developments further position Lingotek for strong growth within the $30 billion translation industry¹.

"Companies recognize that accessing new markets around the world is key to remaining competitive in today's challenging economy," said Rob Vandenberg, president and CEO of Lingotek. "To successfully penetrate unchartered markets, businesses are becoming increasingly aware of the inherent value in high-quality translation and localization. Lingotek is excited to provide a unique collaborative translation management solution that is in sync with meeting the demands of an ever-changing and burgeoning global marketplace."

By giving enterprises and government customers new ways to engage their global communities through trusted and rapid translations, Lingotek is providing businesses with the opportunity to expand and grow quickly and cost-effectively. High demand for Lingotek's collaborative translation technology, combined with the annual 14 percent growth of the translation industry itself, has compelled Lingotek to prepare for continued growth through expansion of its offices and staff².

To build on Lingotek's existing presence within the federal government space, Lingotek has opened a new office in Washington, D.C. At this office, Beltway veteran Joseph Wood, one of three recently hired directors, will serve as director of engineering. Adam Wooten, a translation and interpretation industry expert and Brigham Young University adjunct professor, has also been added to the growing Lingotek roster, and is now serving as Lingotek's director of translation services. Additionally, Larry Furr has been appointed to the position of director of product management, joining Wooten at Lingotek's new Lehi, Utah headquarters.

Lingotek has also moved into a new headquarters facility located in Utah's Silicon Slopes. In addition to accommodating Lingotek's increasing headcount, the move to Lehi, Utah places Lingotek at the heart of a growing technology neighborhood with notable technology giants Microsoft and Adobe as neighbors.

"Our expanded staff and new headquarters are integral components to Lingotek's growth strategy going forward," said Vandenberg. "Lingotek is poised to go the distance in the evolving global translation industry."

ABOUT LINGOTEK
Lingotek | The Translation Network gives enterprise business customers new ways to engage their global communities by providing trusted, rapid translations to expand and grow business in a cost effective way. Its exclusive web-based Collaborative Translation Platform™ represents the next step in the evolution of translation through technology and community involvement. Today, global organizations, intelligence agencies and government entities use the platform, saving time and resources on projects ranging from a few pages to several volumes. Lingotek also offers professional translation services for companies. The company is based in Draper, Utah and is funded by Signal Peak Ventures, In-Q-Tel, and Flywheel Ventures. For more information, visit http://www.lingotek.com.

¹ "The Language Services Market: An Annual Review of the Translation, Localization, and Interpreting Services Industry," by Nataly Kelly and Robert G. Stewart. Common Sense Advisory, May 2011.

² "Localization Matters: Why Adapting Products and Websites to Local Market Needs Means Good Business," by Donald A. DePalma, Nicole Kustanovitz, Benjamin B. Sargent, and Nataly Kelly. Common Sense Advisory, November 2008.