(Houston, TX) June 7, 2013 – Houston-based MasterWord Services, Inc.(MasterWord), a privately held global language solutions company, announced its official ranking as one of the world’s largest 100 language services providers (LSPs) in the translation and interpreting industry with 110 employees and three offices. Released May 31, 2013 by the market research firm, Common Sense Advisory, the report titled “The Language Services Market: 2013,” ranked MasterWord as the 50th top-grossing language service provider among more than 27,600 vendors around the world and the 10th largest language services provider in North America.
“What a tremendous honor to be recognized and ranked in the top 10 language services providers in North America and in the Top 50 worldwide. It’s a great milestone for us to achieve in our company’s 20th anniversary year,” said MasterWord’s Founder and CEO Ludmila Rusakova Golovine. “This significant ranking is a testament to our hard work, innovation and customer-focus.”
2013 marks the first year MasterWord has been recognized by Common Sense Advisory as a top LSP.
Common Sense Advisory surveyed more than 1,000 language service providers to collect actual reported revenue for 2011, 2012, and expected revenue for 2013. The firm, which has published market size estimates and global rankings for the past eight years, found that the demand for language services continues, and is growing at an annual rate of 5.13 percent. According to the report, global trade, international business, and content growth are three critical drivers for the language services industry.
MasterWord is a leading provider of industry-specific language solutions supporting clients in more than 250 languages on 4 continents. The company serves Fortune 500 energy, engineering, healthcare, insurance and social services companies around the world and has achieved the highest standard for business processes, the prized ISO 9001:2008 certification, as designated by the Geneva, Switzerland-based International Organization for Standardization (ISO), a rare achievement in the language services industry. MasterWord is also recognized as one of the “Top 100 Women Owned Businesses” in Texas as well as one of the “Top 500 Women-Owned Businesses” in the United States by DiversityBusiness.com. This is the first year it has been recognized as a top LSP by Common Sense Advisory which happens to coincide with the 20th anniversary of MasterWord’s founding in 1993. MasterWord’s mission is to enable people and businesses throughout the world to communicate seamlessly across language and culture, to build their success, and realize their goals.
Golovine is recognized internationally for her innovative management processes and industry-leading client solutions. She founded and has led MasterWord for two decades as a professional translator, interpreter, and business leader who understands the complexities of the global marketplace and excels at providing solutions based on creative thinking and strategic planning.
The full list of the largest 100 LSPs is available at http://www.commonsenseadvisory.com/AbstractView.aspx?ArticleID=5505.
About MasterWord Services, Inc.
MasterWord Services, Inc. is a leading provider of industry-specific language solutions with its headquarters located in Houston, Texas. The company has been recognized as one of the “Top 100 Women Owned Businesses” in Texas as well as one of the “Top 500 Women Owned Businesses” in the United States. MasterWord works with 300 organizations, in over 250 languages and across 4 different continents and is proud to be ISO 9001:2008 Certified. MasterWord’s clients include some of the world’s leading businesses, government entities and non-profits across the globe. The company delivers a broad spectrum of solutions in all languages and offers one of the industry’s quickest response times with 24 hour a day, 7 day per week availability.
MasterWord Services, Inc.’s Mission
MasterWord’s mission is to enable people and businesses throughout the world to communicate seamlessly across language and culture, to build their success, and realize their goals.
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.