(Houston, Texas) July 15, 2014 – Houston-based MasterWord Services, Inc. announced today its official ranking as one of the world’s largest Language Service Providers (LSPs) in the translation and interpreting industry. The report titled “The Language Services Market: 2014”, having analyzed the $37.19 billion global market for outsourced language services and technology, ranked MasterWord Services in the top 50 LSPs in the World. In the same report, MasterWord Services was also named in the top 15 language companies in North America.
Common Sense Advisory, which has published market size analysis and global rankings for the past nine years, found that the demand for language services continues, and is growing at an annual rate of 6.23%. As part of the study, the firm surveyed Language Service Providers to collect actual reported revenue for 2012, 2013, and expected revenue for 2014.
MasterWord Services is a leading provider of industry-specific language solutions including translation, interpretation, language proficiency and interpreter skills assessments, language access compliance consulting, and cross cultural training, and has the prestigious ISO 9001:2008 certification. This is the second consecutive year MasterWord has been recognized by Common Sense Advisory.
“We are honored to be recognized among the top 15 largest Language Service Providers in North America as well as among the top 50 in the World,” said President, CEO, and Founder of MasterWord Services, Mila Golovine. “Our mission is to connect people across language and culture, and this recognition is an inspiration for our team to continue to provide industry-leading customer experience and innovative language access solutions.”
The list of the 100 largest Language Service Providers based on revenue for 2014 is available in the report titled, “The Language Services Market: 2014”.
About MasterWord Services, Inc.
MasterWord Services, Inc., founded in Houston, TX in 1993, is currently providing language access solutions in more than 250 languages representing more than 50 countries. The company serves energy, engineering, healthcare, government, insurance and social services organizations around the world, including Fortune 500 companies, and has achieved the prestigious 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 a Top Workplace in Houston Chronicle rankings, one of the “Top 100 Women Owned Businesses” in Texas, and one of the “Top 500 Women-Owned Businesses” in the United States by DiversityBusiness.com. This is the second year MasterWord has been recognized as a top LSP by Common Sense Advisory which happens to coincide with MasterWord’s 21st anniversary.
MasterWord’s President and CEO, Golovine is recognized internationally for her innovative management processes and ground-breaking client solutions. She founded and has led MasterWord for over two decades as a professional translator, interpreter, and business leader who understands the complexities of the global marketplace and excels at introducing and developing innovative solutions based on creative thinking and strategic planning. She is also featured as a most prominent alumni on the Bloomberg BusinessWeek profile of the University of Houston C. T. Bauer College of Business.
About Common Sense Advisory
Common Sense Advisory is an independent market research firm specializing in translation, localization, interpreting, globalization, and internationalization analysis and consulting.
Learn more at www.commonsenseadvisory.com or @CSA_Research on twitter.com