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Common Sense Advisory Blogs
28 Language-Related Companies Made the Inc. 5000 List of Fastest-Growing Firms in the United States
Posted by Hélène Pielmeier on October 21, 2014  in the following blogs: Business Globalization, Best Practices, Interpreting, Translation and Localization, Market Data
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Inc. magazine publishes an annual list of the fastest-growing private companies in the United States. This year’s list includes 28 companies dealing with language, from a technology, learning, or language services providers (LSPs) standpoint. All of these compares are growing at a significantly faster rate than the industry-wide average market growth rate we last reported of 6.23%.

The following table includes their Inc. 5000 rank, the company name, its three-year growth rate, and revenue for the last year. We marked the four first-timers on the list with an asterisk.

Inc. Rank

Language Company

3-Year Growth Rate

Revenue in US$ Millions

692

Keylingo Translations*

656%

$3.5

783

InDemand Interpreting

581%

$6.4

918

Premier Management*

490%

$19.2

939

Media Vision USA

480%

$10.0

1,186

Stroll

370%

$77.7

1,285

CWU

337%

$21.5

1,895

Valbin Corporation

217%

$15.0

1,915

Abacus N Bytes

213%

$4.9

1,995

Mid Atlantic Professionals TA/SSI

204%

$15.8

2,361

Interpreters Unlimited*

164%

$13.6

2,398

Propio Language Services

161%

$2.7

2,673

Kinetic

141%

$3.6

2,740

Bridge360

136%

$6.0

2,920

Addison Search

124%

$166.3

3,106

Mango Languages

114%

$8.1

3,454

Welocalize

96%

$118.3

3,463

CQ Fluency*

96%

$4.7

3,502

Language Training Center

94%

$4.2

3,676

Certified Languages International

87%

$18.4

3,696

U.S. Translation Company

86%

$4.1

3,827

Stratus Video Interpreting

81%

$56.4

4,260

CETRA Language Solutions

66%

$6.3

4,268

MotionPoint

66%

$36.8

4,282

CyraCom

65%

$61.8

4,442

TransPerfect

60%

$401.6

4,493

SignTalk

58%

$6.5

4,770

ProTranslating

50%

$20.0

4,934

Dynamic Language Center

44%

$9.8



When reviewing patterns in fast-growing companies, it is very striking this year to see that:
  • Eight of the Inc. 5000 are interpretation-centric companies: Certified Languages International (#48 on Common Sense Advisory’s list of the 100 largest LSPs), Cyracom (CSA #18), InDemand Interpreting, Interpreters Unlimited (CSA #60), Propio Language Services, MediaVision, SignTalk, and Stratus Video Interpreting. This corroborates our findings in terms of fast growth of the interpreting sector.
  • Four are government providers: Abacus N Bytes, CWU, Mid Atlantic Professionals, and Valbin Corporation. While large military contractors disappeared from our list of largest LSPs a couple of years ago, the sector is making a comeback.
  • Two are language learning companies: Mango Languages and Stroll. Language instruction is undergoing major shifts in style and delivery in learning options, which will result over time in even further presence from this group of companies.
Because Inc. magazine’s ranking methodology focuses on rapid increases in revenue, smaller companies with strong growth over zero naturally score higher than more established firms. Thus, Keylingo’s (CSA #39) 656% jump over the three-year rating period trumps the impressive growth of TransPerfect’s (CSA #3) and Welocalize’s (CSA #9) much larger revenues base over that same period. For reference, only 3.1% of the total pool of Inc. 5,000 companies bring in revenues of US$250 million or more, making TransPerfect part of an elite club with its $401 million revenue in 2013.

For most LSPs, an appearance on the Inc. 5000 is an occasional event. However, six companies have sustained fast growth over long periods of time – CyraCom, Dynamic Language (CSA #75), MotionPoint, Stroll, TransPerfect, and Welocalize have been present on the lists every year since 2008.

When comparing the Inc. 5000 results to Common Sense’s Advisory most recent list of fastest-growing companies, there are some differences with notable successes missing on both lists. Both Inc.’s and our rankings are voluntary, meaning that there may be faster-growing or bigger LSPs out there – all they need do to be considered is make themselves known to Inc. and Common Sense Advisory and participate in the respective application processes. Inc. 5000, which has historically been U.S.-centric, is inaugurating its first list for Europe. Common Sense Advisory’s focuses on global rankings and our annual global market survey will start in January.

 

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The Language Services Market: 2014
The Top 100 Language Service Providers: 2014
The Fastest-Growing LSPs: 2014
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