Thursday, August 30, 2012

Lingotek Claims Sigifinicant Growth, Revenue Gains

Lehi, Utah-based Lingotek, the provider of a cloud-based, collaborative translation software for managing language translation, said Wednesday that it has doubled its revenues in the last year, and is seeing "significant growth". The company, which is venture backed by Signal Peak Ventures, In-Q-Tel, and Flywheel Ventures, did not disclose any numbers or actual financials around the revenue growth. The company said the first two quarters of the year doubled revenues year-to-year. Lingotek said that adding customers such as Alfresco, AtTask, Hitachi Data Systems, and Mozy has helped the firm with its growth.