EQHO Communications announced today its official ranking as one of the largest language services providers (LSPs) in the translation and interpreting industry. Issued by independent market research firm, Common Sense Advisory, the report titled "The Language Services Market: 2014" ranked EQHO Communications as a top-grossing language service provider in the US$37.19 billion global market for outsourced language services and technology. Advancing seven places on the previous year's position, the company was named as the 16th highest grossing localization vendor in all of Asia; evidence of the firm's continued success.
CSA Research, which has published market-size estimates 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 per cent. As part of the study, the firm surveyed language service providers to collect actual reported revenue for 2012, 2013 and expected revenue for 2014.
EQHO Communications, which recently unveiled a revamped website featuring a new resource center, has translated over 200 million words since its inception and recorded growth in excess of 17 percent in 2013. It translated 36 million words in 2013, up from 24 million words 12 months previously, and catered for 56 different languages. Voiceover and multimedia localization continue to be popular services for EQHO, as the company handled projects in 46 languages during 2013.
Phanitanan Sanitprachakorn, EQHO's President, commented: "We are honored once again, not just to be featured in the list, but to advance so many places. The entire team’s hard work and attention to providing high-quality language services are continuing to pay dividends. I am extremely proud of all of the staff at the company."
This success can be partly attributed to EQHO’s recent ISO 9001:2008 certification by TÜV Rheinland, which means sophisticated workflow processes are in place leading to greater customer satisfaction.
It has also been an exciting year for the EQHO workforce with the appointment of VPs of Sales (Richard O'Keefe), Marketing (Steven Bussey) Operations (Cillia Bettus), and Customer Services (John King). In 2013, a new office has been opened in Laos in order to support company operations and to service the Laos market, and this is being headed up by Shane Thompson.
Also during the year, EQHO successfully sponsored Localization World Singapore, while also providing assistance and support for setting up and sponsoring Localization World Bangkok. Richard O'Keeffe spoke at the latter on the topic of 'East and West, Overcoming the Stereotype'.
Steven Bussey, EQHO’s VP of Global Marketing, commented: "We are doing everything we can to raise awareness for Asian localization, Thailand as a localization hub and Localization World gave us a great opportunity to help with that. This top LSP’s achievement adds even more weight to our mission."
With so much international focus on ASEAN and the development of the Asian Economic Community (AEC), EQHO is also well placed to play a key role. The key goal of regional economic integration through the AEC is expected to be achieved by 2015. The company has also set itself the ambitious target of a place in the global top 100 LSPs by 2015.
About EQHO Communications
EQHO Communications – one of Southeast Asia’s largest independent localization firms – has over 80 in-house staff. Building on a well-educated labor base in Thailand, EQHO has created an internationally recognized localization firm working in all major commercial languages, including rarer Southeast Asian language services, as well as Chinese, Japanese and Korean. EQHO operates from a 1000-square-meter office in central Bangkok. With in-house linguists, multilingual DTP operators, localization & multimedia engineers, and on-site recording studios, EQHO offers an unrivalled level of service and rapid turnaround. EQHO has facilities in Vientiane, Lao PDR, in addition to a sales offices in Brno, Czech Republic.
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 / @CSA_Research
VP Global Marketing EQHO Communications
Tel.+66(0) 2637 8060 (ext. 184)
Fax.+66(0) 2637 8422