CyraCom Ranked among the World’s Largest Language Service Providers
CyraCom has been ranked as North America’s 6th largest language services provider (LSP) in the translation and interpreting industry. Released June 2014 by the market research firm Common Sense Advisory, the report titled “The Language Services Market: 2014,” also ranked CyraCom as the 18th largest LSP in the world, moving up two spots from 2013.
In 2013, Common Sense Advisory also provided rankings for the LSPs that provide interpretation services – a subset of the language service industry. CyraCom ranked as the 2nd largest provider of interpretation services in the world.
As part of the study, Common Sense Advisory surveyed more than 800 language service providers to collect actual reported revenue for 2012, 2013, and expected revenue for 2014. The firm, 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%.
In 2014, CyraCom received a Stevie Award (American Business Award) for Fastest-Growing Private Company.
CyraCom provides Over-the-Phone and Video Remote Interpretation through US employees in US contact centers. CyraCom also offers Document Translation, On-Site Interpretation, and Interpreter Assessment and Training services.
The full list of the largest 100 LSPs is available at http://www.commonsenseadvisory.com/AbstractView.aspx?ArticleID=21531
About CyraCom International, Inc.
CyraCom provides over 200 languages and has more than 3,000 clients, including some of the largest healthcare, insurance, and financial services companies in the US. CyraCom received Inc. Hire Power Awards in 2012 and 2013 for its job creation and has been included in the Inc. 5000 list of fastest-growing companies seven times. CyraCom is exclusively endorsed by the American Hospital Association for its interpretation and translation solutions.
About Common Sense Advisory
As described at www.commonsenseadvisory.com, Common Sense Advisory is an independent Massachusetts-based market research company that helps companies profitably grow their international businesses and gain access to new markets and new customers. The company focuses on assisting clients to operationalize, benchmark, optimize, and innovate industry best practices in translation, localization, interpreting, globalization, and internationalization.
