SALT LAKE CITY, Aug. 28, 2014 /PRNewswire/ -- MultiLing, the innovative leader in intellectual property (IP) translations and related services, is one of Utah's fastest growing companies, as identified by Utah Business magazine. The 26-year old company more than doubled its revenue over the past five years – the period evaluated for the magazine's annual Fast 50 list – placing it as one of the 50 fastest growing businesses in Utah.
MultiLing was honored today at an awards event and will be highlighted in the September 2014 issue of Utah Business magazine. The recognition gains significance when considering that Utah ranks as the top state for business for the third year in a row by the Pollina Corporate study for 2014, a joint endeavor with the American Economic Development Institute. The study examines 32 factors and has become recognized as the "Gold Standard" for evaluating states. Additionally, Utah was ranked No. 1 on the Forbes' List of The Best States for Business three years in a row.
"MultiLing's impressive growth mainly is attributable to three areas: a strong focus on the IP market; the increased demand for IP translations from Global 500 enterprises in the United States, Europe and Asia; and a strong executive team working together to make the right decisions for the company," said Lyle Ball, chief operating officer, MultiLing. "While we have clients and employees throughout the world, we are pleased to be recognized here among our peers in Utah, where we've been headquartered for more than 25 years."
By pioneering best practices in IP and patent translation services, MultiLing helps enterprises reduce the total cost of patent ownership with faster time to grant and foreign patents that are better able to withstand prosecution. MultiLing's streamlined translation process, as well as technologies such as terminology management and translation memory, helps clients optimize timelines and costs for their most important assets. The company attracts pharmaceutical, life sciences, technology and IP law firm clients that typically have lengthy patents to file in several jurisdictions.
NOTE: MultiLing is participating in the upcoming Intellectual Property Organization (IPO) Association's 42nd Annual Meeting, Sept. 7-9 in Vancouver, and welcomes guests to booth 301.
About the Utah Business Fast 50
Each year, Utah Business magazine highlights 50 of the fastest growing companies in Utah for its Fast 50 award. Companies are acclaimed for their entrepreneurial spirit, innovative business tactics and impressive revenue growth.
Founded in 1988, MultiLing is the innovative leader in IP translation and related services for foreign patent filings by Global 500 legal teams. The company defined, and continues to drive, foreign patent filing best practices, which include in-country native linguists, scientists, engineers and legal specialists who interact through processes and technologies that increase quality, consistency and on-time delivery. Clients include Procter & Gamble, Yokohama Rubber and Dow Corning. More information is available at http://www.multiling.com.