H5 and Linguistic Systems have entered into a strategic alliance to offer businesses an integrated solution for foreign language data services in the context of litigation, compliance, and enterprise information governance. H5 specializes in information retrieval products and services, making them an excellent match for taking on such an endeavor with Linguistic Systems, a leading provider of language translation services.
The move comes as the boom in global trade has led to a greater need for translation services, with a projected 26 percent increase in translation industry by 2014, according to federal statistics. The two companies aren’t the only ones establishing themselves in the translation market, Google being just one example. H5 and Linguistic Systems plan to enable companies to streamline the translation processing, review, and analysis of large documents in foreign languages, which will save companies on costs and increase the accuracy of translations.
See : Venture Loop
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