Welocalize, Growing Quickly, Announces Revenues For First Time

Globalization services vendor Welocalize has publicly announced, for the first time, its revenues. For years the company has blasted out glowing press releases about record quarters of growth with little in the way of details. I’m glad to see the company opening up. And the revenue figures are clearly something to be proud of…

For the first six months of 2005, the company says it generated $10.2 million, a 27% increase over the same period in 2004. The company also says that it is cash flow positive.

So if we assume that Welocalize finishes 2005 as strongly as it began, it will come in at around $20 million, getting it into our top 10 list of Web globalization/translation vendors. (This list is a regular feature of Global By Design.

Now I wonder if this announcement will spur competitors to follow suit. Companies like Logos, Merrill Brink, Simultrans, and others have hardly been eager to tell the world how they are doing financially. But with consolidation at the top of the market, there is lots of VC money floating around and these mid-tier vendors may soon realize that a little bit of transparency will also get them a little more publicity. We shall see…