Welcome to International Women’s Day 2022, a day to celebrate women's achievements and increase visibility of women’s issues! This year, Nimdzi wants to celebrate the women-owned companies in our industry, with the help of some data from the recently published Nimdzi 100.
|Rank||Company||Country||2021 Revenue (USD million)||Note|
|40||Certified Languages International||United States||55.1||v|
|47||Argos Multilingual||United States||43.5||v|
|51||CQ fluency||United States||38.4||v|
|52||CSOFT International||United States + China||38.0||v|
|55||Alpha CRC||United Kingdom||37.0||v|
|60||Valbin Corporation||United States||32.6||e|
|61||Traductions Serge Bélair (TRSB)||Canada||32.1||v|
|64||MasterWord Services||United States||30.4||v|
|86||DA Languages||United Kingdom||18.7||v|
|98||Hansem Global||South Korea||13.5||v|
|99||itl Institut für technische Literatur||Germany||13.0||v|
First, the bad news. This number has actually fallen slightly from 20% in 2021, and only a few women-run companies made it to the top 50 in our ranking this year, with just one top-20 ranked company being led by a female. Furthermore, women-led companies represent just 6.1% of the total revenue generated by Nimdzi’s top 100 LSPs.
It’s not all bad though! Based on these figures, our industry still outperforms many others — just 8.2% of all Fortune 500 companies were women-owned in 2021. There are also several exciting announcements coming soon, which will see more women take on leadership positions in a number of companies, even if not directly in the CEO seat.
There is still progress to be made, but it’s important to congratulate our female CEOs on their achievements and recognize those in the industry who are already pushing forward, paving the way for others. As Supertext’s CEO, Kristy Sakai, says: “Highlighting women in leadership is important for visibility and encouragement. We need to shape company culture and structure to inspire all women with ideas and skills to come forward and take on leadership roles.”
Nimdzi would like to especially mention the achievements of Translation Bureau’s Lucie Séguin. For the second year running, Lucie is the only female CEO of a Nimdzi top 20-ranked company, and the only woman to lead an LSP with revenues above USD 150 million. Here is what Lucie shared with us, "There is something that is both challenging and exciting about being part of the language sector in this day and age. With a worldwide audience a mere click away, it has never been easier to communicate… yet being heard has never been more difficult! It is an endeavour that requires skill and thoughtfulness, and I believe that women have had and will continue to have a very special impact in showing the way forward as leaders for continued awareness of—and respect for—the diversity of our audience and the need for tailored messaging.
Of course, representation in leadership roles is just one way of measuring the success of women in business. There are other valuable measures such as wage equality or gender stereotypes that unfortunately fall outside the limits of our research this year. We hope to be able to offer an even more holistic picture of the industry next year. With any luck, we will also be reporting on even more female-led companies in 2023! Only time will tell.
The Nimdzi 100 is one of our flagship publications. It includes a ranking of the top 100 LSPs by revenue, a watchlist of large players that don’t disclose their revenues, and a detailed overview of the size and state of the language services industry. The Nimdzi 100 is widely considered an industry standard and is read by tens of thousands of people in the translation and localization space and beyond. LSPs, localization buyers, investors, savvy job seekers, and analysts will benefit from this free resource.
The language services industry once again proved to be impervious to crises and continued to grow in 2021. It now also has its first billion dollar company. Long-time industry leader TransPerfect just revealed that the company reached USD 1.1 billion in revenue in 2021.
The language industry is rapidly evolving and you don’t want to miss out on the latest developments. Nimdzi has created a list of more than 60 influencers in the Localization industry based on a variety of criteria and active engagement on social media. The candidates included in the ranking are all professionals with proven experience in translation, localization, and globalization.
We’ve already seen that there are a number of different ways of setting up a language team. It’s rare nowadays to find enterprises opting for a fully in-house translation team, and companies typically go with either a hybrid model with some in-house language capabilities or simply forgo internal language resources altogether.