"Winning this award will help Lingo24 tap into new markets in Asia. I sincerely hope Lingo24 can lead the way for Scottish businesses to prosper in international markets."
(PRWeb UK) October 29, 2010
Lingo24, a professional translation services provider from Scotland, has won HSBC’s prestigious Business Thinking Award for the Scotland and Northern Ireland region. The company now joins the other regional finalists at a gala event, taking place in Hong Kong on December 6th.
The HSBC Business Thinking initiative is designed to promote and support businesses in trading internationally, with Edinburgh-based Lingo24 recognised as being among the most innovative and forward-thinking business in the Scotland and Northern Ireland region.
Prior to Tuesday’s final, the six regional finalists were taken on a thought-exchange trip to Istanbul, which was not only a chance for them to swap ideas and build relationships with each other, but also network with local business people. Lingo24 is already negotiating partnerships with some top companies in Turkey on the back of this trip, and has translated its website into Turkish.
The awards ceremony was held at Hopetoun House in South Queensferry on Tuesday 26th October, with Newsnight host Gavin Esler presenting the awards. Esler commented that the judges had praised “Lingo24’s foundation of a strong international culture...and its innovation in promoting the foreign language internet.”
Lingo24 founder Christian Arno said: “For Lingo24 to have won is testament to our innovation within the translations market. I'm delighted and proud to receive this sort of recognition.”
Arno launched Lingo24 in 2001, initially as a small home-based online business operated from his parents’ home in Aberdeen. Lingo24 now has 140 full-time employees across the globe, with its headquarters located in Edinburgh’s New Town. And with clients in over sixty countries and a global network of over 4,000 freelance translators, Lingo24 is on course for a turnover of £5m in 2010 and is gearing up to launch new hubs in the Asia-Pacific (APAC) region in early 2011. Lingo24 specialise in everything from website translation and document translation, to brand-name checking and multilingual SEO.
“Being involved with Business Thinking has already opened doors for us in Europe”, says Arno. “And winning this award will help Lingo24 tap into further new markets in Asia. I sincerely hope Lingo24 can lead the way for Scottish businesses to prosper in international markets.”
The other winner from the region was Bio Technics, an Aberdeenshire-based environmental technology company, and both companies will receive up to £5 million in lending and a financial reward of up to £100,000.
Lingo24 and Bio Technics will now join the sixteen winners from the other eight regions across the UK, to compete for the main prize in Hong Kong in early December.
HSBC Chief Executive, John Rendall, said: HSBC Chief Executive, John Rendall, said: “The standard of entries to the Business Thinking initiative was incredibly high, and the judging panel faced a very difficult decision in deciding which companies should win. Bio Technics and Lingo24 are truly ‘thinking’ businesses, with an innovative approach and a compelling business case, reflecting their learnings from the Thought Exchange.
“The winners are a great example of companies in Scotland that are looking beyond domestic markets to develop their business, and we urge other companies in the region to consider the opportunities that may lie overseas for them.”
Lingo24 is a global language translation company, with 140 full-time employees spread across three continents. Launched in 2001 by Christian Arno, Lingo24 now has clients in over sixty countries and is on course for a turnover of £5m in 2010.
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