Gatineau, Quebec, May 22, 2010 - Pierre Blais, CEO and President of MultiCorpora, is interviewed
by a large business newspaper, "Les Affaires" where he provides a snapshot of
MultiCorpora's current business achievements and their foreseeable future
opportunities.
To read the original
French article please click here: Les Affaires Full Article
<<Courtesy
Translation>>
After building a solid
foundation in Canada and opening their European office, MultiCorpora continues
to grow. Presently, MultiCorpora has the U.S. market in
its sights. "We had already tried three
years ago, but there was no opening. Currently, the timing is better,
"said Pierre Blais, MultiCorpora CEO and President.
U.S. businesses and
organizations predominantly operate in English without worrying too much about
other languages spoken in the country. However, the growth of the
Hispanic population is changing this soon to be outdated mentality. As a result, MultiCorpora has
good reason to try their luck again by re-enter the U.S. market.
Last year, MultiCorpora formalized
a partnership with Flatirons Solutions, a Colorado based company specializing
in content management solutions and digital asset management. "This agreement adds
value to our products and will help us market our software," says Blais.
The Business
MultiCorpora will first target company
headquarters in the financial, legal and pharmaceutical industry verticals, as
they not only have a large presence in the U.S but also operate on an international
stage.
MultiCorpora, which recently celebrated
its 10 year anniversary, has benefited from a strong federal presence in the Ottawa
region. More than a dozen departments
and agencies use its software, including the Translation Bureau of Canada, one
of the largest language technology customers in the world.
In 2006, MultiCorpora put down
roots in Europe, opening an office in Brussels. In addition to its multilingual
character, the Belgian capital was a natural springboard due to the presence of
many European institutions. "Worldwide translation work
accounts for approximately $15 billion of expenditures, with $ 1 billion of
that coming from Brussels alone," said Blais.
Since its establishment, MultiCorpora
has won contracts with the Council of Europe, as well as several UN agencies,
including UNESCO. The government of Switzerland,
France and Germany are also among its customers.
Result: the company has doubled its revenue from
Europe, which accounts for approximately 40% of its overall revenue.
Asia could be another target for
MultiCorpora, as they recently received their first contract in Japan. "Asia is an attractive
market, but
we must proceed one step at a time, "says Mr. Blais.
MultiCorpora currently has approximately
350 customers, which is significant compared to thirty it had before the
arrival of Pierre Blais, five years ago. The company also has several
private sector clients, including global giants Proctor & Gamble, Kraft,
Toys'R'Us and HSBC Bank.
L'office québécois de la langue
française (OQLF) has recently chosen MultiTrans,
MultiCorpora's flagship product, to further develop the multilingual ‘grand
dictionnaire terminologique'. MultiTrans better manages the translation process by retrieving
words, phrases, paragraphs and/or sections of previously translated content for
reuse in future translation projects.
"Organizations lose a lot
of time and money translating what has often already been translated,"
says Pierre Blais. He further adds, the use of our
software allows companies to increase the consistent use of standardized terminology
and approved translations.
Presently MultiCorpora employs approximately
30 people, who speak a combined total of over 18 languages. Pierre
Blais expects MultiCorpora to increase their current workforce to over 40 in
the near future.
About MultiCorpora
MultiCorpora is exclusively dedicated to
providing language technology solutions to enterprises, language service
providers and governments. The technology empowers its clients to better manage
linguistic assets and control the entire translation process whether they
outsource their translations or handle them in-house. With offices in North
America and Europe, MultiCorpora leverages the expertise of its impressive
client base to the benefit of its worldwide user community.
For more information, please click here (www.multicorpora.com/about/company)
