Language Weaver Awarded Rising Star in Deloitte's Technology Fast 50 Program for Los Angeles

Wednesday September 14, 11:42 am ET

Leader in Statistical Machine Translation Software Recognized for Meteoric Growth

LOS ANGELES--(BUSINESS WIRE)--Sept. 14, 2005--Language Weaver, Inc., a developer of statistical machine translation software (SMTS) for the automation of human language translation, has been named a Rising Star in Deloitte's Technology Fast 50 program for Los Angeles. The Rising Star award is a special designation for fast-growth technology companies that have been in business just three or four years. It is part of the Los Angeles Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in Los Angeles, Ventura, Riverside, San Bernardino, and Santa Barbara counties. Rankings are based on percentage revenue growth over three years (2002-2004). In 2005, only four companies in the Los Angeles metro area received this award and Language Weaver ranks as the second fastest growing young technology company in the region.

Language Weaver's translation software facilitates customers' global market reach and information gathering activities through computer automation of language translation. SMTS technology offers a significant departure from traditional rule-based machine translation systems by producing fluent, natural sounding language translations and can enable cost effective, real-time translations of previously unseen text, like Web based customer communications and text-based research information. Its customers include both government and commercial enterprises.

"To achieve Deloitte's Technology Fast 50 Rising Star award, companies within Los Angeles must have had tremendous revenue growth from 2002-2004," said Tim Lovoy, partner, Technology, Media & Telecommunications, Deloitte & Touche LLP. "Deloitte applauds Language Weaver for having the vision to develop technologies that change the way we work and communicate."

To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2002 and $1,000,000 in 2004, must be public or private companies headquartered in North America, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

"We are honored to be recognized by Deloitte for our strong performance," said CEO Bryce Benjamin of Language Weaver. "Our vision for the future calls for even faster revenue growth in the years ahead. We expect our automated translation software to greatly promote communication and understanding throughout our global neighborhoods through applications in cross-lingual search, multi-lingual email and chat and, eventually, voice-to-voice communication."

Rising Star winners are automatically entered in Deloitte's Technology Fast 50 Rising Star category. Deloitte's Technology Fast 500 program ranks North America's top 500 fastest growing technology companies based on percentage revenue growth over five years (2000-2004). Its Rising Star ranking is based on percentage revenue growth over three years (2002-2004). For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Language Weaver, Inc.

Language Weaver was founded in 2002 to commercialize a unique approach to automatic language translation using proprietary statistical translation algorithms that resulted from 20 person-years of invention and development at the University of Southern California's Information Sciences Institute (USC/ISI). Its resulting product, statistical machine translation software (SMTS), provides the highest quality output to date in automated translation, using the best of traditional and new translation technologies. Language Weaver's translation systems produce fluent, natural sounding translations and save customers money and time through automation of the translation process.

The company has more than 50 patents pending on its SMTS technology worldwide. Bidirectional language pairs available include: Arabic/English, Chinese/English, French/English, and Spanish/English; unidirectional languages include Somali to English and Hindi to English. Language Weaver's software is available as licensed software in server and standalone versions. Website: www.languageweaver.com.

About Deloitte

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