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IQT Extends Strategic Relationship with Lingotek

March 2010

Collaborative Translation Platform Helps Accelerate Translation and Analysis of Sensitive Information Quickly and Accurately

March 22, 2010

Lingotek, a leader in collaborative translation technology, today announced it has extended its strategic relationship with In-Q-Tel (IQT), the independent investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.  As part of the strategic investment, work development, and licensing program (that initially started in mid-2008), IQT will continue to help fund the development and enhancement of new translation solutions and license additional enterprise versions of Lingotek’s Web-based Collaborative Translation Platform.

“We are pleased with Lingotek’s ability to quickly and accurately translate and analyze documents and chatter from any number of languages,” says William Strecker, Executive Vice President of Architecture and Engineering at IQT. “Lingotek’s collaborative translation platform accelerates this process because linguists translating these assets can work simultaneously with analysts needing to review the translations instead of having to wait for each translation project to be completed. As a result, Lingotek continues to be a critical component of our language translation technology capabilities.”

Lingotek is transforming the way organizations reach international audiences by harnessing the power of communities to produce localized content faster and more cost effectively. Via any web browser, communities of translators can use Lingotek’s software-as-a-service (SaaS) collaborative translation platform to translate text of any kind with the help of private and public translation memories, rank the translation for accuracy and provide final edits, while content owners can upload new projects, assign translators and track project progress in real time. Lingotek enables organizations to capture, grow and re-use translated content for faster and more accurate translations.

“By extending our program once again, IQT further validates our collaborative translation platform and the benefits it brings to both the government and the commercial markets,” said Rob Vandenberg, CEO, Lingotek. “During this long-standing and successful relationship, Lingotek has already helped many organizations in both markets break down language barriers and make global communications more open and accessible.”

About IQT
IQT is the strategic, not-for-profit investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched by the CIA in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. IQT concentrates on several broad commercial technology areas, including physical and biological technologies; security; and software and infrastructure. To date, IQT has engaged with more than 175 companies and delivered more than 260 technology solutions to the Intelligence Community. To learn more about IQT, visit www.iqt.org.

About Lingotek
Lingotek is transforming the way companies translate and localize information, making the process faster, less expensive and more accurate. Its exclusive web-based Collaborative Translation Platform™ represents the next step in the revolution of translation through technology and community involvement. Today, global organizations, intelligence agencies and government entities use the platform, saving days, weeks and months on projects ranging from a few pages to several volumes. Lingotek also offers professional translation services for companies. The company is based in Draper, Utah. For more information, visit http://www.lingotek.com