DRAPER, Utah -- (BUSINESS WIRE) -- Lingotek, the leader in collaborative translation solutions, has won an International Stevie Award for Best New Product in the 2010 International Business Awards. Lingotek’s Collaborative Translation Platform, version 5.0, was selected as the Best New Product or Service of the Year for computer software, in the Software as a Service category. The International Business Awards are the only global, all-encompassing business awards program honoring great performance in business.

Lingotek’s Collaborative Translation Platform (CTP), currently in version 5.0, is an end-to-end solution for the translation and management of content in a rapid, trusted and cost effective way. The CTP is accessible over the internet, and allows content managers to upload documents to the interface. Once uploaded, businesses and organizations are able to leverage their customers’ global communities and professional translators to reduce translation costs. Community members and translators are aided by a variety of machine translation tools, and are able to vote on each other’s translations to ensure all content is translated accurately for each language. Project managers can view progress, by document or project, via the CTP’s management tools. The product can also be integrated, via API, to any platform, allowing for on-demand translation of websites, software, and other media. Machine translation tools combined with this collaborative model allows for faster and more accurate translations.

“This International Business Award is proof of our products ability and innovation within the translation industry,” stated Robert Vandenberg, CEO of Lingotek. “While many translation solutions and services exist today, Lingotek’s amalgamation of technology and community based-translation has allowed us to deliver translations quickly and more accurately. Lingotek is honored to receive this recognition of The Stevie Award for Best Product of the Year, and remain committed to revolutionizing the translation industry, and providing best-in-class solutions to business and organizations.”

Recipients of International Stevie Award trophies were selected from more than 1,700 entries received from organizations and individuals in more than 40 countries. Organizations all over the world are eligible to compete in The International Business Awards, and can enter in any of more than 40 categories from Multinational Company of the Year and Best New Product of the Year to Corporate Social Responsibility Program of the Year and Executive of the Year.

Honorees were selected through two rounds of judging by business professionals worldwide.

“Despite the harsh economic climate, entries to the IBAs actually grew a bit this year, and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate all of the Finalists and International Stevie Awards winners, and we look forward to honoring them for their achievements at our gala awards dinner in Istanbul on 27 September.”

Lingotek Multimedia Elements:

Follow us on Twitter

Become a fan of Lingotek on Facebook

View our videos on YouTube

Join our network on LinkedIn

About Lingotek

Lingotek gives Enterprise business customers’ new ways to engage their global communities by providing trusted, rapid translations to expand and grow business in a cost effective way. Its exclusive web-based Collaborative Translation Platform™ represents the next step in the evolution of translation through technology and community involvement. Today, global organizations, intelligence agencies and government entities use the platform, saving time and resources 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

About The Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.