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Eriksen Translations Ranks Among Top Language Services Providers Globally and Regionally in 2024

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Annual survey by CSA Research places Eriksen Translations at the forefront of the language services industry.

BROOKLYN, N.Y., July 18, 2024 /PRNewswire-PRWeb/ — Eriksen Translations Inc., a Brooklyn-based, woman-owned language services provider, has been named one of the leading providers of language services worldwide by independent market research firm CSA Research. In their 2024 rankings, based on verified revenues from 2023, Eriksen secured the 78th position globally and the 20th position in North America in the $55.61 billion language services industry.

“We are honored to once again be ranked as a leading LSP by CSA Research,” says Vigdis Eriksen, Founder and CEO. “This recognition reflects our team’s hard work and dedication to providing high-quality, culturally competent translations.”

The language services industry encompasses a wide array of players, ranging from specialized agencies to global giants. With this prestigious recognition, Eriksen solidifies its position as a major contributor to the multi-billion-dollar global language services market.

For 38 years, Eriksen Translations has delivered comprehensive multilingual services to help organizations communicate with domestic and international audiences. Eriksen caters to an array of industries, supporting top companies in finance, insurance, law, healthcare, and education, as well as city and state agencies, nonprofits, NGOs, and prominent museums and cultural institutions.

Eriksen is consistently acknowledged for its sustained growth and leadership within the language services industry. In 2023, Eriksen was named to the Inc. 5000 list of fastest-growing privately owned companies in America, recognizing the company’s growth rate of 121% over the prior three years. Eriksen was named as a Challenger on the 2024 Slator Language Services Provider Index.

“We are honored to once again be ranked as a leading LSP by CSA Research,” says Vigdis Eriksen, Founder and CEO. “This recognition reflects our team’s hard work and dedication to providing high-quality, culturally competent translations. We are grateful for the continued trust of our clients and remain steadfast in our mission to support effective communication across diverse cultures.”

Hélène Pielmeier, CSA Research global market study analyst, recognizes the crucial role of the language services industry in today’s global business landscape: “LSPs not only bridge linguistic and cultural gaps but also drive global business growth by enabling effective communication across borders. Our 20th annual ranking of the top LSPs worldwide and by region highlights the leaders who are setting the standard for excellence in the industry.”

She adds, “The industry has entered the Post-Localization Era, a period of profound transformation for LSPs. Future growth will stem from language services, enhanced with more NLP insight and by more powerful algorithms, and become core services for a wider range of international content operations. Such offerings help clients expand their global customer engagement and experience.”

STUDY METHODOLOGY

CSA Research uses structured and documented methodologies to ensure independent and reliable data-driven research for language service providers, technology vendors, global enterprises, and investors. The rankings of the largest suppliers are based on confirmed revenue from 2023. This is the 20th year CSA Research has studied the language services industry, and the 10th year Eriksen has appeared in the rankings.

Included in CSA Research’s global market study is the ranking of the largest language services and translation technology providers in the world, as well as across seven regions.

INFORMATION SOURCES

CSA Research’s annual study of the language services and technology market is based on a rigorous methodology that ensures the accuracy and integrity of the data published for this and other reports based on its Global Market Study (“Methodology: Global Market Study (2024)”). Instead of estimating values, the firm uses the exact data provided, verified, and authorized by LSPs and technology vendors for the ranking.

ABOUT ERIKSEN TRANSLATIONS INC.

Eriksen Translations delivers best-in-class multilingual services in 100+ languages. Founded in Brooklyn in 1986, Eriksen supports clients worldwide with a full range of services, including translation, typesetting, web and multimedia localization, transcreation, transcription, voiceover and subtitling, language quality assurance, accessibility services, and live Zoom interpreting. Eriksen is certified as a woman-owned business enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC) and the City and State of New York. For more information, visit https://eriksen.com | @eriksentrans

ABOUT CSA RESEARCH

CSA Research is the premier independent market research company focused on language services and technologies. It provides reliable market research for global organizations to operationalize, benchmark, optimize, and innovate industry best practices in globalization, internationalization, localization, interpreting, and translation. http://www.csa-research.com | @CSA_Research

Media Contact

Jennifer Murphy, Eriksen Translations Inc., 1 646-460-2428, jennifer.murphy@eriksen.com, https://eriksen.com

Twitter, Facebook, LinkedIn

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SOURCE Eriksen Translations Inc.

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AI-Powered Earbuds Transforming North American Smart Offices: Exclusive Insights from viaim CPO at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At CES 2025 in Las Vegas, Liu Da, Chief Product Officer (CPO) of viaim, an AI technology hardware company deeply rooted in the smart office sector, gave an exclusive interview, sharing valuable insights into viaim’s exploration of the field of AI-powered earbuds, its innovative product concepts, and how the technology addresses common workplace challenges in North America. Mr. Liu also delved into the market potential of AI-powered earbuds and viaim’s strategic blueprint for shaping the future of smart offices, especially in the North American market.

North American business professionals have widely embraced remote and hybrid work models. The rise of multilingual communication has fostered a highly digitalized consumer landscape with diverse user needs, particularly for smart office solutions. In response, viaim is dedicated to developing practical AI solutions that alleviate repetitive and tiring office tasks. By addressing the evolving demands of North American professionals with its AI-driven innovations, viaim is advancing its global mission to transform work efficiency and productivity.

Unique advantages of AI-powered smart earbuds

In the interview, Mr. Liu said earbuds, being close to the user’s senses, are seamlessly integrated into daily life and serve as an ideal platform for AI technology. Unlike traditional office hardware, AI-powered earbuds are portable and versatile, fitting various scenarios such as remote meetings, commuting, and entertainment. He highlighted that viaim’s AI-powered smart office solutions position the Company to bridge the gap between people and devices, transforming earbuds from simple audio tools into smart office partners. 

viaim’s technology and design challenges during the R&D  phase

Mr. Liu detailed the challenges the Company faced during the R&D phase, including integrating AI computing power, storage, and sensors into earbuds with limited space while maintaining portability and battery life. He also highlighted the difficulty of balancing human auditory sensitivity with machine signal processing to ensure a natural user experience. To tackle these challenges, viaim employed multi-terminal collaboration, integrating earbuds, apps, and cloud services to ensure seamless voice processing and secure data management tailored to the needs of North American professionals.

Market potential, insights, and positioning in North America

A report from Upwork, the world’s largest work marketplace, projects 36.2 million Americans will work remotely in 2025, marking an 87% increase from pre-pandemic levels. AI-powered earbuds, with capabilities including meeting recording and follow-up task management, cater to the digitalized and multilingual North American market. As remote and hybrid work rises, AI earbuds are becoming vital for workplace efficiency and language learning. viaim stands out with a competitive strategy focused on technological innovation and market segmentation, offering unique value beyond traditional earbud brands.

Future strategy and product vision

Mr. Liu believes technology’s true value lies in solving real-world problems. “When users actively engage with our AI solutions, it demonstrates their true value,” he stated. AI earbuds remain the Company’s core focus, empowering professionals to shift their attention from routine tasks to meaningful creative endeavors. Looking ahead, viaim plans to expand its product lineup to include smart glasses and office accessories, creating a comprehensive AI office ecosystem. The Company aims to rapidly iterate based on user feedback, expanding AI earbuds from niche to mass markets and advancing industry development.

Media Contact: 

Qian Wang
+86-15321782927
wangqian@vision-intelligence.tech

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SOURCE VIAIM

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Steller Unveils Group Trip Planning

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KIRKLAND, Wash., Jan. 10, 2025 /PRNewswire/ — Steller, a video-based, travel planning platform that allows travelers to discover, connect and book based on experiences shared by creators, introduced its most requested feature yet: group trip collaboration. The feature transforms how travelers plan group trips by consolidating everything—discovery, communication, organized planning, and booking—into one platform. 

Steller launches group trip planning, streamlining discovery, communication, and booking into one collaborative platform.

Traditional Trip planning involves multiple surfaces and when traveling with others, multiple communication channels. It is difficult to stay organized when communication is spread across text messages, social DMs, email, etc.  

Steller’s new collaboration feature eliminates communication chaos and streamlines trip planning by offering a central group hub for organizing every piece of the process. Travelers can invite others to join their Trip itinerary, keeping communication, discovery, and booking in one place. With Steller’s library of more than 30 million pieces of user generated travel content, groups can share videos of activities, dining spots, attractions, add notes, and co-create custom itineraries. Flexible itinerary views—list, map, and video—give everyone a complete picture of the plan to share and edit with their travel companions.

“Collaborative trip planning has been a top request from our community.  When we launched Trips by Steller   last January, we knew it would resonate, but the response has far exceeded expectations. In a short time, over 50,000 users have planned and booked trips by incorporating their favorite user-generated travel videos into personalized itineraries. For our destination clients,  Trips by Steller has seamlessly connected travel influencer marketing to planning and commerce. Steller clients see more than 18% of viewers who engage with their influencer campaigns planning trips to their destination—a result that sets a high bar in the travel industry. Adding collaboration to the mix amplifies that impact, inspiring more people to explore, engage and transact together!” said Pete Bryant, CEO of Steller. 

How It Works  

Whether it’s a getaway for two or a large group adventure, collaboration makes organizing travel plans easy with an all-in-one solution. 

Build Your Itinerary Together: Group members can contribute by adding things to do, activities, and notes.Stay Organized: Add notes and structure by day, activity, or group to eliminate confusion.Flexible Views: View your itinerary as a detailed list, on a map, or through video for a fully customizable planning experience.Real-Time Updates: Keep track of changes, additions, and edits made by group members.On-the-Go Access: Everyone can access the itinerary on their phone.

Steller continues to lead the charge in innovative travel planning, ensuring that its platform evolves based on user feedback. Collaborative trip planning is the latest step in its mission to evolve travel. 

About Steller 

Steller, headquartered in Kirkland, Wash., is the market leading travel planning platform that guides travelers from inspiration to planning and booking through authentic experiences of their favorite creators. Steller’s patent pending platform distributes millions of pieces of bespoke, worldwide video content that can be found and booked on the Steller app. Learn more at www.steller.co  and  stellerforbusiness.com

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RAAPID Raises Series A from M12, Microsoft’s Venture Fund to Scale Next-Generation Healthcare Risk Adjustment

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Company reports 300% revenue growth in 2024 and advances partnerships with nation’s leading health systems

LOUISVILLE, Ky., Jan. 10, 2025 /PRNewswire/ — RAAPID, the industry-leading healthcare AI company, announced today a significant Series A investment from M12, Microsoft’s venture fund. This strategic funding positions RAAPID to expand its groundbreaking Neuro-symbolic AI platform that is reshaping healthcare risk adjustment.

RAAPID’s explosive growth – marked by a 300% revenue increase in 2024 – demonstrates the market’s strong validation of its advanced technology platform. The company has quickly established itself as a trusted partner for major health plans and provider., At the core of RAAPID’s success is its pioneering VisionAI technology, which tackles one of healthcare’s most pressing challenges: making sense of unstructured medical data. While over 70% of medical records exist as unstructured data when shared outside EHRs, RAAPID’s AI engine transforms this complex information into actionable insights, enabling unprecedented accuracy in risk capture and care gap identification.

“Our vision extends beyond traditional risk adjustment,” states Chetan Parikh, Founder and CEO of RAAPID. “We’re creating a future where AI augments healthcare professionals’ capabilities, leading to better patient outcomes and more accurate appropriate reimbursements. This investment from M12 accelerates our mission to transform healthcare through advanced AI.”

RAAPID’s purpose-built Risk Adjustment platform has achieved remarkable results:

Slashing chart review time by 60-80%Surpassing industry standards with 95%+ coding accuracyGenerating additional appropriate and compliant revenue per memberImproving risk capture accuracy by 25%

The HITRUST-certified platform stands out for its unique Neuro-symbolic AI approach, combining neural networks with an extensive medical knowledge graph containing over 4 million clinical entities and 50 million relationships. This sophisticated technology enables both retrospective analysis and prospective risk adjustment, helping organizations identify and address care gaps to positively impact patient health.

“Healthcare organizations are increasingly seeking innovative solutions to manage risk and improve care delivery in value-based arrangements,” said Todd Graham, Managing Partner at M12. “RAAPID’s AI-driven risk adjustment platform aligns perfectly with our investment strategy. Through M12, we are committed to providing our portfolio companies with access to Microsoft’s resources and expertise to drive significant impact in the healthcare sector.

Led by a team with over 25 years of healthcare technology expertise, RAAPID has collaborated with experts from the top 4 tech giants in developing its clinical AI solutions. RAAPID continues to push the safe boundaries of what’s possible in healthcare AI. The company’s selection as an M12 portfolio company validates its position as a leader in healthcare technology innovation.

As value-based care becomes increasingly important, RAAPID’s AI-powered solutions are becoming essential tools for healthcare organizations striving to improve timeliness and quality of care all patients expect. With this new funding, RAAPID is poised to further advance its technology and expand its positive impact on patients, providers and payers.

About RAAPID
RAAPID develops AI-powered solutions for healthcare payers, providers, and supporting organizations. The company’s cloud-based risk adjustment platform uses neuro-symbolic AI to identify chronic conditions, determine HCC codes, calculate risk scores, and analyze population health trends. RAAPID serves organizations that participate in Medicare Advantage, ACA, Medicare ACO, and Medicaid programs.

For more information about RAAPID’s AI-powered risk adjustment solutions, visit www.raapidinc.com

CONTACT:
Mayur Vyas
(502) 699-3044
388583@email4pr.com

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