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India's Valuepoint Knowledgeworks Announces 100% YoY Growth in Translation Revenue for Quarter

Strong demand for Indian language translations in health and education drives 50% QoQ revenue growth.

Valuepoint Knowledgeworks, a provider of pan-Indian translation and localization solutions and language process outsourcing services, today announced strong results for its July-September quarter. Revenues doubled over the same period a year earlier, and were up nearly 50% over the previous quarter. The strong performance was driven by good showings in all major segments, including health, education, technology, and leisure & entertainment.

"These great results show that our repositioning as a specialist in Indian languages is already gaining traction," stated CEO Bob Myers. "The booming Indian economy is driving demand from both domestic and international clients. We have a unique advantage in the form of our Indian production platform, with its skilled English-educated workers." Added Vikram Simha, Head of Operations, "This quarter was especially notable for the growth in education work, where we combine our language knowledge and multimedia expertise to create interactive educational programs for schoolchildren across India, in up to a dozen languages such as Hindi, Bengali, Telugu, and Marathi."

Valuepoint Knowledgeworks (http://www.knowledgew.com) celebrates the tenth anniversary of its founding in December 2011. It is a proud member of the Valuepoint Group, anchored by one of India's leading IT infrastructure providers.

Valuepoint Knowledgeworks announces Bob Myers as CEO

BANGALORE, June 21, 2011 -- Valuepoint Knowledgeworks, a language services provider that serves clients in USA, Europe, India and Singapore, has announced that Mr. Bob Myers has been named Chief Executive Officer (CEO) of the organization. Bob succeeds Mr. A. Gururaj, who assumes the role of President and Chief Revenue Officer. Headquartered in Bangalore, India, Knowledgeworks looks to grow and expand their global market share by focusing their expertise on translation and multimedia services for Indian and Asian languages. This strategic move is designed to leverage the exploding demand for language and localization services in the region as well as take advantage of the company's Indian delivery platform. R. S. Shanbhag, Chairman of the Board, stated: "Bob is an iconic visionary of the language industry. He understands the global marketplace in depth and has a keen sense of emerging markets. He is also a perfect match to our corporate culture and vision. We are delighted to have him lead our next phase of expansion."

A specialist in creating profitable growth businesses based on innovative business models, Bob has more than 20 years of experience in the language industry. In the '90s Bob founded pioneering Japanese localization company Pacifitech, which he then sold to Bowne Global Solutions, where he was responsible for the localization business worldwide. He has advised many language solutions providers on growth strategies and most recently served as COO at localization company Moravia IT.

Bob Myers noted, "We are seeing an historic shift within the localization industry towards emerging economies, led by companies such as Knowledgeworks with roots here in India. I'm elated to have a chance to participate, and ultimately contribute to enriching society with high-quality localized products and services."

About Valuepoint Knowledgeworks

Founded in 2001, Knowledgeworks is India's second largest language services company, headquartered in Bangalore, India and with an office in Singapore. The company specializes in helping global technology, health and education brands succeed in the linguistically diverse Indian and Asian markets with localized products and services. Knowledgeworks is an ISO 9001:2008 and 27001:2005 certified company.

Knowledgeworks is part of the Valuepoint Group (www.valuepoint.in), comprising nine diverse companies employing 1,400 employees worldwide.