SAN DIEGO, Calif., Dec. 20, 2013 (SEND2PRESS NEWSWIRE) — Interpreters Unlimited, Inc. announced this week that it has recently acquired Albors & Alnet, a language and medical transportation company. And, the Bank of Southern California was instrumental in providing the financing for the acquisition.
As a result of this acquisition, Interpreters Unlimited has doubled its number of employees; can now offer medical transportation services; has a presence on the east coast; has enhanced its presence in the workers’ compensation industry; has doubled company revenue; and is able to create more jobs in response to a growing language and interpreter industry.
“In addition to organic growth, this recent acquisition is the result of an aggressive in-house acquisition growth strategy,” Shamus Sayed, vice president, sales and marketing for Interpreters Unlimited, says. “The service offerings of Albors & Alnet will enhance and complement our current language and interpretation offerings. We truly offer seamless services in a one-stop-shopping environment.”
And, the organic growth is impressive. Interpreters Unlimited is currently experiencing 15 percent organic growth year-over-year. There are no signs that this growth is slowing down.
The market drivers for language company growth are clear. Among them are: more global presence for businesses; exponential growth in the nation’s immigrant population; federal and state requirements for translation interpretation has tripled; legislation mandates insurance and medical providers to offer interpretation and translation services; and the minority population in the U.S. is 35 percent.
In fact, in 2011, INC. Magazine listed three language companies among the fastest-growing private companies.
Rene Albors, CEO of Albors & Alnet says that, “After 25 years in the workers’ compensation industry, I’m proud that our mission to be a truly worldwide organization will continue under this new leadership.”
About Interpreters Unlimited, Inc.:
Interpreters Unlimited is a full service language agency that provides all forms of interpretation and translation service. With a database of more than 8,000 interpreters, its service offerings include in-person interpretation, document translation, telephone interpretation, video remote interpretation, and sign language interpretation in more than 130 languages.
In business for 40-plus years, Interpreters Unlimited, Inc. is one of the most established and largest language companies in California. This recent acquisition catapults it into having a national presence where it now ranks in the top 15 for language and interpretation companies.
About Albors & Alnet:
Established in 1988, Albors & Alnet focuses on providing interpreters and translators to the insurance industry. It also provides transportation to and from medical appointments for workers’ compensation patients. It has a nationwide network that consists of thousands of language experts who offer a broad range of interpretation and translation services.
For more information about Interpreters Unlimited, Inc.: http://www.interpretersunlimited.com/.
For more information about Albors & Alnet: http://www.alborsalnet.com/.
To view a video about the value of translation services, visit: http://youtu.be/RmOcwuDuDpo.
News issued by: Interpreters Unlimited, Inc.
Original Image: https://www.send2press.com/wire/images/13-1220-interpunlim_400x300.jpg
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Original Story ID: 2013-12-1220-001 (9152) :: Interpreters-Unlimited-Inc-Doubles-Revenue-through-Translation-and-Medical-Transportation-Company-Acquisition_2013-12-1220-001
Original Keywords: Shamus Sayed, Rene Albors, language and medical transportation company, Bank of Southern California, interpreters and translators to the insurance industry, legislation mandates insurance and medical providers to offer interpretation and translation services, workers compensation, San Diego business news Interpreters Unlimited, Inc. San Diego California SAN DIEGO, Calif.
Alternate Headline: Interpreters Unlimited aquires Albors and Alnet, a language and medical transportation company
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News Source: Interpreters Unlimited, Inc.