Posted on GoArticles.com. See full article here
IPO Candidate WhiteSmoke Generates Revenue of $3.3 Million Last Quarter
By Katherine Belle
WhiteSmoke Inc., an English writing and translation software company seeking to go public in the U.S., published their latest numbers from quarter 1 of 2011 in the company's latest initial public offering prospectus on Monday, June 27th, 2011. The company offering is being underwritten by Rodman & Renshaw LLC and EarlyBirdCapital Inc., popular companies in the IPO scene.
WhiteSmoke has applied for Nasdaq listing under the ticker symbol “WHSM” while targeting the Education, Government and Business markets, all showing a growing demand for what this small hi-tech company offers. WhiteSmoke Inc. claims in their prospectus that though there are other companies they consider competitors in similar markets, they have yet to see anything similar to or at the level of their own solution. The Education, Government and Business markets are huge, and with the statistics in the “Industry” section of their prospectus showing the growing need for English as a common language on a worldwide scale, it seems this company has a bright future ahead of them.
The company has developed a PC solution that corrects grammar, spelling, style, punctuation and structure errors in texts as well as translates full texts and single words to and from nine languages. In addition, their product includes a Templates tab allowing the user to choose from a multitude of letter templates for instant use. A Mac version identical to their current PC version will be available by the end of this fiscal year. Also predicted to be launched by the end of this year is the WhiteSmoke Facebook application. In addition, applications for iPhone, iPad and Android are predicted to be launched by the end of 2012.
WhiteSmoke Inc., mentioned Monday that additional funding is needed to finance operations for the next 12 months. Evolution Venture Capital Fund, investors of WhiteSmoke Inc., have told the company that they are willing to provide the company with funding they require.
In addition to their flagship product, WhiteSmoke Writer, the company also offers a free trial version available for download together with toolbar applications from third-party monetization companies. Since the launch of this free product last year, it has become a huge revenue source for the company.
WhiteSmoke generated a total revenue of $3.3 million last quarter, a substantial grown from less than $1 million the year before and expect to continue to grow their operations by opening offices and hiring personnel worldwide.
Showing posts with label whitesmoke. Show all posts
Showing posts with label whitesmoke. Show all posts
Thursday
Google Translate API - True or False?!
While countless people all over the world prepare themselves for the day when Google Translate is no longer available in an API solution (supposedly in December), others refuse to do so and beg Google to reconsider.
Rumors are spreading that Google may have succumbed to the insane demand for their Translate API service and will continue to offer their Translate API - but for a price.
The question business people, marketers, developers and affiliates are asking all over the world is - so what's true?
Whatever the truth really is, Google has to give an official statement with a final decision as to what will be going on with their Translate API. People all over the world depend on this service to run their businesses and must have time to consider alternatives. These alternatives will not be easy to find. Apparently there are only four companies in the whole world with this kind of translation technology and now Google, which was one of them, is no longer an option (or is it?).
Microsoft is trying to ride the wave now with their own translation service, however a simple test of two or three sentences between Google and Microsoft show that MS simply aren't as good! A good recommendation would be WhiteSmoke Translator - their translation is as precise as Google and sometimes shows even better results. The only question now is - do they have their translator in an API service and if not, would they be willing to do so and "ride the wave" like Microsoft?
Only time will tell, unfortunately time is running out. We're all waiting for more news from Google and will update our faithful readers once something comes up.
Rumors are spreading that Google may have succumbed to the insane demand for their Translate API service and will continue to offer their Translate API - but for a price.
The question business people, marketers, developers and affiliates are asking all over the world is - so what's true?
Whatever the truth really is, Google has to give an official statement with a final decision as to what will be going on with their Translate API. People all over the world depend on this service to run their businesses and must have time to consider alternatives. These alternatives will not be easy to find. Apparently there are only four companies in the whole world with this kind of translation technology and now Google, which was one of them, is no longer an option (or is it?).
Microsoft is trying to ride the wave now with their own translation service, however a simple test of two or three sentences between Google and Microsoft show that MS simply aren't as good! A good recommendation would be WhiteSmoke Translator - their translation is as precise as Google and sometimes shows even better results. The only question now is - do they have their translator in an API service and if not, would they be willing to do so and "ride the wave" like Microsoft?
Only time will tell, unfortunately time is running out. We're all waiting for more news from Google and will update our faithful readers once something comes up.
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