Babylon opens office in Turkey
Posted by meb at April 26th, 2009
An Israeli company offering dictionaries and institutional software solutions online has opened an office in Turkey, and has signed a distribution agreement with Turkish firm Medyasoft.
Babylon offers online and electronic dictionaries in 74 languages. It is also known for its “Enterprise” solution, which facilitates data management.
The company already has 3 million Turkish users, despite having no office in Turkey until now, said Alon Carmeli, chief executive of Babylon. “We see important potential here and wish to enhance our presence,” Carmeli said. “We will strengthen our online activity with Medyasoft.”
Turkey stands among the top five in Babylon users, while the company aims to put it among the top three in revenue, the chief executive said.
The Babylon Web site is visited by 65 million users worldwide every day, with 13 million of those visitors registered users. Out of that, 3 million users chose to pay for exclusive services. “In the first year, we aim to reach 100,000 paid users in Turkey,” he said. “There are users who use limited versions. We think they may opt for unlimited versions. Our online dictionaries cost $59.”
Despite the crisis, Babylon keeps growing, Carmeli said. “In a crisis, our business on the institutional side drops, but there is a rise on the individual side. Internet usage increases during crises. Laid off people look for jobs over the Internet, while also trying to develop their foreign language skills,” he said.
source: Hurriyet daily news
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