Founded in 1997, Babylon is the market leader in "single-click"
translation, conversion and information software. The company
currently has dictionaries in 13 languages, and allows access to over
a thousand content sources. With over 13 million registered users,
Babylon is growing at a rate of 20,000 newly registered Trial Version
users per day. What is more important, the company is enjoying high
conversion rates from users of the free Trial Version to Babylon-Pro
paying customers, among them hundreds of companies worldwide who are
purchasing Babylon-Pro and Babylon-Enterprise for effective and
instant information retrieval solutions.
The company's aim is for Babylon software to become an integral
component of an enterprise's information backbone, helping the
enterprise's employees, customers and suppliers in getting information
from corporate internal sources, allowing them to retrieve and display
the information within the Babylon structure, which has already been
adopted by millions of people.
Babylon Ltd. is a subsidiary of Mashov Computers Ltd. and Product
Computers Ltd., an Israel-based technology holding company owned by
Formula Systems Ltd. (www.formula.co.il) (NASDAQ (ADR): FORTY).
The company is in the process of expanding its activities in Europe
and has recently opened Babylon GmbH, a subsidiary in Munich, Germany,
to cater to the large German market. In addition, Babylon has started
appointing distributors all over Europe.