Online dictionary giant Babylon picks Turkey amidst crisis

Hurriyet – Israeli Babylon, one of the world’s leading companies in online dictionary and corporate software solutions services, inked an agreement with Medyasoft for distribution services in Turkey, where it opened an office during the time of a global economic crisis. Alon Carmeli, CEO of Babylon, said they have three million Turkish users despite they did not have operations in Turkey up until now and added, “We consider further expanding our presence in Turkey, where we see a vast potential.” Carmeli stated that they have also opened a representative office in Turkey and went on to say that Turkey ranks amongst the top five countries in the world with respect to Babylon users and that they expect the country to rank amongst the top three countries with regard to revenues following their recent investment moves.