Barely five years after its launch, Israeli online translation service One Hour Translation is already serving half of the Fortune 500 companies. The company reports a sales growth of 100 percent.

Learning a new language but tired of those boring texts in your textbook? Israeli startup Lingua.ly's Google Chrome extension will locate content you like that is just at your reading level in order to improve your learning experience.

Haifa-based company called Lexifone is releasing its much-awaited product this month, an advanced automatic interpretation/translation software, all without the need for an Internet connection or even a Smartphone.

A new service being developed in Haifa, Israel, called Lexifone, claims to solve the linguistics barrier between tourist and local. Simply put, you will be able to say the desired sentences to your phone, after which it will translate it to your interlocutor in his language.