The Language Terminal portal is developed by Precognox in a joint venture with Kilgray Translation Technologies, incorporating their memoQ service. Kilgray is one of the most innovative companies in Hungary. Started in 2004 by three Hungarian language technologists, the company quickly evolved into a multinational, transatlantic company and became one of the most important players of the translating market in the world. Kilgray appeared on the Deloitte Technology Fast 50 in Central Europe list for 2012.