Translations.com Announces
Founders' Stock Re-Purchase
Will Create the World's 4th Largest Translation and Software Localization Provider
Yahoo! Finance - February 23, 2005
Translations.com, the leading provider of language solutions for business, today announced that the founders, Liz Elting and Phil Shawe, have recently acquired 100% of outstanding capital stock of the company.
As the owners of TransPerfect Translations, the world's leading document translation company, Elting and Shawe have made a stock acquisition which paves the way for the creation of the world's 4th largest translation and software localization firm. The combined entities will have 290 full-time employees and over $50 million in annual revenues.
Elting said, "While we've always leveraged the strengths of both firms to the benefit of our clients, we are excited to now provide an even more comprehensive solution."
"With offices in 27 cities worldwide and 6 full service production centers across the United States, Europe and Asia, we are pleased to offer our clients truly global 24/7 production capabilities. Additionally, all clients will have expanded access to world-class project managers, localization engineers, and linguists," Shawe added.
About Translations.com
Translations.com provides software and website localization, as well as enterprise language solutions, to clients in virtually every major industry. Translations.com's business services are focused on the strategic needs of organizations seeking to communicate and conduct business in international markets. Translations.com has an established global presence on 3 continents and continues to pioneer new techniques and technologies for the rapid development of multilingual business solutions. For more information visit the Translations.com website at www.translations.com or e-mail the company at info@translations.com.
About TransPerfect
TransPerfect provides a full range of services in more than 100 languages to multinational companies worldwide. These services include translation, interpreting, multilingual typesetting/graphic services, staffing solutions, subtitling/voice-overs and multicultural marketing. With a network of more than 4,000 linguists and subject- area specialists, TransPerfect is one of only a handful of translation companies to be ISO 9001:2000 certified. TransPerfect Translations has offices on 3 continents with its headquarters in New York and its European headquarters in London. For more information visit TransPerfect's website at www.transperfect.com or e-mail the company at info@transperfect.com
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