Translations.com Announces Founders' Stock Re-Purchase


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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
With revenue of over $250 million, TransPerfect is the largest privately held language services provider in the world. From offices in 66 cities on 5 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. With a global network of over 4,000 linguists and subject-area specialists, TransPerfect is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.

 
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