TRANSLATIONS.COM ENTERS INTO MERGER AGREEMENT WITH QUAGNITO SOLUTIONS


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TRANSLATIONS.COM ENTERS INTO MERGER AGREEMENT WITH QUAGNITO SOLUTIONS

Forbes.com
October 16, 2008

Quagnito's 45 India-Based Localization Professionals to Bolster Translations.com’s Testing, DTP, and Software Development Resources

NEW YORK, USA and PUNE, India, October 16, 2008 – Translations.com, a world leader in translation services and technology, today announced it has completed a merger with Quagnito Solutions of Pune, India.  Quagnito specializes in localization-related testing, DTP, and software development. Financial terms of the deal were not disclosed.

Quagnito owners Anita Ganapathi and Neeraj Bezalwar, as well as all of Quagnito's employees, will remain with the company. Ganapathi will retain her position as Chief Operating Officer and Bezalwar will retain his position as Chief Technology Officer.  Both will continue to run the company's day-to-day operations and both will join Translations.com's senior management team.

Ganapathi stated, "Neeraj and I feel that Quagnito is now at a crucial stage in its growth as an organization, and to achieve its maximum potential, we needed a merger-partner that is not only a world leader in localization, but also flexible enough to allow us to keep our autonomy.  Translations.com’s impressive track record for retaining employees and fostering opportunity for its merger-partners made the decision the best option for the future of Quagnito, our employees, and our customers."

Bezalwar continued, "We have first-hand knowledge of all translation-related technology systems and I can tell you without hesitation that Translations.com's GlobalLink GMS is the most impressive suite of tools that exists today. I look forward to the Quagnito team playing a role in future development."

Phil Shawe, President and CEO of Translations.com, added, "Having worked with Quagnito extensively in the past, we can attest to the skill and expertise their team brings to the table. This merger is a natural extension of our successful working relationship, and we look forward to working with the Quagnito team for years to come."

About Quagnito
Quagnito Solutions was founded in 2003 with a vision of providing high quality end-to-end solutions in the field of localization, Global Content Management, and training content development. Equipped with a strong cross-functional team, Quagnito has successfully provided services to some of the best known names in the global environment. The company’s Offshore Development Centre in Pune, India consists of state-of-the-art infrastructure and a specialized team of experienced Consultants and Engineers.

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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