World's Third Largest Provider of Web-Based Solutions for Due Diligence Joins Global Business Services Leader
April 17, 2007 - TransPerfect, a global leader in technology-enabled solutions for legal professionals, today announced the acquisition of Deal Interactive LLC, the world's third largest provider of web-based solutions for virtual due diligence data rooms that support M&A transactions. Deal Interactive's web-based tools enhance TransPerfect's ability to provide legal, financial, and corporate clients with secure, scalable online repositories that allow for document-sharing during the due diligence process.
"With the global market for M&A predicted to remain robust for the foreseeable future, joining forces with Deal Interactive allows us to offer our clients a more comprehensive set of legal solutions," said Liz Elting, President and CEO of TransPerfect. "We are delighted to have Jordan Ellington, Founder and President of Deal Interactive, as part of our senior management team. Jordan is an industry pioneer with over 20 years of experience helping law firms and financial institutions leverage technology to streamline their business processes."
Jordan Ellington will remain President of TransPerfect's Deal Interactive Division, and will assume the additional post of Vice President of Legal Technology for TransPerfect. Deal Interactive's web-based applications help clients review, manage, and share due diligence documents in a secure virtual data room that enables online collaboration.
"TransPerfect's reputation for providing the highest quality legal support services to a client list which boasts every member of the AmLaw 200, made the company a natural fit for Deal Interactive," stated Ellington. "I look forward to continuing to drive innovation to legal and financial customers, and joining TransPerfect's global team of business services professionals. With 44 offices worldwide, TransPerfect's geographic footprint will allow Deal Interactive to service our increasingly global customer-base even more effectively."
"This transaction represents the union of two of our most trusted and valued suppliers," said Michael King, a Partner at Weil, Gotshal & Manges LLP. "In our view, TransPerfect's acquisition of Deal Interactive is evidence of their commitment to providing legal customers with more innovation and robust solutions to every day problems. We look forward to continuing our relationship with the merged entity."
About Deal Interactive
Deal Interactive is a leading provider of web-based virtual data room solutions that enable firms to conduct due diligence in a secure online environment. Fast repository creation and 24/7 support help corporations, financial institutions, and law firms achieve cost- and time-efficiencies during the M&A process. With an SAS 70, Type II complaint environment, next-generation encryption, and intrusion detection, Deal Interactive offers the industry's most secure and confidential solutions. Founded in 1999, the company currently provides intuitive, web-based document repositories to over 6000 professionals from more than 450 organizations, and has hosted over US$15 billion in transactions.For more information, please visit www.dealinteractive.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.