Tuesday, June 28, 2005

It's official! Lionbridge buys Bowne

You saw it here first!

Earlier tonight, Lionbridge Technologies (NASDAQ: LIOX) announced a $180 million acquisition of Bowne Global Solutions, thereby creating the world's largest player in a growing and global $6 billion market for globalization and localization services--services that enable leading global organizations to release products and content that meet the linguistic, technical and cultural requirements of customers, partners, and employees worldwide. (See below for text of the announcement.)

This transaction:

* Joins the top two industry leaders with global scale across 25 countries and approximately 500 customers

* Establishes Lionbridge as the industry consolidator and clear leader in the sector

* Adds scale and revenue growth to Lionbridge's global infrastructure

* Is accretive to Lionbridge earnings, with doubling of profit margins in 2006

* Follows on the heels of another recent transaction in the growing sector (SDL and TRADOS)

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