Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has completed the acquisition of CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS enhances Lionbridge’s ability to address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide.
Headquartered in Zurich, Switzerland, with operations in 10 countries in Europe, North America and Asia, CLS provides Lionbridge with complementary geographic coverage and several long-standing, multi-million dollar relationships with clients in the financial services, industrial, public sector and life sciences markets. The Company has approximately 600 professionals including global program managers, linguists and language technology experts who create, optimize and translate highly complex technical, marketing and regulatory content for world leading brands.
“We are pleased to announce the rapid completion of our acquisition of CLS,” said Rory Cowan, CEO of Lionbridge. “Over the past few weeks our enthusiasm about the opportunities for the combined organization has continued to build. With CLS’s high-quality professional services and the complementary nature of our geographic reach and vertical market expertise, it is clear this business combination positions Lionbridge for continued growth, innovation and client service excellence.”