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Translations.com and iSP Merge

Transaction Expands Software Localization and Testing Capabilities

Yahoo! Finance - June 11, 2007

Translations.com, a leader in website localization, software localization, and Globalization Management System (GMS) technology products, today announced that it has completed a merger with one of Europe's premier providers of localization services, International Software Products B.V. (iSP). Financial terms of the deal were not disclosed.

Amsterdam-based iSP will become a division of Translations.com and will continue to be led by current CEO, Martijn Heertje, a 16-year veteran of the localization industry. Heertje will remain Division President of iSP and will assume the additional post of Vice President at Translations.com. Additionally, the original founder of iSP, Yvonne Carter, will remain on the post-merger management team in her present role.

The transaction expands Translations.com's software localization capabilities in Western Europe and Asia. Phil Shawe, President and CEO of Translations.com, stated, "For over a decade, iSP has been one of Europe's leading localization companies. In joining with the iSP team, we have found a merger partner that shares our cultural values, customer-orientation, and vision for growth. I look forward to working together with iSP to drive innovation and value to our combined customer base."

Heertje added, "Being an entrepreneur, what drew my attention to Translations.com as a merger partner is their impressive track record of retaining management, employees, and customers. The business model Translations.com embraces allows my team to retain the autonomy, flexibility, and speed that we are accustomed to, while simultaneously leveraging the extensive resources and global footprint of an industry leader."

In addition to its software localization production facility and testing lab in the Netherlands, iSP also maintains a Beijing-based production center from which Asian language localization projects are managed. iSP's Beijing office fits well with Translations.com's existing presence in the Asia-Pacific region, which includes offices in Hong Kong, Tokyo, Singapore, and Sydney.

 
 
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