WALTHAM, Mass., Oct. 9, 2014 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has acquired Clay Tablet Technologies, a Toronto, Canada-based provider of integration software that connects content management systems with translation processes and technologies.
Lionbridge has partnered with Clay Tablet for over five years to provide connectors that link its translation processes and technologies with clients' content systems from partners such as Adobe, Sitecore and Microsoft. By acquiring Clay Tablet, Lionbridge is able to provide a complete portfolio of services and technologies that enable clients to seamlessly create, manage, and optimize global digital customer experiences across every channel including Web, email and social media platforms.
"With the proliferation of web content and cloud architectures, content and communications require continuous updates across languages and channels. This global, real-time engagement requires both proven, global connectivity software and market-leading translation processes," said Rory Cowan, Lionbridge CEO. "We will build on Clay Tablet's market-leading connector and web content platform technologies to broaden our global digital marketing offerings across content systems and vertical markets."
Clay Tablet's connectivity platform and CMS connectors are among the most widely used and proven global web content solutions available. Clay Tablet's clients include global brand leaders across industries that rely on Clay Tablet's platforms to ensure secure, reliable multilingual content delivery between content systems and translation processes in one seamless flow.
"Our team of dedicated development professionals has built the world's leading global web content connectivity solutions. By partnering with the global leader in translation, we will expand our market leadership, adding new value for our combined clients worldwide," said Robinson Kelly, CEO of Clay Tablet Technologies. "We look forward to joining the Lionbridge team to further our shared vision of enabling clients to engage their customers any time, in any language across all digital channels worldwide."
Lionbridge expects the acquisition to be neutral to earnings in 2014 and modestly accretive to earnings in 2015, including minimal acquisition and integration costs.
About Clay Tablet
Clay Tablet's unique integration software easily connects any number of content management systems to any translation provider or technology. Clients immediately benefit from Clay Tablet with improved translation process efficiency, making it significantly faster and easier to set-up, manage, send and retrieve translation projects. Based in Toronto, Canada, Clay Tablet Technologies works with a global channel partner network of content management and translation technology vendors, translation service providers and system integrators. For more information, visit www.Clay-Tablet.com.
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our proprietary cloud technology platforms and our global crowd of more than 100,000 professionals we provide translation, online marketing, content management and application testing solutions that ensure global consistency and local relevance across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.
This press release contains forward-looking statements that involve risks and uncertainties, including expectations for accretion and earnings related to the acquisition of Clay Tablet in 2014 and 2015. Lionbridge's actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the termination of customer contracts prior to the end of their term; integration expense; Lionbridge's dependence on clients' product releases and production schedules to generate revenues; the loss of a major client or customer; the size, timing and recognition of revenue from major clients; customer delays or postponements of services; risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; Lionbridge's ability to attract and retain key personnel; costs associated with and consequential to the acquisition and integration of Clay Tablet and benefits realized from the acquisition; risks associated with competition and competitive pricing pressures; and Lionbridge's ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC's website at http://www.sec.gov.
SOURCE Lionbridge Technologies, Inc.