Lionbridge Secures Master Services Agreement with Leading Construction Equipment Manufacturer as Selected Translation Services Provider
Multi-National, Fortune 100 Company Centralizes Translation and Reduces Costs through Lionbridge Managed Service Model
WALTHAM, Mass. August 11, 2009 - Lionbridge (Nasdaq: LIOX) today announced that it has signed a master services agreement with a leading manufacturer of construction and mining equipment. With the agreement Lionbridge will be the Fortune 100 company's selected provider for translation of the company's web sites, technical documents, service manuals and training material. Initially Lionbridge is providing localization service and quality review across 48 languages, with potential extension into additional languages as the program progresses.
Lionbridge was chosen for the program based on its global scale, superior operational delivery teams and proven track record as a leader in the translation industry. Lionbridge was also selected because of its ability to help the company simplify and streamline its previous process which involved more than 150 smaller translation providers.
To ensure quality and efficiency, Lionbridge is providing a consistent, technology-enabled managed service model which optimizes the organization's language assets and streamlines processes as the company markets its products in more than 200 countries and communicates with partners, dealers, customers and employees worldwide.
"As the world's most trusted translation services partner, we are delighted to add this firm to our list of Fortune 100 clients who require a flexible and reliable solution for managing multilingual content and reducing costs. This is yet another example of the Lionbridge global resource management capabilities. In this global downturn, major companies are finding that outsourcing and centralizing worldwide translation management activities accelerates cost reduction and increases control," said Rory Cowan, CEO, Lionbridge. "By working with Lionbridge, this client can simplify processes and increase efficiency as they extend their 80 year track record of providing superior products and components across the globe."
About Lionbridge Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing services. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle - from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.