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Lionbridge Technologies Inc. Message Board

  • adspatz adspatz Oct 8, 2013 10:43 AM Flag

    Lionbridge to acquire E5 Systems

    Search for "SEC Live Filings Digest" to find out more.
    Lionbridge Technologies Inc. (LIOX) will acquire application developer and testing solutions company E5 Systems, according to a recent announcement. The transaction, valued at around $3.75M, involves $1.6M cash and the possibility of earning an additional $2.15M, based on performance metrics and payable over a two-year period. This acquisition is important to Lionbridge in that it supports its goals of expanding operations in China in order to meet demand. E5 Systems has personnel based in the United States and China, specifically in Jinan, China, an area between Beijing and Shanghai. Lionbridge CEO Rory Cowan remarked that as more companies rely on Lionbridge, it is necessary to continue growth and the E5 Systems acquisition smartly achieves continued growth in key markets.

 
LIOX
5.09-0.08(-1.55%)Sep 3 3:59 PMEDT