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SOURCE Lionbridge Technologies, Inc.
Costa Rica-Based Firm Adds Near-Shore Scale and Expertise to Support Lionbridge's Rapidly-growing Global Digital Marketing Offerings
WALTHAM, Mass., May 16, 2014 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has acquired Darwin Zone, a full-service Digital Marketing Services agency based in Costa Rica. Darwin Zone's 70 highly-skilled professionals in digital marketing campaign management, social media, search engine marketing and analytics, enable Lionbridge to add near-shore operations and expertise to support its growing digital marketing services offerings.
"Our digital marketing offerings are a cornerstone of our growth strategy. Global marketers across industries now rely on our proven crowd-in-the-cloud solutions to manage the complexity of real time, digital content, across geographies, platforms and languages," said Rory Cowan, CEO of Lionbridge. "Darwin's ideal combination of skill, geography and cost complements our global capabilities and provides high quality digital marketing services in the time zone of our clients' US marketing teams. This addition also bolsters our presence in Latin America and allows us to efficiently scale our business to meet our clients' evolving digital content needs."
Darwin is an integrated digital agency that enables marketers and advertisers to more effectively create, manage and grow high-impact digital marketing campaigns. Darwin integrates world-class solutions to help marketing organizations run holistic campaigns across multiple channels. The company provides services for several long-standing clients including many brand leaders in the Latin America region.
Lionbridge is acquiring Darwin Zone for a total estimated cash consideration of approximately $2.4 million. The Company expects the acquisition to be neutral to earnings in 2014, including minimal acquisition and integration costs.
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, revenue and earnings related to the acquisition of Darwin Zone in 2014. 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; delays in integration; employee retention following acquisition; the loss of a major client or customer costs associated with and consequential to the acquisition and integration of Darwin and benefits realized from the acquisition 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; 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.
CONTACT: Sara Buda, Lionbridge, 781-434-6190, firstname.lastname@example.org
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