Lionbridge Snags Multilingual E-Commerce Company
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Lionbridge will issue approximately 9 million shares of its common stock in exchange for all of the outstanding shares of INT'L.com.
Lionbridge (LIOX) plans to create the world's largest provider of solutions for developing and maintaining multilingual Web-based applications. The combined company of 900 employees will operate 16 sites in 10 countries.
Roger Jeanty, INT'L.com founder and chief executive officer, will join Lionbridge as president and will be appointed to the Lionbridge board of directors. Rory Cowan will continue as chief executive officer and chairman of Lionbridge.
"By joining forces with Lionbridge, we will provide our clients with even more comprehensive services, cutting-edge technologies and customized e-business solutions," said Jeanty. "Our expanded worldwide presence will allow us to offer clients a single point-of-contact for the integrated globalization of Web sites, software products, catalogs, marketing campaigns and global e-commerce."