TransPerfect Enters into Merger Agreement with AD-COM
NEW YORK and MONTREAL, July 19, 2010 – TransPerfect, the world’s largest privately held language services and software provider, today announced that it has completed a merger with AD-COM, a Montreal-based provider of technical translation services. The transaction expands TransPerfect's presence in Canada, adding a Montreal production hub to the company’s three existing Canadian locations.
AD-COM will become a division of TransPerfect and will continue to be led by Founder and President Claudia Cieri, who will join the TransPerfect senior management team. Cieri is a 20-year veteran of the translation and localization industry.
"We are excited to become part of the TransPerfect family of companies, and proud to become part of one of our industry’s great success stories. The team at AD-COM will continue to provide the quality and service our clients have come to expect, while leveraging the distribution, technology, and global reach that TransPerfect has developed over its 18-year history,” said Ms. Cieri.
Liz Elting, President and CEO of TransPerfect, added, “Our goal with this expansion is not only to better serve our clients in Canada, but also to meet the steadily increasing demand from companies outside Canada looking to address the French Canadian market. After getting to know the CEO and the team during the merger process, we are happy to report that we've found a successful match in AD-COM.”
Founded in 1994 and based in Montreal, Canada, AD-COM provides translation and localization solutions to Canadian government entities, engineering and technology firms, and a wide range of multinational companies. Its many long-term clients are those who value high quality and personal service. While AD-COM’s clients come from a variety of industries, it is especially known for its iGaming localization expertise and high-tech engineering translations. AD-COM is ISO 9001:2008 certified. For more information, please visit www.ad-com.ca.
With revenue of over $220 million, TransPerfect is the largest privately held language services provider in the world. From offices in 62 cities on 4 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. With a global network of over 4,000 linguists and subject-area specialists, TransPerfect is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.