TransPerfect Merges with Vasont Systems
NEW YORK, NY and EMIGSVILLE, PA, December 11, 2013 – TransPerfect, the world’s largest privately held provider of global language services and related technologies, today announced a merger agreement with Vasont Systems, an industry leader in component content management system (CCMS) software and XML data services.
The combined organization will be able to offer a complete solution for global content authoring and publishing, drawing upon Vasont’s sophisticated technologies and TransPerfect’s best-in-class language services, GlobalLink globalization management software supporting over 170 languages, and existing foothold in the component content management space through its Astoria Software division. Financial terms of the deal were not disclosed.
Pennsylvania-based Vasont will join the TransPerfect family of companies. President and CEO Richard Schiding will continue to lead the Vasont division of TransPerfect as division President.
“Vasont has an impressive record of delivering innovative, technologically advanced solutions to their clients, and it was clear to us that they value and deliver the same high level of client service that we do,” commented TransPerfect President and Co-CEO Liz Elting. “Their software fits nicely with our GlobalLink technology suite, and the integrated solution we’re now able to offer is something that will benefit our clients. We’re delighted to have them join the TransPerfect team.”
“Our primary goal in this merger was to align with a company that allowed us to offer our clients a more robust suite of software and services to help with their creation and management of global content,” said Vasont President and CEO Richard Schiding. “Integrating our technology with the GlobalLink suite and plugging in to TransPerfect’s vast pool of resources and service offerings creates a new world of possibilities for our clients, both current and future.”
With annual revenues of more than $350 million, TransPerfect is the world's largest privately held provider of language services and technology solutions. From offices in more than 80 cities on six continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and EN 15038 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.
About Vasont Systems
Vasont Systems provides component content management software and XML data services to Fortune 1,000 companies and global organizations from a variety of industries, including manufacturing, technology, publishing, financial, and healthcare. Since 1992, Vasont Systems has helped companies organize their critical business assets, manage productivity, and disseminate information in many languages to multiple media channels while reducing their costs by an average of 63% and shortening overall cycle times by 75% on average. Vasont Systems has been named multiple times to the EContent 100 list of “best and brightest digital content companies” and is a member of the TransPerfect family of companies. For more information, visit www.vasont.com.