TRANSPERFECTS LEGAL PRACTICE GROUP MERGES WITH DEAL INTERACTIVE
World's Third Largest Provider of Web-Based Solutions for Due Diligence Joins Global Business Services Leader
NEW YORK, New York -- TransPerfect, a global leader in technology-enabled solutions for legal professionals, today announced the acquisition of Deal Interactive LLC, the world's third largest provider of web-based solutions for virtual due diligence data rooms that support M&A transactions. Deal Interactive's web-based tools enhance TransPerfect's ability to provide legal, financial, and corporate clients with secure, scalable online repositories that allow for document-sharing during the due diligence process.
"With the global market for M&A predicted to remain robust for the foreseeable future, joining forces with Deal Interactive allows us to offer our clients a more comprehensive set of legal solutions," said Liz Elting, President and CEO of TransPerfect. "We are delighted to have Jordan Ellington, Founder and President of Deal Interactive, as part of our senior management team. Jordan is an industry pioneer with over 20 years of experience helping law firms and financial institutions leverage technology to streamline their business processes."
Jordan Ellington will remain President of TransPerfect's Deal Interactive Division, and will assume the additional post of Vice President of Legal Technology for TransPerfect. Deal Interactive's web-based applications help clients review, manage, and share due diligence documents in a secure virtual data room that enables online collaboration.
"TransPerfect's reputation for providing the highest quality legal support services to a client list which boasts every member of the AmLaw 200, made the company a natural fit for Deal Interactive," stated Ellington. "I look forward to continuing to drive innovation to legal and financial customers, and joining TransPerfect's global team of business services professionals. With 44 offices worldwide, TransPerfect's geographic footprint will allow Deal Interactive to service our increasingly global customer-base even more effectively."
Joint clients of both TransPerfect and Deal Interactive have expressed enthusiasm for the merger. "In our view, TransPerfect's acquisition of Deal Interactive is evidence of their commitment to providing legal customers with more innovation and robust solutions to everyday problems. We look forward to continuing our relationship with the merged entity," said Michael King, Senior Partner of Weil, Gotshal & Manges LLP.
TransPerfect is one of the world's leading providers of language services. With 44 offices on 4 continents, TransPerfect provides a full range of services in over 100 languages to multinationals worldwide. These services include translation, interpreting, transcription, multilingual typesetting/graphic services, staffing solutions, website globalization, software localization, subtitling/voice-overs, multicultural marketing, document management, and litigation support. With a network of over 4,000 linguists and subject-area specialists, TransPerfect is one of only a handful of translation companies to be ISO 9001:2000 certified.