Xconomy Boston

SDL Acquires Idiom Technologies Inc. for $21,700,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=660f10a8-3f4a-4c65-bc8b-55bbc6e8d6e6&Preview=1
Date
2/11/2008
Company Name
Idiom Technologies Inc.
Mailing Address
200 Fifth Avenue Waltham, MA 02451
Company Description
Idiom Technologies, Inc. is the leading provider of globalization management systems. Idiom’s flagship product, WorldServer 6.0, enables global companies to become simultaneous enterprises – able to release content in multiple forms and many languages simultaneously.
Website
http://www.idiominc.com/
Transaction Type
M&A
Transaction Amount
$21,700,000
Transaction Round
Proceeds Purposes
M&A Terms
SDL has acquired Idiom for a consideration of $21.7m (£11.1m*) plus the assumption of debt and working capital of $4.9m (£2.5m*).