Big New Contracts at Lionbridge

Wade Roush1/28/09

Lionbridge Technologies (NASDAQ: LIOX), the Waltham, MA-based translation services company whose financial performance we questioned in a profile last May, announced yesterday that it has obtained several new multi-year contracts that should shore up revenues by $25 to $30 million a year. The company said it had won contracts with a provider of power services and systems, a maker of manufacturing process optimization software, a broadband communications company, and an online employement provider, among other companies. Lionbridge did not name the new clients.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.