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.
