19th Jun 2007 07:01
SDL PLC19 June 2007 19 June 2007 SDL plc Acquisition of Passolo for €2 million (£1.36million) Strengthening of product set with software translation technology Maidenhead, UK - 19 June, 2007. SDL International, one of the leading providersof Global Information Management (GIM) solutions, announced today that it hasacquired PASS Process Automation Software Systems Engineering GmbH ("Passolo"),a provider of sophisticated software translation products. Under the terms of the agreement, SDL will pay €2 million (£1.36 million)*, forPassolo, of which €1 million will be in cash and the balance represented by theissue of up to 160,728 shares in SDL plc. 32,146 shares are being issued atclosing with the balance of the share consideration (the "deferred shares") tobe issued in amounts of 32,146, 48,218 and 48,218 respectively on the firstthree anniversaries of the acquisition date. The release of these deferredshares will be subject to the two Passolo shareholders remaining in theemployment of the SDL group. SDL's acquisition of Passolo will further strengthen SDL's Global InformationManagement offering by adding a leading software localisation product to the SDLsolutions portfolio. Passolo's technology allows for the easy translation ofthe user interface of software products based on Microsoft .NET, which manycompanies use to deliver web-based applications to their customers. Theintegration of the Passolo product set into SDL's Translation Management Systemwill allow customers to access existing Translation Memories and corporateTerminology Mark Lancaster, Chairman and Chief Executive of SDL, said, "Over the years, SDL has built significant expertise in helping its clientslocalise their products and services and the localization of software presentsits own unique challenges. By integrating Passolo into the SDL TMS and the SDLTrados desktop solutions, our customers will improve their localizationefficiency by being able to use a complete solution of translation memory,terminology management and software editing. The integration of softwarelocalization within our TMS solution removes a complex problem and means thatour customers will now have one system to manage both software and documentationcontent. Additionally, Language Service Providers (LSPs) will now benefit frombeing able to accept virtually any client project, ensuring high-quality andconsistency of deliverables." * exchange rate: €1.47: £1 -ends- For further information please contact: SDL plc Tel: 01628 410 127Mark Lancaster, Chief Executive Financial Dynamics Tel: 020 7831 3113Edward Bridges/Juliet Clarke / Haya Chelhot About SDL International SDL International (London Stock Exchange: 'SDL') is one of the leaders in GlobalInformation Management (GIM) solutions that empower organisations to acceleratethe delivery of high-quality multilingual content to global markets. Itsenterprise software and services integrate with existing business systems tomanage global information from authoring to publication and throughout thedistributed localisation supply chain. Global industry leaders rely on SDL to provide enterprise software or hostedservices for their GIM processes, including Audi, Bayer, Best Western, Bosch,Canon, Deutsche Bank, Kodak, Microsoft, Morgan Stanley, Reuters and SAP. SDL hasimplemented more than 150 enterprise GIM solutions, has deployed over 140,000software licenses across the GIM ecosystem and provides access to on-demandtranslation portals for 10 million customers per month. Over 1,000 serviceprofessionals deliver consulting, implementation and language services throughits global infrastructure of more than 50 offices in 30 countries. For moreinformation, visit www.sdl.com. About PASS Engineering The company with headquarters in Bonn, Germany, was founded in 1990 by AchimHerrmann and Florian Sachse. Initially PASS Engineering developed softwaresolutions for medical systems; since the customers in this sector operate on aglobal scale, procedures were developed to enable professional softwarelocalization: PASSOLO was born. The newest version, PASSOLO 6.0, was released inMay 2006 and was voted the most popular software localization tool in aninternational online survey. PASSOLO can process a wide range of software file formats, including executableprogram files as well as resource files and XML. And since PASSOLO does notimpact the program source code, localization can begin during the programmingprocess. Thanks to the integrated translation memory technology, PASSOLO canmake use of previous translations even if they were created using other softwareproducts. PASSOLO is compatible with all available Microsoft .NET developmentframeworks and is multi-user capable. All trademarks are the property of their respective owners. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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