SDL Acquires Idiom Technologies

SDL plc announced that it has acquired Idiom Technologies, Inc for USD 21.7m (£11.1m based on current exchange rate*) plus the assumption of debt and working capital of USD 4.9m (£2.5m). Mike Iacobucci will continue to serve as CEO of Idiom and report to Mark Lancaster, Chairman and CEO of SDL. Idiom will continue to be run as a wholly owned subsidiary of the SDL Group. Idiom's WorldServer is a translation management system used by over 60 global companies worldwide. SDL reports that the acquisition will enhance SDL's GIM technology offering, add a number of blue chip customers to SDL's customer bas, combine technology solutions to provide scale and shared intellectual property, provide a smoother solution for managing the translation supply chain, increase SDL's consultancy, sales and development expertise, and strengthen SDL's position as a leading provider of Global Information Management solutions. www.sdl.com. www.idiominc.com.