Day: June 28, 1999 (Page 2 of 2)

Inso Corporation launched eBusiness Technologies, a division focused on helping mid-to-large- sized organizations achieve their e-business goals. Previously known as the Content Management and Internet Publishing Division, eBusiness Technologies develops and markets solutions and services explicitly designed to enable organizations to create high value and strategic e-business applications. eBusiness Technologies offers its customers DynaBase, the XML object-based platform for automated Web content management and personalized dynamic delivery, and MediaBank, the industry-leading media asset management system. With these applications, eBusiness Technologies provides organizations with the foremost e-business solutions on the market. The mission of eBusiness Technologies is to develop and deliver products, tools, services and best practices that create a trusted environment for controlling on-line information assets, automating production and enabling personalized delivery of content via the Internet. Specifically, these solutions utilize an Internet-based framework that facilitates the on-line creation, accumulation, organization, updating, publication and archiving of all types of information affecting day-to-day operations. www.ebt.com.

Lernout & Hauspie announced it purchased all the stock of the Brussels Translation Group (BTG), a private organization that invested in the development of L&H’s iTranslator services, a family of Internet and Intranet translation solutions. L&H’s iTranslator allows fast translation over the Internet and Intranet using a combination of computer programs and human post editing in a multitude of language pairs (currently 14). The purchase, made for approximately $42 million in cash and the assumption of $17 million in debt, will enable L&H to capture all revenues and profits from the sales of L&H iTranslator. L&H expects the transaction to be dilutive for 1999 and accretive in the year 2000. L&H does not anticipate any write-off of in process research & development. L&H announced in March of this year availability of the L&H iTranslator to ISPs, portals and over corporate Intranets. The new L&H iTranslator offerings leverage the Internet’s fast, simple delivery and communications capabilities to provide more easily accessible, affordable translation to a broader range of users than those who have traditionally purchased L&H translation services. www.lhsl.com.