SDL plc announced that it has agreed to acquire the Automated Real Time Translation Division from Transparent Language, Inc. for a total consideration of $9m. The assets being acquired by SDL International include the intellectual property rights to Transparent’s TranscendRT* machine translation technology and related products, including the Enterprise Translation Server, which provide instant language translation of e-mail, web pages, and documents. The consideration will be satisfied with the payment of $1.5m in cash and through the issue of $7.5m in new ordinary shares of 1p each in the Capital of the Company. The division being acquired made a net loss of $3.7 million for the nine months ended 31 December 2000, which reflects the costs of developing and launching the TranscendRT* technology. The acquisition is expected to be completed by 15th February 2001. The Directors of SDL International believe that combining the Enterprise Translation Server’s real time translation technology with SDL International’s products SDLX and SDLWebFlow will enable the Company to provide a complete solution for companies to manage multilingual web site content. The combination of SDL International’s expertise in computer-aided translation via its translation memory product SDLX with the high performance Enterprise Translation Server will provide a commercial solution in the field of automated translation. www.sdlintl.com, www.transparentlanguage.com
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