Alchemy Software Development Merges With Translations.com
06/03/2008 19:25
PR Newswire
NEW YORK and DUBLIN, Ireland, March 6 /PRNewswire/ --
- Transaction Joins the World's Largest Provider of Visual Localisation
Software with Global Leader in Software Localisation Services and Technology
Translations.com today announced that the company has merged with Alchemy
Software Development. Translations.com, headquartered in New York with 50
offices worldwide, is a global leader in software localisation and
Globalisation Management System (GMS) technology solutions. Alchemy, based in
Dublin with offices in the US and Germany, is the world's largest provider of
visual localisation technology. Alchemy's flagship technology product,
Alchemy CATALYST, has over 20,000 licenses worldwide and is used by 80% of
the world's largest software development companies. Financial terms of the
deal were not disclosed.
Phil Shawe, President and CEO of Translations.com, stated, "Alchemy's
profitable and proven business model, wealth of technology talent and
growth-oriented management team make them an ideal merger partner. Having
been an Alchemy customer for over five years, we have first-hand experience
with how effectively Alchemy CATALYST technology streamlines the localisation
process. We are committed to building on Alchemy's success and to investing
in future Alchemy software product offerings."
"We are delighted with today's merger announcement," said Tony O'Dowd,
CEO and President of Alchemy. "The combination of our technology with
Translations.com's existing GMS product suite, GlobalLink, will enable our
clients to achieve greater levels of efficiency and scalability in their
localisation processes. Further, Translations.com's unblemished track record
of executing successful industry mergers that not only retain virtually 100%
of their staff and customers, but also allow incoming entrepreneurs to
continue to operate their divisions autonomously, helped us to solidify our
decision to merge."
Alchemy will be run as a division of Translations.com and will continue
to be led by its current President and CEO, Tony O'Dowd, a visionary with
respect to translation-related technology and a 22-year industry veteran.
O'Dowd co-founded Alchemy with Director of Engineering, Enda McDonnell.
McDonnell will also continue in his current capacity. Both O'Dowd and
McDonnell will join Translations.com's senior management team. There will be
no layoffs or staff reductions at either firm as a result of the merger.
A key client benefit of the merger will be the integration of their
complementary technologies. Translations.com develops and markets a family of
GMS (Globalisation Management System) software products, known as the
GlobalLink technology suite, that make translation workflows more efficient
for corporate customers. Alchemy develops and markets Alchemy CATALYST, the
world's most widely used visual localisation environment designed to
streamline the software localisation process, and Alchemy Language Exchange,
a high performance, web-enabled translation memory server application that
allows customers to achieve maximum cost- and time-efficiencies in the
translation process.
About Alchemy Software Development
Alchemy Software Development is the developer of Alchemy CATALYST and
Alchemy Language Exchange. Alchemy CATALYST is the world's most popular
visual localisation technology. Eighty percent of the world's largest
software companies use it to accelerate entry into international markets,
improving revenue growth opportunities and reducing their costs. With over
20,000 licenses worldwide, Alchemy CATALYST is the dominant choice among
professional development companies, localisation service providers and global
technology leaders such as Siemens, Corel, Philips, Canon and Oracle. Alchemy
Language Exchange is used by large enterprises to centralise, manage and
derive value from their language assets via Web Services and integration with
existing processes. Alchemy Software Development has offices in Ireland,
Germany and the United States. For more information, please visit
www.alchemysoftware.ie.
About Translations.com
Translations.com is a leading provider of software, website and
enterprise-wide localisation services, as well as localisation-related
technology products. Translations.com solutions allow customers to conduct
business more effectively in international markets. The company has a global
presence on four continents and services a variety of clients with dedicated
practice groups for every major industry. Translations.com is part of the
TransPerfect family of companies. For more information, please visit
www.translations.com.
Web site: http://www.translations.com
http://www.alchemysoftware.ie
Nathan Richards, +1-212-689-5555 Ext. 262, or Candy Moss, +1-917-617-0448, mediainquiry@transperfect.com, both for Translations.com