Geotext Founders Sue Lionbridge Over Earn-Out From 2015 Acquisition
Founders of legal language service provider Geotext sue Lionbridge, alleging revenues were understated when calculating payments owed them after 2015 acquisition. Continue reading
Tag: Geotext
Industrials Weak, Tech Strong as Lionbridge Posts Q1 2016 Results
Lionbridge posts flat sales for the first quarter 2016, citing weakness among its industrial clients. In marketing translation, it announces a USD 7m deal win, while latest acquisition Geotext... Continue reading
Lionbridge Posts 2015 Revenues of USD 560m, EBITDA of USD 48.6mn
CEO Rory Cowen says Lionbridge continues to reduce reliance on technology buyers, as non-technology accounted for 46% of 2015 revenues. 2016 growth projected at 5-8%. Continue reading
Targeting The Suits: Lionbridge Acquires Geotext Translations
Lionbridge acquires Geotext Translations for $11 million in cash plus earn-out, valuing the New York-based legal LSP at less than 1x revenues and approx. 4x EBITDA Continue reading
Lionbridge Reports Much More Than Just Financials in Q3 2015 Results
LSP giant announces massive share buyback, replaces CFO, and announces acquisition of legal translations LSP Geotext. Continue reading
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