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Lionbridge CEO Rory Cowan talks to Slator about how the USD 360m deal with private equity fund H.I.G Capital came about and how he plans to leverage the company’s balance sheet to play a very active role in industry consolidation.
Capita TI discloses exiting the Ministry of Justice contract will cause revenues to shrink by two thirds. Yappn appoints Palantir exec to advisory board. Activist hedge-fund manager Cooperman double dips on Lionbridge. Xerox says no to merger with RR Donnelley.
Swiss Supreme Court forces federal government to disclose spend on external contractors. Data reveals USD 17m spent on external translation services in 2014, sharply up from 2011. RR Donnelley’s MultiCorpora only language industry-related mention on contractor list.
When important news falls through the cracks, Slator is there to catch it. Meet our news roundup in its Financial Results debut.
As printing giant RR Donnelley splits into three separate listed entities, RR Donnelley Language Solutions, one of the larger language service providers, will find a new home in the yet-to-be formed 1bn USD Financial Solutions company. Existing group’s current CFO Daniel Leib to become CEO.
Only a handful of language service providers are realizing the potential of incorporating virtual data room partnerships and technologies into their offering and picking up extra volumes.
R.R. Donnelley’s compliance products and translation services helped offset lower sales in “Strategic Services” unit in Q3 2015
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