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TransPerfect Acquires Astoria Software
 
TransPerfect, a translation services and technology company, and Astoria Software, a software-as-a-service (SaaS)/on-demand Component Content Management (CCM) software company, today announced that they have completed a merger. The combination of Astoria and TransPerfect will significantly enhance the customer experience for a growing client base that is increasingly interested in achieving the maximum time- and cost-efficiencies in the authoring, translation, and publishing of global content. Financial details were not disclosed. Joe DiSabato, an Astoria board member, shareholder and managing director with Goldman Sachs’ investment group, stated “We have been a long-term investor in Astoria, and have seen the company grow, mature and make a successful transition to a SaaS business model. We believe that the TransPerfect/Astoria team will continue to enjoy great success.”
 
About Astoria
Astoria Software drives efficiencies in dynamic product documentation with on-demand delivery of structured content management. Companies rely on Astoria to meet rigorous market demands - increasing product volumes, accelerating time-to-market, and concurrent global customization. Astoria On-Demand reduces documentation costs up to 90% and compresses product launch cycles from months to weeks. Astoria Software is based in San Francisco, California. For more information, visit www.astoriasoftware.com
 
About Transperfect
TransPerfect is the largest privately held language services provider in the world. From 58 offices on 4 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide.
With a global network of over 4,000 linguists and subject-area specialists, TransPerfect is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com
 
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The merger of these two companies follows a similar trend to the acquisitions made by another global translation services company, SDL, of Trisoft (2008) and XyEnterprise (2009) adding deeper xml based component content management (CCM) technology particularly those built on DITA (Darwin Information Technology Architecture) and for re-purposing multi-lingual content. While a relatively small deal, with Astoria the added bonus is their emerging SaaS capability and strengths in the delivery of complex dynamic product documentation.
In many areas of the ECM, BPM and BPO space, we see consolidation as a strong and continuing trend in 2010. Larger companies will acquire smaller, distressed and healthy companies to drive revenue and earnings far faster than organic growth would allow. In addition, VC's and Investment Bankers are again very active, adding strength to existing portfolio companies and selling underperforming members that they have invested in over time.