Lionbridge, a global leader in translation and localization solutions, confirmed the close of the previously announced sale of its artificial intelligence (AI) division, Lionbridge AI, to TELUS International, a digital customer experience innovator that designs, builds and delivers next-generation solutions for global and disruptive brands. TELUS International is a subsidiary of Canada-based TELUS Corporation (T-TSX; NYSE-TU), a leading communications and information technology company. The transaction closed on December 31, 2020.
Lionbridge AI will complement TELUS International's expanding portfolio of next-generation digital solutions as the organizations team up to support the rapidly advancing field of artificial intelligence. The sale of Lionbridge AI will further Lionbridge's commitment to delivering innovation for its core language customers across technology, life sciences, games, digital commerce and more.
"Combining Lionbridge's AI business with TELUS International's advanced set of digital platforms will create a newly formed company with a unique set of cutting-edge solutions. In addition to enhancing TELUS International's go-to-market strategy, we felt this merger was a very good cultural fit for our talented global team given our companies' shared commitment to employee engagement and well-being," said John Fennelly, CEO of Lionbridge. "I have no doubt that our AI team and their expanding community will continue to thrive as part of TELUS International."
"2021 will mark the 25th anniversary of Lionbridge and there is no better time for us to return to our roots, lead the way in transforming the language space and continue to deepen our relationships with our customers," continued Fennelly. "I'm excited for the possibilities in store as we enter this next chapter and accelerate our focus on innovation, technology and bringing new products and services to market."
Morgan Stanley & Co. LLC acted as financial advisor and Kirkland & Ellis LLP served as legal advisor to Lionbridge in connection with the transaction.
Comments are closed.
May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 August 2022 July 2022 May 2022 February 2022 January 2022 December 2021 October 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 August 2020 July 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 March 2019 December 2018 November 2018 October 2018 September 2018 August 2018 March 2018 January 2018 December 2017 November 2017 October 2017 September 2017
11th annual CEE Business Services Awards
Build it or Buy It?: Outsourcing in Poland and Central Eastern Europe
BSC Directors VIP WineTastings, June-September 2023
BSC Charity Beach Volleyball Tournaments - June and August 2023