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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Lionbridge To Acquire E5 Systems 0 comments
    Oct 8, 2013 10:39 AM | about stocks: LIOX

    Originally published at

    Lionbridge Technologies Inc. (NASDAQ:LIOX) will acquire application developer and testing solutions company E5 Systems, according to a recent announcement. The transaction, valued at around $3.75M, involves $1.6M cash and the possibility of earning an additional $2.15M, based on performance metrics and payable over a two-year period. This acquisition is important to Lionbridge in that it supports its goals of expanding operations in China in order to meet demand. E5 Systems has personnel based in the United States and China, specifically in Jinan, China, an area between Beijing and Shanghai. Lionbridge CEO Rory Cowan remarked that as more companies rely on Lionbridge, it is necessary to continue growth and the E5 Systems acquisition smartly achieves continued growth in key markets.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: LIOX
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