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TRANSLATIONS.COM AND WORDFAST STRENGTHEN ALLIANCE IN TRANSLATION MEMORY SOFTWARE DEVELOPMENT

New Agreement Will Focus Development Teams from Translations.com, Alchemy Software Development, and Wordfast on Next-Generation Enterprise Translation Technology

 

NEW YORK, DUBLIN, and PARIS, September 5, 2008 – Wordfast LLC, the second largest provider of translation memory software, and Translations.com, a world leader in enterprise-wide translation workflow solutions, today announced an expansion of their existing alliance. Under the new agreement, the two companies, which began developing compatible tools 24 months ago, will begin a new era of cooperation that will include joint marketing programs, a tighter integration of products, and collaboration with Alchemy Software Development.

This alliance will achieve the common goal of fostering innovation and choice in translation memory and translation workflow solutions. In the near future, corporate customers, agencies, and end-users can expect a far better user experience than the translation-related software tools market currently offers. By providing the three development teams a new level of openness, and enabling them to work more collaboratively, Translations.com, Alchemy, and Wordfast expect to accelerate the pace at which new, compelling, and compatible translation software solutions are made available to consumers. With a combined customer-base of over 30,000 licensed end-users and over 100 enterprise-level corporate clients, the alliance is expected to bring a roadmap of unprecedented clarity to the future of software development in the translation industry.

"This partnership will help unleash the potential of next-generation TM solutions to users around the world. A fresh approach, boosted by the market's desire for choice, will help shape a new computing environment," said Yves Champollion, Chairman and CEO of Wordfast. "Today's announcement is ambitious. Our vision is to develop software that works together in such a way that enterprise customers can employ next generation workflow solutions, while end-users can choose the platform they are most comfortable working in. It's an exciting time for the translation industry."

As part of the agreement, Champollion of Wordfast will work with Translations.com to enhance its existing suite of TM tools. In return for his advisory work, Wordfast will receive an economic interest in future sales of certain Translations.com products.

"Together, we boast 16 technology products that drive innovation to all points of the life-cycle of global content. Not only do we have a collaborative roadmap for product integration, but many customers are actually already running joint solutions," added Tony O'Dowd, President of Alchemy Software Development.

Combined software offerings in the Translations.com/Alchemy and Wordfast alliance include:

The GlobalLink Product Suite

  • GlobalLink Content Director
  • GlobalLink Project Director
  • GlobalLink OneLink
  • GlobalLink On-Line Review
  • GlobalLink Portal
  • GlobalLink Term Manager
  • GlobalLink TM Server
  • GlobalLink TransStudio

ABREVE Content Authoring Environment

  • ABREVE for Microsoft Word

The Alchemy Product Suite

  • Alchemy CATALYST
  • Alchemy PUBLISHER
  • Alchemy Language Exchange

Wordfast

  • Wordfast Classic (for Microsoft Word)
  • Wordfast 6.0
  • Wordfast +Tools
  • Wordfast VLTM

The expanded alliance will further leverage the leadership position of partners with different specialties. Translations.com, Alchemy, and Wordfast all share a long tradition of serving clients that range from the world's leading companies to the individual translator.

"Competition has always fueled innovation and resulted in better, faster, and higher-value solutions for customers. Today, much of the language industry still operates on a code base started roughly 20 years ago for working on DOS. In our relatively small corner of the world that we call the language industry, the high finances of public companies can actually stifle competition and innovation by acquiring promising technology to simply take it off the market. With the strengthening of our alliance, we will provide customers the best choice for their technology investments," concluded Phil Shawe, the CEO of Translations.com.

About Wordfast

Wordfast LLC is the world's second largest provider of translation memory software solutions. The company currently has over 15,000 active customer deployments in the marketplace. Driven primarily by the positive reviews of users and industry experts, Wordfast's client base has grown to include the United Nations, NASA, McGraw-Hill, Nomura Securities, a wide array of educational institutions, and thousands of freelance linguists. For more information, please visit www.wordfast.com.

About Alchemy Software Development

Alchemy Software Development is the developer of Alchemy CATALYST, Alchemy PUBLISHER and Alchemy Language Exchange. Alchemy CATALYST is the world's most popular visual localization technology. Eighty percent of the world's largest software companies use it to accelerate entry into international markets, improving revenue growth opportunities, and reducing their costs. With over 20,000 licenses worldwide, Alchemy CATALYST is the dominant choice among professional development companies, localization service providers, and global technology leaders such as Siemens, Corel, Philips, Canon, and Oracle. Alchemy Software Development has offices in Ireland, Germany, and the United States. For more information, please visit www.alchemysoftware.com.

About Translations.com

Translations.com is a leading provider of software, website, and enterprise-wide localization services, as well as localization-related technology products. Translations.com solutions allow customers to conduct business more effectively in international markets. The company has a global presence on four continents and services a variety of clients with dedicated practice groups for every major industry. Translations.com is part of the TransPerfect family of companies. For more information, please visit www.translations.com.