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Transperfect Acquires Sterling Technology

Aug 29, 2022•almost 3 years ago

Acquiring Company

TransPerfect

Acquired Company

Sterling Technology

New YorkInformation Technology

Description

TransPerfect, the world's largest provider of language and technology solutions for global business, today announced that it has acquired UK-based Sterling Technology, Europe's leading provider of VDR solutions for secure sharing of content, business process automation, and collaboration for high-stakes dealmaking. Financial terms of the transaction were not disclosed.

Company Information

Company

TransPerfect

Location

New York, New York, United States

About

TransPerfect is the world’s largest provider of language and technology solutions for global business. From offices in over 100 cities on six continents, TransPerfect offers a full range of services in 200+ languages to clients worldwide. More than 6,000 global organizations employ TransPerfect’s GlobalLink® technology to simplify management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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