COLORADO SPRINGS, Colo., Jan. 18 /PRNewswire/ -- LanguageWare.net
(company) Ltd. (OTC Bulletin Board: LWNTF, LWNUF), a leading provider of
global e-business systems over the Internet, completed its acquisition of
Star+Globe Technologies Pte. Ltd., a privately-held Singapore company that
provides proprietary Asian character processing technology for the Web.
The acquisition enables LanguageWare.net to further pursue its global
strategy of developing global Web sites and e-business solutions for customers
serving International markets. As a result of the acquisition, the
wholly-owned subsidiary, WholeTree.com, was formed to bring the technology of
Star+Globe, and LanguageWare.net together to create a comprehensive global
e-business approach with an expertise in the Asian market.
"This acquisition positions LanguageWare.net as a leading developer of
global Web sites," said Todd Oseth, president and CEO of LanguageWare.net.
"LanguageWare.net now can provide the solutions to many problems that arise in
building worldwide Internet sites. Many companies do not understand the
complexity of dealing with the Asian languages and now we have a total
solution."
After the acquisition, Lernout & Hauspie Investment Company N.V. (LHIC)
will remain LanguageWare.net's single largest shareholder. LHIC is an
investment vehicle of Lernout and Hauspie Speech Products N.V. (L&H), a
worldwide leader in speech and linguistic technologies, products and services.
Venture TDF of Singapore becomes the second largest shareholder, and Vulcan
Investments is the third largest shareholder.
About LanguageWare.net
LanguageWare.net is a global e-business provider. Founded in 1988, the
company provides the Internet industry with a leading business-focused
approach that helps companies, their customers, vendors, suppliers and
employees around the world communicate with each other in their native
languages. For additional information visit the company's Web site at
www.languageware.net. |
