LIOX 13:19 [LIOX,CSCO] LIONBRIDGE TECHNOLOGIES LANDS CONTRACT WITH CISCO SYSTEMS.
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Lionbridge Lands Contract With Cisco Systems
/FROM PR NEWSWIRE BOSTON 617-482-5355/
TO BUSINESS AND TECHNOLOGY EDITORS:
Lionbridge Lands Contract With Cisco Systems
Estimated $9 Million Agreement Reinforces Lionbridge Leadership
In Multilingual Internet Services
WALTHAM, Mass., Sept. 28 /PRNewswire/ -- Lionbridge Technologies, Inc.
(Nasdaq: LIOX), a provider of multilingual Internet services to global
technology businesses, today announced a three-year services agreement with
Cisco Systems Inc. (Nasdaq: CSCO), the worldwide leader in networking for the
Internet. Lionbridge estimates that this agreement will be worth
approximately $9 million over the three year term. Under the agreement,
Lionbridge will provide a solution for creating and maintaining multiple
language versions of Cisco's Web sites and will streamline the localization
process.
Cisco is the world's largest Internet commerce site, selling more than
$32 million in products every day. To sell and support its products in over
100 countries, Cisco must keep massive amounts of Web content fully up to date
in the local languages of its global customers. Lionbridge will implement its
proprietary LionTrack Enterprise(TM) workflow system to identify changes to
English language content and route them through its global infrastructure of
translators, engineers and Web-publishing specialists. This outsourcing
program will allow Cisco to release its product information, online technical
support, and courseware so that global customers will have Internet access to
constantly updated information.
The program will include the localization of Cisco's Networking Academy
Program, a technology education curriculum that is offered in fifty countries.
Cisco's Networking Academy program has over 2,700 academies worldwide and is
one example of how Cisco is leveraging the Internet to provide Web-based
courseware and programs. Lionbridge will localize Cisco's Networking Academy
curricula into seven languages, eventually scaling to 15 languages.
"We developed LionTrack Enterprise specifically to handle the hundreds of
daily changes typical of large, dynamic Web sites for eCommerce, eSupport and
eLearning," said Rory Cowan, president and CEO of Lionbridge. "The success of
this new system is based on the integration of engineering, language, and
project management expertise with Lionbridge's global infrastructure."
About LionTrack
The LionTrack System is an automated workflow process designed to manage a
high volume of continuous multilingual changes to Web-based knowledge bases.
It is made up of Java-developed workflow and Oracle database software running
on a large Unix enterprise server. The system identifies and extracts new and
modified files and routes them through translation memory software and to the
appropriate translation resources, based on priority, language and workload.
Translated content is then validated by the customer's in-country support
personnel and submitted back to the knowledge base.
About Lionbridge Technologies
Lionbridge Technologies provides testing, localization,
internationalization and other globalization and multilingual Internet
services to the world's leading technology companies, including Cisco, IBM,
Microsoft, Motorola, Novell, Oracle, and Sun Microsystems. Lionbridge's
multilingual eRelease, eSupport, eLearning and eCommerce services are based on
its Rapid Globalization Methodology(TM). The Rapid Globalization
Methodology(TM) integrates engineering, linguistics, testing, and project
management with automated workflow management to enable simultaneous worldwide
release, via the Internet, of products as well as related customer support,
training, and marketing materials. Based in Waltham, Massachusetts,
Lionbridge maintains facilities in Ireland, The Netherlands, France, China,
Korea and Japan. To learn more, visit lionbridge.com.
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements include the estimated
$9 million value of the agreement with Cisco and those regarding current or
future financial performance, management's plans and objectives for future
operations, as well as statements regarding the strategy and plans of
Lionbridge. The forward-looking statements contained in this press release
include any statements containing the words "expects," "anticipates,"
"estimates," "believes," "may," "will," "should" and similar expressions, and
the negatives thereof. Lionbridge's actual experience may differ materially
from that discussed in the forward-looking statement. Factors that might
cause such a difference include the termination of customer contracts prior to
the end of their term, including the termination of the Cisco agreement prior
to the end of its three year term; Lionbridge's dependence on clients' product
releases to generate revenues; the loss of a major client; risks associated
with management of growth; market acceptance of new service offerings; the
failure to keep pace with the rapidly changing requirements of its clients;
Lionbridge's ability to attract and retain key personnel; Lionbridge being
held liable for defects or errors in its solutions; political, economic and
business fluctuations in international markets; as well as risks of downturns
in economic conditions generally, and in the information technology and
software industries specifically, and risks associated with competition, and,
competitive pricing pressures. For a more detailed description of the risk
factors associated with Lionbridge, please refer to Lionbridge's Registration
Statement on Form S-1 on file with the Securities and Exchange Commission.
SOURCE Lionbridge Technologies, Inc.
/CONTACT: Cathy Maloney, Director of Corporate Communications ofLionbridge
Technologies, 781-434-6010, or cathy_maloney@lionbridge.com/
/Web site: lionbridge.com
Sep-28-1999 13:31 GMT
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