SDL Acquires Idiom for $22m

Feb 12, 2008

SDL plc ("SDL"), a provider of global information management (GIM) solutions, announced that it has acquired Idiom Technologies Inc, one of the providers of "Software as a Service" translation management systems. SDL has acquired Idiom for a consideration of $21.7m plus the assumption of debt and working capital of $4.9m. The transaction will see Mike Iacobucci continue to serve as CEO of Idiom, reporting to Mark Lancaster, chairman and CEO of SDL.