Idiom acquired by SDL - Waltham, MA

SDL plc (“SDL”), a leading provider of Global Information Management (GIM) solutions, announced today that it has acquired Idiom Technologies Inc (“Idiom”), one of the leading providers of “Software as a Service” translation management systems. SDL has acquired Idiom for a consideration of $21.7m (£11.1m*) plus the assumption of debt and working capital of $4.9m (£2.5m*). The transaction will see Mike Iacobucci continue to serve as CEO of Idiom, reporting to Mark Lancaster, Chairman and CEO of SDL.

http://www.sdl.com/en/events/news-PR/sdls-technology-division-to-acquire-idiom.asp