Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced a new connector for Adobe Experience Manager, part of Adobe Marketing Cloud.  The connector integrates Lionbridge’s market-leading translation technology and its 100,000 crowd-based language and content professionals with Adobe’s web content management capabilities.  This enables marketers to work with a single partner to access the most advanced technology-enabled solutions for producing, managing and delivering multichannel digital marketing campaigns in any market and in any language.

This new connector, powered by Clay Tablet, enables Adobe Experience Manager customers to seamlessly route content from the Adobe solution to Lionbridge’s Freeway™ Translation Management Portal.  As a result, clients gain a number of powerful benefits including the ability to:
- Increase website traffic by providing SEO-centric translation across digital marketing channels
- Reduce costs by eliminating unnecessary file transactions and maximizing translation reuse
- Improve time to market globally with web operations as a managed service

“Providing relevant and brand-consistent experiences in today’s digitally connected world is required for any organization to maintain a global presence that is locally relevant,” said Loni Stark, director of product marketing, Digital Marketing, Adobe.  “This integrated offering helps Adobe’s customers to more efficiently create and deliver localized content and experiences to quickly capture new opportunities in world markets.”

Lionbridge Technologies will be demonstrating its Connector for Adobe Experience Manager at Adobe Summit, The Digital Marketing Conference in London, UK from April 24-25, booth number 16.

 “The Lionbridge Freeway Connector for Adobe Experience Manager is the most open and fully featured connector on the market,” said Marc Osofsky, SVP Marketing, Lionbridge.  “By providing an integrated solution that connects our advanced translation capabilities with a world-leading customer experience management technology we are helping clients leverage technology that improves brand perception and customer satisfaction in global markets while reducing costs.”

The Lionbridge Freeway Connector for Adobe Experience Manager enables content editors and translation managers to select any content in the Adobe solution to be sent for translation. The Connector also lets organizations select items for translation at the component level and respects regional variations that are typically created in multi-lingual site environments. The advanced status and reporting features the Connector provides also help marketing and localization teams keep track of their translations jobs so they know when items are sent for translation and when the translations have been completed.

“Clay Tablet is very excited to enable the collaboration between these two luminaries of the digital content world”, noted Clay Tablet CEO Robinson Kelly. “As the demand from marketers worldwide soars for multilingual content and efficient translation processes, Clay Tablet provides the underlying technology that allows these two segment leaders to collaborate and offer unparalleled efficiency and enterprise-class scalability.”

About Lionbridge GMO
Lionbridge’s Global Marketing Operations (GMO)is a suite of global marketing services  that enable global  marketers to outperform competitor search rankings, increase traffic 30-100%, reduce campaign cycle time 30%, and reduce the total cost of global campaign execution by 20%. Through our Global Customer Lifecycle℠ approach, clients see higher search rankings, more traffic and revenue, faster product adoption and satisfaction and increased loyalty. 

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Lionbridge and Freeway are registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world. All other trademarks are the property of their respective owners.

Media Contact:
Sara Buda
Lionbridge
781-434-6190
sara.buda@lionbridge.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced new enhancements to its GeoFluent Community Solution, a real-time translation technology for enterprise social communities.  The new enhancements include an advanced search engine indexing capability that creates and serves multilingual content to search engines from organizations’ existing community sites, including technical support forums, wikis and blogs. This new functionality allows community site visitors to instantly access user content in the English support forum in their own language and engage with other community members across geographies. As a result, enterprises are able to:

• Improve Organic SEO: With GeoFluent, new content can be indexed in multiple languages, providing a significant lift in organic non-English search results.

• Increase Non-English Call Deflection: GeoFluent increases community participation and utilization by allowing every visitor to read and post in their native language, reducing costly service calls.

• Leverage Global “Super Users”: GeoFluent extends the experience and knowledge of subject matter experts across a truly global audience, regardless of language.  This allows Super Users to drive conversation, create a deeper connection and build brand loyalty with community members across geographies.

• Preserve Company Branding: GeoFluent preserves key brand terms, names, glossary and nomenclature to guarantee accurate brand messaging regardless of the language into which the content is translated.

“Many community managers have attempted to create separate communities for every market in every language, but despite an expensive investment in licenses, setup and support, most communities fail to engage the critical mass of users needed to successfully populate these communities,” said Marcus Casal, director of product management at Lionbridge. “With GeoFluent Community Solutions, community managers can more accurately and seamlessly translate both brand content and user generated content into multiple languages in real-time, allowing for up-to-date indexing by search engine crawlers. This ensures all content is instantly available when a user initiates a search in their native language, thereby increasing community traffic by up to ninety-percent for each additional language.”

Leveraging Lionbridge’s deep expertise in translation, GeoFluent couples advanced language processing with sophisticated machine translation through a patent-pending solution that overcomes grammatical errors, shorthand and other linguistic irregularities that prevent wider adoption of traditional machine translation technology. Through partnerships with Lithium, LivePerson, Moxie and Telligent, GeoFluent enables chat solutions, communities, forums, wikis and blogs to support all users, regardless of preferred language, without the cost and complexity of maintaining multiple language specific sites.

About GeoFluent:

GeoFluent, a SaaS offering from Lionbridge, enables companies to effectively support and engage their customers and community members in the customer’s native language. GeoFluent partners with industry leading providers Lithium, LivePerson, Moxie and Telligent to ensure GeoFluent integrates seamlessly with the world’s best chat and community platform technologies.  As a result, enterprises can maximize investments in their existing platforms, increase customer engagement and enhance customer satisfaction in global markets.

About Lionbridge:

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Lionbridge Technologies, Inc. (Nasdaq:LIOX) today announced that it is leading two sessions at the Localization World Conference & Exhibition, the conference for global business strategy, taking place April 10-12 at the Shangri-La Hotel in Singapore. At the conference, Lionbridge will moderate a panel discussion titled, “The New Reality and Future of Asian Localization Business” and will host a roundtable focusing on life sciences market developments in the Asian-Pacific region. Lionbridge is also a Silver sponsor of the conference.

“The Localization World Conference is the destination to learn about new tools, methods and business practices in localization and internationalization,” said Sung Cho, vice president of the Asia and Pacific region for Lionbridge. “We look forward to discussing the increasingly complex localization issues that global business professionals are facing and showing how Lionbridge can help clients increase revenue, adhere to local-market regulations and enhance customer loyalty in Asian markets.”

The two Lionbridge sessions at Localization World Singapore include:

• Life Sciences Business Roundtable. Wednesday, April 10 at 8:30 a.m. Lionbridge’s Account Director of Life Sciences Clio Schils, will host a pre-conference roundtable focusing on the overall life sciences market developments in the Asian-Pacific region, with particular emphasis on the ever-changing industry regulatory requirements and the impact these changes have on product labeling for medical devices.
• The New Reality and Future of Asian Localization Business.  Thursday, April 11 at 11 a.m. Sung Cho, vice president of the Asia and Pacific region for Lionbridge, will moderate a panel that explores the shifts taking place within the localization industry and the relevant issues that Asian companies need to consider.

Localization World Singapore brings together top vendors and experts from around the world who will share their knowledge of how companies can succeed internationally and also reach multicultural and multiethnic audiences within their home countries. In addition to seminars and exhibits, there will be two evening networking events providing opportunities for attendees to establish alliances and partnerships.

For more information or to attend the conference, please visit http://www.localizationworld.com/

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professionals, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency and local relevancy across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

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Lionbridge is a trademark or registered trademark of Lionbridge Technologies, Inc. in the U.S. and throughout the world.  

Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that it has been named a finalist in the third annual Marketo Revenue Performance Excellence Awards. The “Revvies” recognize and celebrate customers and partners that are using Marketo’s marketing automation solutions to push outside the bounds of existing markets and away from entrenched players.

Lionbridge has been named a finalist in the Most Successful Global Revenue Execution category, which measured partners who leveraged the Marketo platform to manage the execution of their marketing programs across multiple geographic regions to increase revenue, global alignment and overall business impact.

Lionbridge’s solutions enable the world’s top brands to manage, adapt, execute and optimize their digital marketing programs in local markets worldwide. Leveraging its experience with Marketo for its own initiatives, Lionbridge recently introduced the Global Email Operations solution, integrating leading technology such as Marketo with Lionbridge’s proven global marketing services to help clients to centrally develop and execute email campaigns across multiple platforms, geographies and languages.

“Our selection as a finalist for the Revvies underscores our focus on deploying innovative, technology-enabled, global digital marketing solutions for our clients,” said Marc Osofsky, SVP of Marketing for Lionbridge.  “In addition to our own benefits of using Marketo, we are also enabling our clients to realize uplift in global campaign performance at less cost than a decentralized approach.”

Revvie finalists were selected based on the following criteria: Innovation, leadership, success metrics and business impact. Finalists will be celebrated on April 10th 2013 at the 2013 Marketo Summit in San Francisco.

“Being a Revvie finalist demonstrates Lionbridge’s thought-leadership and the substantial business impact they’ve accomplished by using Marketo,” Sanjay Dholakia, CMO at Marketo.  “It is the marketer’s time to transform the industry and we are extremely proud of our Revvie finalists for rising and leading this charge. Congratulations to our finalists – we look forward to working with them as they continue to innovate with Marketo.”

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professionals, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com

Media Contact:

Sara Buda
Lionbridge
781-434-6190
sara.buda@lionbridge.com

At this week’s Crowdopolis event in New York, NY, Lionbridge Technologies, Inc. (Nasdaq: LIOX) will present its suite of Data Management solutions for tax processing that allow state governments’ departments of revenue to collect, cleanse and process vital tax data. These tax processing solutions, powered by Lionbridge’s 100,000+ qualified crowd professionals and its secure task management platform, enable departments of revenue to:

• Manage fluctuating workloads that impact revenue departments each tax season.
• Cost-effectively manage the high volume of data processing needs during tax season.
• Capture the tax data necessary to conduct analytics and help close the tax gap.
• Increase local jobs by directing tax processing tasks to qualified professionals within each state’s jurisdictions, rather than outsourcing to third-party providers.

Lionbridge Enterprise Crowdsourcing (ECS) Practice Manager Dori Albert will present on this topic at Crowdopolis on February 28, 2013 at 9:25 a.m. at Digital Sandbox, 55 Broad Street – 4th Floor New York City, NY 10004.

According to the IRS, the estimated annual tax gap is $385 billion dollars which comes from non-filing, under reporting and under payment. According to the U.S. Department of Treasury, the IRS collects $2.4 trillion dollars each tax year from an estimated 234 million tax returns. Despite the proliferation of the Internet, approximately 15 percent or 35 million tax returns are still submitted in paper form.   State governments face similar challenges of closing tax gaps by capturing structured and unstructured data from millions of tax returns and W2s and performing necessary analytics to identify and prevent fraud.

“Typically, workload fluctuations around tax season require departments to hire seasonal staff or work second shifts to accommodate increased demands, which creates logistical headaches and increases costs,” said Martha Crow, Senior Vice President, Global Enterprise Crowdsourcing at Lionbridge. “Lionbridge ECS helps departments capture and cleanse the data allowing them to more effectively and efficiently analyze it, which can save government agencies billions of dollars each year. Our elastic workforce model and secure platform ensures quality, security and efficiency.  As a result, with Lionbridge ECS, state departments of revenue can close the tax gap to increase revenue and reduce costs.”

For more than 10 years Lionbridge ECS has managed tax processing programs for several state governments using a qualified crowd of data conversion specialists and a highly secure task management platform.   With Lionbridge ECS’ Data Management solutions, state governments can convert paper returns and unstructured data into electronic forms—including all data within tax returns and W2s—allowing them to perform analysis on the 35 million paper tax returns being filed every year. In the past, this data capture and cleansing was cost prohibitive and could only be accomplished with costly manual labor models or by utilizing recognition technology that could only provide a partial data set.  Enterprise Crowdsourcing helps agencies close this massive tax gap by capturing structured and unstructured data from returns and W2s which empowers departments to perform analytics that can identify and prevent fraud and result in billions of dollars in tax revenue.

Lionbridge ECS has a unique, technology-enabled solution that provides unparalleled security, breaking the form fields into unrelated, non-contextual snippets prior to leaving the protection of client’s facility.  Then a team of pre-qualified data conversion specialists capture and confirm the data. Once the data is captured and confirmed, the snippets are then reassembled behind the security of the client’s firewall. Sensitive documents never leave the premises in context, ensuring that the sensitive tax data is fully secure.

Lionbridge ECS’ Data Management solutions to improve tax processing include:

• DataCapture– A data entry solution that is 99.99 percent accurate and reduces data entry costs by as much as 40 percent. Clients gain instant access to a 24×7, highly scalable team of remote data conversion specialists using a system designed to ensure 100 percent security.
• Data Enrichment – This solution specializes in expanding clients’ data sets with new content globally, adding new information, meta data tags, attributes and annotations that improve data assets.

• Big Data Cleansing, Classification and Normalization – Lionbridge ECS aggregates all structured and unstructured data into the same format to enable clients to perform their own Big Data analytics. This includes everything from transcribing audio files to digitizing images to adding index tags to data and more to ensure all information is normalized and analytics ready.

About Lionbridge Enterprise Crowdsourcing

Lionbridge Enterprise Crowdsourcing (ECS) is a $150 million practice of Lionbridge Technologies, Inc. Lionbridge’s ECS division is dedicated to leading the next generation of outsourcing by leveraging its secure, enterprise-scale crowdsourcing model to help enterprises increase productivity, maximize workforce elasticity and reduce workforce costs. Its proprietary cloud-based technology platform provides an innovative and secure solution to manage the transformative workflows to quickly drive high-quality task results. This platform, combined with Lionbridge ECS’s global crowd of more than 100,000 educated, pre-qualified professionals, provides a robust crowdsourcing solution that offers optimal results for any business project. For more information, please visit www.thesmartcrowd.com.

About Lionbridge

Lionbridge Technologies, Inc. (Nasdaq: LIOX) is a $457 million provider of globalization solutions.  We provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professionals, we enable more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Waltham, Mass – February 20, 2013 – Lionbridge Technologies, Inc., (Nasdaq: LIOX) today announced a suite of professional crowdsourcing offerings that enable enterprises to increase productivity, maximize workforce elasticity and reduce costs through a highly flexible workforce model. The new offerings, which include data management as well as in-country testing, user generated content translation and custom crowd solutions, extend Lionbridge’s proven 15-year track record of providing professional, crowd-enabled solutions for hundreds of the world’s leading brands.  To view a video detailing these new solutions and the benefits to enterprises please visit this link.

Through its dedicated Enterprise Crowdsourcing (ECS) practice, Lionbridge is introducing these solutions to bring new value to large enterprises, including the ability to:

• Maximize Scalability by providing immediate access to pre-qualified private crowds of more than 100,000 professionals across 110 countries, from globally broad communities to geographically narrow teams.
• Enhance Productivity by assembling the right combination of cost, capability and skill on demand for any project. As a result, enterprises can accelerate cycle time to complete tasks by up to 200 percent. 
• Optimize workforce flexibility with a fully elastic and highly scalable model to accommodate work fluctuations and reduce costs.
• Minimize costs by reducing labor spend by an average of 30 percent.
• Ensure security by using a proven, secure enterprise task management platform to complete business projects.
• Deliver quality and continuous quality improvement through a proven Quality Control and Audit Framework.

In a recent webinar on crowdsourcing, Lee Irwin, Market Readiness Team Leader, at Nokia Entertainment worked directly with Lionbridge on a crowdsourcing solution for in country testing.  According to Irwin “Lionbridge tested the end-user experience of our products and services across more than 25 global locales. Using Lionbridge’s in-country management team and its crowd of professionals, we successfully tested our products across applications and payment types. This demonstrates the depth and scale of the Lionbridge crowdsourcing solution.”

Through its secure, cloud-based task management platform and its pre-qualified crowd of more than 100,000 skilled professionals, Lionbridge ECS now offers the following Enterprise Crowdsourcing solutions specifically designed to fit enterprise needs:

• Data Management Solutions – These solutions apply human intelligence to data management tasks while minimizing labor costs for organizations, making clients leaner, more flexible and more competitive. Specific offerings within Lionbridge ECS’ Data Management Solution include:

o DataCapture– A data entry solution that is 99.9 percent accurate and reduces data entry costs by as much as 40 percent. Clients gain instant access to a 24×7, highly scalable team of remote data conversion specialists using a system designed to ensure 100 percent security.

o Data Enrichment – This solution specializes in expanding clients’ data sets with new content globally, adding new information, meta data tags, attributes and annotations that improve data assets.

o Big Data Cleansing, Classification and Normalization – Lionbridge ECS aggregates all structured and unstructured data into the same format to enable workers to perform Big Data analytics. This includes everything from transcribing audio files to digitizing images to adding index tags to data and more to ensure all information is normalized and analytics ready.

• Testing Solutions – Lionbridge ECS’ Testing solution is designed to help product managers with web and mobile, device, user experience and functional testing needs to simplify and speed-up the testing process. It leverages global capabilities to source crowds capable of testing everything from hot spots to transactions to geolocation accuracy, all while providing organizations with consistent reporting and immediate response times.

• Translation for User-Generated Content – Lionbridge ECS’ Translation solution aggregates, evaluates and translates user generated content for a global audience, giving marketers a cost-effective way to connect with customers across the globe and drive worldwide revenue. By utilizing in-country, bi-lingual content specialists rather than professional translators, Lionbridge ECS provides a cost-effective solution for user generated content such as user reviews, product reviews and social media, while ensuring the content is locally-relevant in any geography.

• Custom Crowd Solutions – Lionbridge ECS can customize a Crowdsourcing solution that ensures clients have a highly qualified crowd on demand only when they have work to accomplish. These workers are screened to fit, highly educated, multi-lingual and are sourced from more than 100 countries around the globe and leverage a secure proprietary, web-based platform which distributes the work, balances workload and ensures quality.

As detailed in Lionbridge’s recent white paper on crowdsourcing, growth in the global Enterprise Crowdsourcing market is accelerating. According to Massolution, the research arm of crowdsourcing.org, in 2011 the growth rate of the enterprise crowdsourcing market was 75 percent, exceeding 2010’s market growth of 53 percent.

“Traditional outsourcing models are unable to scale up and down to accommodate fluctuations in workloads and today’s business needs.  At Lionbridge ECS, we are leading the charge of the next generation of outsourcing with a new elastic model that enables enterprises to increase productivity while reducing business costs.  As a result, our professional crowdsourcing offerings are able to meet all of the changing demands of the modern enterprise,” said Martha Crow, Senior Vice President, Global Enterprise Solutions at Lionbridge. “With the combination of our proven customer success and the global Lionbridge name, we are able to provide our clients with the most comprehensive and best-in-class Enterprise Crowdsourcing solutions available today.”

About Lionbridge Enterprise Crowdsourcing
Lionbridge Enterprise Crowdsourcing (ECS) is a $150 million practice of Lionbridge Technologies, Inc. Lionbridge’s ECS division is dedicated to leading the next generation of outsourcing by leveraging its secure, enterprise-scale crowdsourcing model to help enterprises increase productivity, maximize workforce elasticity and reduce workforce costs. In 2012, Lionbridge’s ECS division achieved over $150 million in revenues, serving clients across a range of industries. Its proprietary cloud-based technology platform provides an innovative and secure solution to manage the transformative workflows to quickly drive high-quality task results. This platform, combined with Lionbridge ECS’s global crowd of more than 100,000 educated, pre-qualified professionals, provides a robust crowdsourcing solution that offers optimal results for any business project. For more information, please visit www.thesmartcrowd.com.

About Lionbridge
Lionbridge Technologies, Inc. (Nasdaq: LIOX) is a $457 million provider of globalization solutions.  We provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professionals, we enable more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.
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Contact Info:
Sara Buda
Lionbridge Technologies, Inc.
sara.buda@lionbridge.com
+1-781-434-6190

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced financial results for the fourth quarter and year ended December 31, 2012.

Financial highlights for FY 2012 include:

• Revenue of $457.1 million, an increase of $29.3 million or 7% from the year ended December 31, 2011.  
• GAAP net income of $11.3 million or $0.19 per share based on 61.1 million fully diluted shares outstanding.  This marks an increase of $9.6 million or $0.16 per diluted share compared to FY 2011.  FY 2012 GAAP net income includes restructuring and other charges of $8.2 million or $0.13 per share.
• Non-GAAP adjusted earnings of $27.9 million or $0.46 per share, an increase of $15.0 million or $0.24 per diluted share compared to FY 2011. The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and acquisition-related costs, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure. 
• Cash flow from operations of $18.9 million, an increase of $9.1 million year-on-year. 
   

Business highlights for FY 2012 include:

• Secured more than 20 new engagements with world-leading brands across industry sectors including entertainment, manufacturing, banking, pharmaceuticals, retail, aerospace, digital marketing, government, automotive and travel.
• Announced and closed two acquisitions to support the Company’s vertical market expansion and its enterprise crowdsourcing strategy.  In June 2012, Lionbridge acquired Productive Resources, LLC (PRI), an Indiana, US-based provider of technical engineering and documentation solutions to clients in the manufacturing and industrial sectors.  In November 2012, Lionbridge announced the acquisition of Virtual Solutions Inc., a provider of crowdsourcing solutions to state and local governments. The Company funded these two acquisitions with existing cash resources and $10 million of debt from its revolving line of credit.  In 2012, the Company paid down $8 million of debt related to these acquisitions. 
• Successfully scaled its new Global Marketing Operations (GMO) service offering aimed at helping global marketing executives manage and optimize digital marketing campaigns in international markets. This new service offering grew more than $10 million as compared to FY 2011.
• Announced that its Board of Directors has authorized a share repurchase program allowing the Company to repurchase up to $18 million of the Company’s common stock.

“2012 marked a turnaround year for Lionbridge as we re-energized our sales teams with new offerings and new vertical markets.  With this strong new business momentum and ongoing growth from our existing recurring revenue relationships, we delivered on our commitment to increase revenue and to accelerate our profitability across end markets,” said Rory Cowan, CEO, Lionbridge.  “Most importantly, we extended our track record of strong earnings growth year-on-year.  As a result, we are well positioned for ongoing revenue and profit expansion in 2013.”

Highlights for the fourth quarter ended December 31, 2012 include:

•  Revenue of $113.8 million, an increase of $6.4 million or 6% from the fourth quarter of 2011.
• GAAP net income of $3.0 million or $0.05 per share based on 62.6 million fully diluted shares outstanding.  GAAP net income for the fourth quarter of 2012 includes restructuring and related charges of $962,000 or $0.02 per share. Excluding restructuring and related charges, fourth quarter net income was $4.0 million or $0.06 per share.
• Non-GAAP adjusted earnings of $6.3 million or $0.10 per share, an increase of $1.4 million or $0.02 year-on-year compared the fourth quarter of FY 2011.   The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and related costs, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure. 

The Company provided an outlook for the first quarter of 2013 with revenue of $115-118 million with ongoing profit expansion year-on-year.  It also reiterated its expectations for FY 2013 revenue growth of 6-10% and significant growth in income from operations.
Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 800-857-9821 and international callers can dial 210-234-0023.  The pass code for the call is Lionbridge.  The conference call will also be available live via the Internet by accessing this link. 
Non-GAAP Financial Measures
In this release, the Company’s adjusted earnings, adjusted earnings per share, net income excluding restructuring and other charges and net income per share excluding restructuring and other charges are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations. These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings,” “Adjusted Earnings per Share (EPS),” “Net income excluding restructuring and other charges” and “Net income per share excluding restructuring and other charges” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure for these measures are net income and diluted net income per share and has provided a reconciliation of GAAP net income to adjusted earnings, adjusted earnings per share, net income excluding restructuring and other charges and net income per share excluding restructuring and other charges at the end of this release.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance, expected revenue and operating profit (income from operations) growth and outlook, and the momentum, pace and strengthening of such growth, of Lionbridge in Q1 2013 and FY 2013, and increase in demand for its new programs. These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially affect Lionbridge’s business; Lionbridge’s ability to expand its relationships with existing clients; Lionbridge’s ability to broaden its client base; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the ability of Lionbridge to realize the expected benefits of its technology initiatives and acquisitions and the timing of the realization of such benefits; errors, interruptions or delays in SaaS-based technology or Web hosting; breaches of security measures; risks associated with the financial aspects of the subscription model utilized in connection with the its SaaS-based technology offerings; the cost, complexity, timing and speed of continued development and enhancements of real-time machine translation technology initiatives, including customer and user acceptance of the Company’s services and technologies; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to integrate acquisitions and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities; longer collection cycles in particular jurisdictions; risks associated with competition; Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings.  For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov.

Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced a partner program for its Global Marketing Operations (GMO) solution. With the program, Lionbridge will integrate market-leading marketing technology solutions from partners including ActiveStandards, BrightEdge, Dotsub, PlyMedia and Sitecore with its GMO services. As a result marketers can now work with a single partner to access the most advanced technology-enabled solutions for producing, managing and delivering multichannel digital marketing campaigns and content in local markets worldwide.

The chosen partners represent the top companies in SEO management, video translation, web content management, marketing automation, web analytics and web quality management. By combining these market-leading technologies with Lionbridge GMO solutions, clients gain access to best of breed technology as part of their GMO solutions. As a result, enterprises can enjoy powerful benefits including the ability to:

• Increase search engine traffic across all global markets
• Ensure global consistency and local relevance in campaign design, copy and localization
• Reduce cycle times to rollout global campaigns and product launches
• Support powerful analytics on tens of thousands of keywords, millions of pages, and billions of backlinks across global markets worldwide
• Attract and target website visitors with personalized content, multivariate testing and integrated campaigns across geographies
• Localize videos (captions, subtitles & transcripts) for live and on-demand video
• Optimize the quality and compliance of web properties globally

“Marketing organizations often struggle to implement and manage global marketing programs across numerous, technology systems,” said Marc Osofsky, SVP Marketing of Lionbridge. “The combination of our innovative partner technologies with Lionbridge’s global resources, program management processes and proven global marketing services enable CMOs to streamline their global marketing ecosystem and provide consistent, relevant experiences in any market and in any language.”

The Global Marketing Operations (GMO) partnership solutions include:

• Best practice operational processes on each platform
• Fully bundled technology in a usage fee model
• Pre-integration to Lionbridge GeoFluent real-time translation suite
• Trained offshore resources on chosen platform

Initial partners in the GMO partner program include ActiveStandards, BrightEdge, a global leader in enterprise SEO, Dotsub, a provider of systems for creating and viewing subtitles for videos in multiple languages, PlyMedia, a leader in the development, deployment and service of technology platforms for digital advertising and online media content and Sitecore, a leading web content management and customer experience management software company.
“Delivery of a successful digital strategy in today’s highly competitive and increasingly complex global marketplaces requires underpinning by good quality websites and digital interactions” said Simon Lande, CEO, ActiveStandards. “By integrating ActiveStandards Web Quality Management, Lionbridge is ensuring their customers continuously benefit from industry best practice and create high quality user experiences, helping them to achieve successful global customer engagement programs.”

“Companies increasingly seek global, enterprise-scale SEO and need a platform and global services to match to execute their strategies,” said Brad Mattick, VP Marketing at BrightEdge Technologies, Inc. “The combination of the highly scalable BrightEdge SEO platform with the Lionbridge GMO global sourcing model delivers a compelling solution for marketers seeking to rapidly achieve global enterprise scale.”

“Video for global content marketing is growing exponentially,” said Michael Smolens, Founder & Chairman of Dotsub. “Lionbridge is the first leading translation firm to offer a faster, cheaper video translation and captioning model for their clients.”

“Marketers have a significant set of challenges – including translation of content and campaigns across websites, global program management, building and managing a network of outsourcers, and more,” said Amar Patel, Senior Technology Partner Manager, Sitecore. “By extending our partnership with Lionbridge, our customers can now deliver translated, localized multichannel marketing campaigns and web content faster and with less third-party involvement.”

The global digital marketing solutions are all available today.

About Lionbridge GMO
Lionbridge’s Global Marketing Operations (GMO) is a suite of global marketing services that enable global marketers to outperform competitor search rankings, increase traffic 30-100%, reduce campaign cycle time 30%, and reduce the total cost of global campaign execution by 20%. Through our Global Customer Lifecycle℠ approach, clients see higher search rankings, more traffic and revenue, faster product adoption and satisfaction and increased loyalty.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

SUPPORTING RESOURCES:
• For more information on Lionbridge Global Marketing Ops services portfolio, visit: www.globalmarketingops.com.
• On Twitter, follow @GlobalMktgOps
• Visit the Lionbridge GMO Facebook page www.facebook.com/GlobalMktgOps to join the conversation
• Visit the Lionbridge GMO blog to stay up-to-date on industry insights http://blog.lionbridge.com/marketing

PRESS CONTACTS
Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com
+1-781-434-6190

Tim Hurley/Emily Snyder
Matter Communications
thurley@matternow.com
esnyder@matternow.com
978-499-9250

Lionbridge Technologies, Inc. (Nasdaq: LIOX), a leading provider of translation solutions today announced that it has expanded its relationship with LivePerson, Inc.(Nasdaq: LPSN), a provider of real-time intelligent engagement solutions. As an extension of the sales and marketing partnership between the two companies, LivePerson now features GeoFluent  to support its international clients that contact LivePerson’s support center.  GeoFluent for LivePerson Chat is an integrated, cloud-based chat translation application that gives contact centers and enterprises on-demand, quality translation within their existing LivePerson chat application. LivePerson has also offered the GeoFluent for LivePerson Chat integrated solution for deployment by LivePerson customers since 2011.

LivePerson’s customer support organization supports more than 8,500 LivePerson clients globally. By featuring GeoFluent for LivePerson Chat within the customer center on liveperson.com, clients can engage with LivePerson agents online in real-time in multiple languages.  This allows LivePerson to enhance its customer support experience and create more meaningful connections with its customers across languages and locations.

“As we began talking to our customers and prospects about GeoFluent for LivePerson Chat, we realized the solution offers a terrific opportunity for us to enhance our own online customer support,” said Ranny Nachmias, VP Customer Support for LivePerson.  “During our evaluation it was clear that GeoFluent provides a fully integrated solution with high quality translation and an excellent customer experience.  By leveraging GeoFluent within the customer center on liveperson.com, we offer a real-world example of how we help organizations meaningfully connect with consumers in real-time, across multiple channels.”

GeoFluent for LivePerson Chat is an integrated, real-time translation solution that allows chat agents to engage with customers in multiple languages in real time within their existing LivePerson Chat application.  As a result, organizations can facilitate faster time to purchase through proactive multilingual engagement, and reduce global support costs through effective online customer care.  For more information about GeoFluent for LivePerson Chat please visit this link.

“Lionbridge and LivePerson have a shared commitment to helping clients enhance customer loyalty, increase conversions, and drive greater value to their businesses,”  said Rory Cowan, CEO of Lionbridge.  “GeoFluent is already providing tangible business benefits for LivePerson as their clients gain a powerful customer experience through on-demand multilingual chat anytime in any geography.”

View a demo of GeoFluent Chat here or listen to a webinar with LivePerson and Lionbridge to hear more about the opportunities for customized multilingual chat.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

About LivePerson
LivePerson, Inc. (Nasdaq: LPSN) offers a cloud-based platform that enables businesses to proactively connect in real-time with their customers via chat, voice, and content delivery at the right time, through the right channel, including websites, social media, and mobile devices. This “intelligent engagement” is driven by real-time behavioral analytics, producing connections based on a true understanding of business objectives and customer needs. More than 8,500 companies rely on LivePerson’s platform to increase conversions and improve customer experience, including Hewlett-Packard, IBM, Microsoft, Verizon, Sky, Walt Disney, PNC, QVC and Orbitz.
LivePerson received the CODiE award for Best Content Management Solution in 2012 and for Best Ecommerce Solution in 2011, and has been named a Company of the Year by Frost and Sullivan in 2011.  LivePerson is headquartered in New York City with offices in San Francisco, Atlanta, Tel Aviv, London and Melbourne.

For more information, please visit www.liveperson.com. To view other press releases about LivePerson, please visit pr.liveperson.com.

Contacts:
Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com

Erin Kang
LivePerson
Ekang@liveperson.com

###

Lionbridge and Lionbridge GeoFluent, are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world.

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that Thomas Cook Online has selected Lionbridge as its partner for web translation.  Lionbridge will provide a comprehensive global online content solution for Thomas Cook Online, including Global Web Operations, Transcreation, Content Creation and Localization.  This will enable Thomas Cook, one of the world’s best-known online travel providers, to drive incremental revenue through the online channel by providing timely, accurate and relevant multilingual content that is search optimized in global markets.

“Lionbridge’s extensive global team, coupled with unrivalled expertise and depth of experience in translation methodologies made it the optimal partner for Thomas Cook Online,” said Natalie Bird, Localization Manager, Thomas Cook Online.  “Lionbridge’s dedicated linguistic, search optimization, quality assurance and project management professionals and their extensive travel and hospitality sector experience will enable us to achieve our goal to make Thomas Cook the leading online destination for travel worldwide.”

Global brands struggle with the complexity and time required to manage operations across geographies, cultures and technical architectures.   Lionbridge solves this challenge by providing a complete outsourced solution that combines in-country knowledge and expertise, program management excellence and innovative technology into an integrated, cohesive program for managing online marketing initiatives.   Lionbridge delivers effective global marketing solutions for global brand leaders across industries.  These organizations have reported significant business value attained through deeper customer engagement at local levels.

“Thomas Cook’s selection of Lionbridge is yet another example of our proven ability to integrate content marketing, language expertise and technology innovation to solve global customers’ most pressing business issues,” said Marc Osofsky, SVP of Marketing, Lionbridge.  “By outsourcing to Lionbridge, Thomas Cook can retain its focus on the creative aspects of its online content programs while taking advantage of our in-market intelligence and global scale.”

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency and local relevancy across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

—
Lionbridge is a trademark or registered trademark of Lionbridge Technologies, Inc. in the U.S. and throughout the world.

Contacts: 
Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has signed a definitive agreement to acquire Virtual Solutions, Inc., a privately-held provider of crowdsourcing solutions to state and local governments.  The addition of Virtual Solutions enables Lionbridge to address growing demand for secure, technology-enabled enterprise crowdsourcing solutions that leverage a pre-qualified global talent pool or “private crowd” and a highly-secure technology platform to manage and complete business projects.

As one of the original enterprise crowdsourcing companies, Lionbridge has more than a decade of expertise in managing a virtual network of professionals across more than 100 countries, from globally broad communities to geographically narrow teams.  By adding Virtual Solutions’ proven platform for task management, Lionbridge will provide clients with a complete, technology-enabled enterprise crowdsourcing solution that assembles the right combination of cost, capability and skill for any project, from simple data entry to complex data processing.

“The cloud has fundamentally changed the nature of work and disrupted conventional BPO and staffing models,” said Rory Cowan, CEO of Lionbridge. “Organizations across industries are increasingly turning to enterprise crowdsourcing as a proven business solution that offers significant cost advantages, greater flexibility and faster access to a larger pool of globally distributed qualified resources.  We will leverage Virtual Solutions’ unique skills in the area of government services and their highly secure task management platform to broaden our crowdsourcing capabilities into new markets and new applications as we accelerate our growth in 2013 and beyond.”

Virtual Solutions provides its clients with a secure, highly-scalable technology-enabled workforce that is available on demand. The Company’s award winning vcapture solution is used by state and local governments throughout the US to effectively manage and deliver labor-intensive tasks at scale, such as data entry and content creation in a highly-secure platform.

“Becoming part of Lionbridge enables Virtual Solutions to extend our market-leading platform to more than 800 world-leading organizations that rely on Lionbridge to address their global content and technology needs,” said Robert J. Robinson, CEO of Virtual Solutions. “Global crowdsourcing is gaining adoption across industries.  Together we will capitalize on this opportunity and drive new value for our clients.”

Experts agree that crowdsourcing is emerging as a powerful delivery model for large enterprises.  Crowdsourcing.org via its research arm, Massolution, an advisory, data and research firm specializing in the design and implementation of enterprise crowdsourcing and crowdfunding models, recently published a report, “Enterprise Crowdsourcing: Market, Provider and Worker Trends”. The study revealed that enterprise crowdsourcing continues to demonstrate aggressive and accelerating growth as crowdsourcing models are adopted more broadly by large enterprises.

“With increased proliferation of highly scalable cloud based technologies, we are observing the increasing democratization of labor into the cloud” said Carl Esposti, CEO of Massolution and founder of Crowdsourcing.org. “Leading enterprise crowdsourcing providers such as Lionbridge are driving this transformation, disrupting traditional captive labor based models via specialized platforms that provide on-demand access to cloud based labor and expertise.”

Lionbridge expects to acquire Virtual Solutions, Inc. for a total estimated purchase consideration consisting of $3.6 million to be paid upon closing using Lionbridge’s existing cash resources, $1.0 million of deferred cash consideration, and a $3.0 million earn-out potential payable in cash over the course of three years, subject to the attainment of certain annual revenue metrics.

The Company expects the acquisition to contribute modestly to earnings in 2013 including minimal acquisition and integration costs.

About Lionbridge
As the world’s largest enterprise crowdsourcing company, Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our proprietary cloud technology platforms and our global crowd of more than 100,000 professional cloud workers we provide translation, online marketing, content management and application testing solutions that ensure global consistency and local relevance across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements 
This press release contains forward-looking statements that involve risks and uncertainties, including expectations for accretion, revenue and earnings related to the acquisition of Virtual Solutions for 2013. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the termination of customer contracts prior to the end of their term; integration expense; Lionbridge’s dependence on clients’ product releases and production schedules to generate revenues; the loss of a major client or customer; the size, timing and recognition of revenue from major clients; customer delays or postponements of services; risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; Lionbridge’s ability to attract and retain key personnel; costs associated with and consequential to the acquisition and integration of Virtual Solutions and benefits realized from the acquisition; risks associated with competition and competitive pricing pressures; and Lionbridge’s ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov).

Contact:
Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com
+1-781-434-6190

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced financial results for the quarter ended September 30, 2012.  Financial and business highlights for the third quarter include:

• Revenue of $112.1 million, an increase of $4.5 million or 4% from the quarter ended September 30, 2011.  In constant currency with Q3 of 2011, the Company’s revenue grew $8.7 million or 8% year-on-year.
• Q3 GAAP net income of $4.1 million, or $0.07 per share based on 61.5 million fully diluted weighted average common shares outstanding.
• Q3 Non-GAAP adjusted earnings of $6.5 million or $0.11 per diluted share.  The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and related costs, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.
• Cash flow from operations of $13.0 million during the quarter.
• An ending cash balance of $27.7 million. During the quarter the Company paid down $4.0 million of debt.

Lionbridge recently secured several new client programs, including engagements with a global leader in entertainment technologies, a manufacturer of commercial vehicles and engines and a leading banking and payment services company.

For the first nine months ended September 30, 2012 the Company reported revenue of $343.4 million, an increase of $22.9 million or 7% from the first nine months of 2011.  In constant currency with the first nine months of FY 2011, the Company’s revenue grew $32.2 million or 10% year-on-year.

Year to date GAAP net income for the period ended September 30, 2012 was $8.3 million or $0.14 per diluted share, an increase of $9.6 million or $0.16 per diluted share from the first nine months of 2011.

“The third quarter marked another positive quarter of revenue and earnings momentum.  Our strategy for growth continues to show positive results despite pockets of uncertainty in the technology sector.  Our new offerings and new verticals are enabling us to expand our value across our clients’ global customer experience,” said Rory Cowan, CEO, Lionbridge.  “With our growing base of recurring revenue and our efficient cost platform we are growing our business and increasing profitability.  As a result, we are confident in our opportunities for revenue and profit expansion in 2013 and beyond.”
Separately the Company announced today that its Board of Directors has authorized a share repurchase program allowing the Company to repurchase up to $18 million of the Company’s common stock.

“The investments we’ve made during the past 12 months are enabling us to expand our business across end markets,” continued Cowan. “The authorization of the share repurchase program underscores our confidence in our near and long-term opportunities for growth.”

The Company provided updated revenue expectations for the fourth quarter with estimated revenue of $112-$115 million.

The Company provided a preliminary outlook for FY 2013 with estimated revenue growth of 6-10% compared to expected FY 2012 and significant growth in income from operations.
Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 800-857-9821 and international callers can dial 210-234-0023.  The pass code for the call is Lionbridge.  The conference call will also be available live online.

Non-GAAP Financial MeasuresIn this release, the Company’s adjusted earnings and adjusted earnings per share, are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations.  These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings” and “Adjusted Earnings Per Share (EPS)” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance.  Management believes the most directly comparable GAAP financial measure for adjusted earnings and adjusted earnings per share are net income and net income per share, respectively, and has provided a reconciliation of adjusted earnings and adjusted earnings per share to net income (loss) at the end of this release.

In addition, the Company presented revenue in constant currency terms, which excludes the effect of currency fluctuations between the U.S. dollar and the functional currency of the entity in which the revenue was transacted.  The effect of currency fluctuations is excluded by translating the applicable period’s local currency revenue into U.S. dollars using the average local currency exchange rates that were in effect during the applicable prior period of comparison.  Constant currency revenue is a Non-GAAP financial measure and should not be viewed as alternative to GAAP revenue.  Management reviews and analyzes revenue excluding the effect of foreign currency translation because it believes this better represents the Company’s underlying business trends.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking StatementsThis press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance and expected revenue and operating profit (income from operations) growth and outlook, and the momentum, pace and strengthening of such growth, of Lionbridge in Q4 2012 and FY 2013. These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially reduce revenue and cash flow and adversely affect Lionbridge’s business; Lionbridge’s ability to expand its relationships with existing clients; Lionbridge’s ability to broaden its client base; the ability of Lionbridge to realize the expected benefits of its technology initiatives and acquisitions and the timing of the realization of such benefits; market acceptance of and customer demand for the Company’s SaaS-based technology offerings, including Translation Workspace and GeoFluent; errors, interruptions or delays in SaaS-based technology or Web hosting; breaches of security measures; risks associated with the financial aspects of the subscription model utilized in connection with the its SaaS-based technology offerings; the cost, complexity, timing and speed of continued development and enhancements of real-time machine translation technology initiatives, including customer and user acceptance of the Company’s services and technologies; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to integrate Productive Resources, LLC and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities; longer collection cycles in particular jurisdictions; risks associated with competition; Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings.  In addition, there are risks and uncertainties related to the share repurchase program, including the availability of sufficient shares at appropriate prices, the development of alternative uses for the Company’s funds, and changes in market and other conditions.  For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov

Contact: 
Sara Buda
Lionbridge Technologies, Inc.
(781) 434-6190
sara.buda@lionbridge.com

Under the program, the Company’s common stock may be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market, through block trades or in privately negotiated transactions as permitted under Securities Exchange Act of 1934 Rule 10b-18 . The amount of shares purchased and the timing of the purchases will depend on a number of factors, including trading price, trading volume and general market conditions, as well as on working capital requirements, general business conditions and other factors, including alternative investment opportunities.
About Lionbridge
Lionbridge (Nasdaq LIOX) enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
Statements made in this press release regarding the Company’s share repurchase program, expected customer demand for the Company’s technologies, products and services, and future revenue and earnings performance are forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things, sufficient shares may not be available at appropriate prices, alternative uses may develop for the Company’s funds, and market and other conditions may change.  In addition, anticipated customer demand for the Company’s products and services may change due to changing customer strategies or priorities, competing technologies or services, or other external business or economic conditions.  These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements.  For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov

Contact
Sara Buda
Lionbridge Technologies, Inc.
(781) 434-6190
sara.buda@lionbridge.com

Lionbridge Technologies, Inc.  (Nasdaq: LIOX) and Telligent, a leading provider of social community software for the enterprise, today announced real-time translation for Telligent’s industry-leading social platform. GeoFluent® for Telligent, an integrated translation solution for enterprise social communities, enables organizations to build and maintain flexible, high value, multilingual communities.

GeoFluent for Telligent integrates Lionbridge’s SaaS-based customized real-time translation technology with Telligent’s suite of enterprise social applications. This multilingual solution addresses the needs of Telligent’s global customer base and provides enterprises several compelling business benefits including the ability to:

• Deflect Expensive In-Country Support Calls by providing online forums, blogs and wiki’s where customers can access information regardless of language or geography
• Expand Global Community Participation by enabling customers across the globe to communicate instantly in a common forum in each customer’s native language
• Increase Support Availability by providing multilingual search capabilities from popular search engines that enables 24×7 customer access to all relevant content for self-service worldwide
• Reduce Costs of Community Administration by consolidating separate, sub-scale, language-specific forums into one common community that supports the ability to read and post in every visitor’s language of choice
• Improve Customer Satisfaction by unlocking the richness of community content for a global, multilingual audience of customers and employees
• Improve SEO in Global Markets by enabling all relevant public-facing community content (in every language) to be served up whenever a visitor searches for answers in any language

“By partnering with Lionbridge we can bring new value to enterprise organizations that are looking at ways to embrace and extend the power of community engagement and social collaboration,” said Telligent Founder and CTO Rob Howard. “GeoFluent for Telligent helps us address the global growth of our business; it removes geographic and language barriers and ensures that marketing, customer service and key stakeholders are at the forefront of customer engagement.”

Telligent’s enterprise social platform is designed to enable businesses to create exceptional social experiences for their customers, partners and employees. With Telligent, enterprises can elevate customer experience with a community that reflects their brand and spurs engagement with a complete set of social applications that add social context and relevancy to collaboration.

“The next growth wave for enterprise social software is global market adoption with local-market relevance,” said Rory Cowan, CEO of Lionbridge. “By combining GeoFluent customized real-time translation with Telligent, we are delivering a compelling enterprise solution that eliminates language and geography hurdles.  Breaking this barrier increases revenue conversions, expedites time-to-market adoption, and significantly enhances the overall customer experience.”
About GeoFluent for Telligent
GeoFluent for Telligent is an integrated, enterprise translation solution that allows organizations to engage users in multiple languages within their Telligent-powered communities.  As a result, enterprises can build multilingual customer-facing or employee communities that achieve business objectives for improving customer support, building brand loyalty and strengthening member networks across geographies and languages.  Please go www.geofluent.com to learn more about GeoFluent for Telligent.

About Telligent
Telligent powers online communities and enterprise social networks that are essential to business. Global brands including Cadbury, Dell, Investec, Microsoft, Oxfam, Rackspace, Sitecore and Susan G. Komen for the Cure trust Telligent to transform their business with social. Telligent software helps companies empower their customers, employees and partners with social collaboration tools that drive real business value: higher sales, lower costs and bigger ideas. Our commitment to customer excellence is matched only by our dedication to community service, a people-first philosophy that defines our brand promise. For more information, visit Telligent.com or connect with us on Twitter and Facebook.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency and local relevancy across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

—
Lionbridge, the Lionbridge logo, GeoFluent and the GeoFluent logo are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world.

Contact:

Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com
781-434-6190

Tim Hurley/Emily Snyder
Matter Communications
thurley@matternow.com
esnyder@matternow.com
978-499-9250

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that more than 20 market leaders have chosen Lionbridge’s Global Marketing Operations (GMO) to produce, manage, deliver and optimize multichannel digital marketing campaigns and content in local markets worldwide.  Lionbridge GMO clients span multiple market sectors and include market leaders such as Canon, Capital One, Cisco, Expedia, Master Control, Microsoft, Midtronics, PTC and Royal Caribbean Cruise Lines.

Lionbridge GMO helps marketing teams solve the complexity and time challenges associated with managing and measuring digital marketing initiatives across multiple geographies, cultures and technical architectures.  As an integrated outsourced solution, Lionbridge GMO optimizes and centralizes global digital marketing activities that are typically scattered across numerous parties (agencies, translators, IT, in-country marketing and corporate marketing).  As a result, GMO clients can manage all their global digital marketing channels and address common marketing issues such as:

• Increasing website traffic and conversions across all global markets
• Balancing global consistency and local relevance in campaign design, copy and localization
• Streamlining the management of multilingual website content
• Reducing cycle times to rollout global campaigns and product launches

Using a consistent, SaaS-enabled process, GMO streamlines all execution activity and eliminates high costs, long cycle times, errors and frustration.  GMO complements clients’ existing agency relationships and IT systems, while optimizing all aspects of global marketing operations management.  As a result, global marketers can develop globally configurable, locally optimized marketing campaigns that adhere to corporate brand guidelines.  Lionbridge GMO clients have reported significant business value including:

• 30-50% increase in search engine traffic
• 10-30% uplift in global campaign performance
• 30% reduction in campaign cycle times
• 30% reduction in total marketing execution costs

“Most companies are struggling with global marketing execution given the explosion in digital channels and compressed cycle times,” said Marc Osofsky, Senior Vice President, Marketing, Lionbridge. “Lionbridge GMO solves these challenges. Our unique global customer lifecycle framework integrates publishing, content creation and translation to create a streamlined global marketing process that reduces turnaround time, accelerates time to market and increases local market relevance.  By unbundling agency spend and streamlining digital marketing execution, our clients are broadening their global reach and reducing costs.”

About Lionbridge GMO
Using Lionbridge’s proven in-market expertise developed through its 15 years’ localization and translation services industry experience, GMO provides global marketers a complete portfolio of global marketing operations services including campaign management, international web management and digital operations, website translation, global search engine optimization and marketing, and content development and transcreation.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 120,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency and local relevancy across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward looking statements
This press release contains express or implied forward-looking statements, including statements relating to market and  customer acceptance and use of GMO services and  the expected benefits of use for customers (including reduction of campaign and marketing costs and campaign cycle time,  as well as global performance uplift and increased search engine traffic).   Lionbridge’s actual experiences and results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the timing and speed of customer and user acceptance of GMO services and risks associated with competition l and competing technologies.  For a more detailed description of the risk factors associated with Lionbridge, please refer to Lionbridge’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2012.

—
Lionbridge is a trademark or registered trademark of Lionbridge Technologies, Inc. in the U.S. and throughout the world.
Contacts:
Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com

Tim Hurley/Emily Snyder
MATTER Communications for Lionbridge
thurley@matternow.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced revenue and earnings for the second quarter ended June 30, 2012.

Financial highlights for the second quarter include:

• Revenue of $119.2 million, an increase of $5.9 million or 5% compared to the second quarter of 2011. Revenue growth during the quarter came from several large existing accounts and new engagements with clients in life sciences, manufacturing and consumer technology markets.
• GAAP net income of $2.5 million or $0.04 per share based on 60.4 million weighted average fully diluted common shares outstanding.  Second quarter GAAP net income includes $6.7 million of restructuring expenses, real estate and technology asset impairment charges and acquisition costs.
• Non-GAAP adjusted earnings of $11.1 million or $0.18 per share.  This marks a year-on-year increase of $6.8 million or $0.11 per share from the second quarter of 2011 and the strongest non-GAAP earnings in the Company’s history.  The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and related costs, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of these measures to the comparable GAAP measure.   Excluding an acquisition-related tax benefit of $3.2 million, Q2 non-GAAP earnings were $8.0 million or $0.13 per share.
• Cash flow from operations of $6.6 million.
• An ending cash balance of $19.6 million. During the quarter the Company paid down $4.0 million of the $10.0 million debt related to its June 1 acquisition of Productive Resources.

During the quarter Lionbridge closed the acquisition of Indiana-based Productive Resources, LLC (PRI).  Lionbridge expects that PRI’s recurring, multi-year contracts with clients in the manufacturing and industrial sectors will augment Lionbridge’s end market diversification and address growing demand for integrated solutions that enable organizations to author, illustrate and translate their content and technical documentation.
Also during the quarter, the Company secured several significant new customer engagements, including a sole source agreement with a market leader in generic pharmaceuticals, a multi-year agreement with a hospital logistics provider and new programs with a manufacturer of trucks, buses and diesel engines.
“We are starting to see the benefits of our new offerings, new strategy and new cost platform.  Our Global Marketing Operations offering is driving new growth opportunities. Our vertical market strategy is allowing us to effectively diversify our client base.  Our SaaS offerings are beginning to scale.  And we are completing the final stages of our previously-announced restructuring program,” said Rory Cowan, CEO of Lionbridge.  “With this solid revenue and profit momentum, we expect our ongoing positive financial performance to continue in the second half of 2012 with continued expansion in 2013.”

Financial highlights for the first half of 2012 include:

• Revenue of $231.3 million, an increase of $18.4 million or 9% compared to the first half of 2011.
• GAAP net income of $4.2 million or $0.07 per share based on 59.9 million weighted average fully diluted common shares outstanding.  This marks an increase of $7.9 million or $0.13 per share year-on-year compared to the first half of 2011.
• Non-GAAP adjusted earnings of $15.0 million or $0.25 per share, a year-on-year increase of $12.4 million or $0.21 per share from the first half of 2011.  The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and related costs, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of these measures to the comparable GAAP measure.  Excluding a PRI acquisition-related tax benefit of $3.2 million, first half non-GAAP earnings were $11.8 million or $0.20 per share.

Lionbridge provided outlook for Q3 of 2012 with expected revenue of $112-115 million, reflecting traditional Q3 seasonality and continued year-on-year growth. The Company also expects continued revenue and earnings growth in Q4.

Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 800-857-9821 and international callers can dial 210-234-0023.  The pass code for the call is Lionbridge.  The conference call will also be available live via the Internet here.

Non-GAAP Financial Measures
In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations.  These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings” and “Adjusted Earnings Per Share (EPS)” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance.  Management believes the most directly comparable GAAP financial measures for adjusted earnings and adjusted earnings per share are net income and net income per share and has provided a reconciliation of adjusted earnings and adjusted earnings per share to net income (loss) at the end of this release.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 120,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance and expected revenue and earnings growth, and the momentum, pace and strengthening of such growth, of Lionbridge in Q3 2012, FY 2012 and FY 2013.  These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law.  Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially reduce revenue and cash flow and adversely affect Lionbridge’s business; Lionbridge’s ability to expand its relationships with existing clients; Lionbridge’s ability to broaden its client base; the ability of Lionbridge to realize the expected benefits of its technology initiatives and the timing of the realization of such benefits; market acceptance of and customer demand for the Company’s SaaS-based technology offerings, including Translation Workspace and GeoFluent; errors, interruptions or delays in SaaS-based technology or Web hosting; breaches of security measures; risks associated with the financial aspects of the subscription model utilized in connection with the its SaaS-based technology offerings; the cost, complexity, timing and speed of continued development and enhancements of  real-time machine translation technology initiatives, including customer and user acceptance of the Company’s services and technologies; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients;  the ability of Lionbridge to integrate Productive Resources, LLC and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities;  longer collection cycles in particular jurisdictions; risks associated with competition;  Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov

Lionbridge Technologies, Inc. (Nasdaq: LIOX), a leading provider of translation solutions today announced that it has been selected to present at the Microsoft Worldwide Partner Conference (WPC) during Microsoft’s session “Gateway to a Gold Mine: Winning the Global Market with the Latest Breakthrough from Microsoft Translator Cloud Services” taking place Wednesday July 11th at 2:00 pm.

In the session Lionbridge executives will present how the Company is using Microsoft Translator Hub, a breakthrough new translation technology being launched at WPC, to expand its GeoFluent real-time translation offering.  Session attendees will learn how to use this cloud-based translation offering to:
• Open up new commercial opportunities in any vertical that has multilingual customers or content
• Increase reach in local markets worldwide by engaging customers and prospects instantly in the language of their choice
• Reduce support costs by allowing English-speaking employees and agents to interact and support customers across the globe instantly in their native language
• Enhance customer satisfaction by providing multilingual online communities and forums where customers and partners can help support each other regardless of language or geography
• Improve SEO in global markets by generating rich and locally-relevant online community content across geographies

“Lionbridge has done a remarkable job with GeoFluent,” said Vikram Dendi, director of product management and strategy at Microsoft Research. “This is a great example of how a company can harness the power of the Microsoft Translator Hub to create a high quality and customized translation offering for their customers.”

Lionbridge GeoFluent is an on-demand translation platform that integrates Lionbridge’s cloud-based language customization solutions with market-leading statistical machine translation engines, including Microsoft Translator. GeoFluent delivers significant value for enterprises that require quality, real-time translation of user-generated content such as enterprise social communities, forum discussions and online chat sessions.

“We look forward to showcasing GeoFluent at this widely-attended event so that Microsoft partners can see the benefits of integrated, customized machine translation solutions that enable them to take their online applications global and effectively engage and support customers in global markets,” Joe Fiorentino, Vice President and General Manager of Global Software Products, Lionbridge.  “In this session Microsoft partners will see first-hand how they can use GeoFluent to quickly and easily customize the Microsoft Translator engine through the Translator Hub and gain a fully integrated translation solution to address a broad array of end markets and applications, including global app store distribution.  From proactive multilingual chat to global support forums, real-time translation offers powerful benefits for ISVs and the enterprises they serve. ”

About Microsoft’s Worldwide Partner Conference
Microsoft’s Worldwide Partner Conference provides Microsoft’s partner community with access to key marketing and business strategies, leadership, and information regarding specific customer solutions designed to help partners succeed in the marketplace. Along with informative learning opportunities covering sales, marketing, services and technology, the Worldwide Partner Conference is an ideal setting for partners to garner valuable knowledge from their peers and from Microsoft. The 2012 Microsoft Worldwide Partner Conference will be held in Toronto on July 8-12, 2012. More information can be found at http://www.digitalwpc.com and on the Partner Network home page at http://microsoftpartnernetwork.com.

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.  Using our innovative cloud technology platforms and our global crowd of more than 120,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical integrity across all touch points of the customer lifecycle.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has acquired Indiana-based Productive Resources, LLC., (PRI), a privately-held provider of outsourced  technical engineering, documentation and drafting solutions, for approximately $12 million, net of cash. The addition of PRI will address growing demand for integrated solutions that enable organizations to effectively author, illustrate and translate their content and technical documentation.

With recurring, multi-year contracts with clients in the manufacturing and industrial sectors, PRI provides Lionbridge well-established operations in the Midwestern region of the US.  The acquisition also expands the Company’s delivery model for addressing all aspects of client’s global content lifecycle, including drafting, illustration, documentation, translation and support.

“As US-based manufacturing organizations continue to grow their export markets, the demand for integrated, global technical engineering services is accelerating,” said Rory Cowan, CEO, Lionbridge. “PRI is the ideal partner for Lionbridge with a proven track record of providing domestically-delivered engineering and documentation solutions that offer clients unparalleled value, knowledge and experience.  We will build upon PRI’s skills as we expand relationships with clients in this growing market sector.”

The two companies have several mutual clients, including Rolls Royce, and already have integrated their solutions to support clients’ needs for technical illustration, authoring and translation.

“PRI realizes significant benefits by becoming part of Lionbridge,” said Steve Booher, CEO of PRI. “We gain a powerful worldwide sales channel and a proven global delivery platform to complement our US based operations. Our employees and clients will benefit from becoming part of a larger organization with a global team of program management experts across 26 countries and a broader suite of solutions that span the full lifecycle of global content and technical engineering.”

The Company expects the acquisition will contribute modestly to earnings in 2012 and will be solidly accretive to earnings in 2013 including minimal acquisition and integration costs.

Lionbridge is acquiring PRI for a consideration of approximately $12 million in cash, subject to adjustments for closing working capital, cash positions and other customary post-closing events. The consideration is being satisfied using $10 million of Lionbridge’s existing cash resources and revolving line of credit, as well as a $2 million note payable. PRI had unaudited revenue of $10.7 million for calendar year ending 2011.

About Lionbridge

Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation and testing solutions. Lionbridge combines global resources with proven program management skills to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation and testing. Global organizations rely on Lionbridge to increase international market share, speed adoption of products and content and effectively engage customers in local markets worldwide. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements 

This press release contains forward-looking statements that involve risks and uncertainties, including expectations for revenue and earnings related to the acquisition of PRI for 2012 and 2013. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the termination of customer contracts prior to the end of their term; integration expense; Lionbridge’s dependence on clients’ product releases and production schedules to generate revenues; the loss of a major client or customer; the size, timing and recognition of revenue from major clients; customer delays or postponements of services;; risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; Lionbridge’s ability to attract and retain key personnel; costs associated with and consequential to the acquisition and integration of PRI and benefits realized from the acquisition; risks associated with competition and competitive pricing pressures; and Lionbridge’s ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov).

Contacts:

Sara Buda
Lionbridge Technologies
sara.buda@lionbridge.com
+1-781-434-6190

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced financial results for the quarter ended March 31, 2012.  Financial highlights for the quarter include:

• Revenue of $112.1 million, an increase of $12.4 million compared to the first quarter of 2011, reflecting year-on-year growth of 12%.
• GAAP net income of $1.7 million, or $0.03 per share based on 59.7 million weighted average fully diluted shares outstanding.  This marks an increase of $7.2 million or $0.12 per share compared to the first quarter of 2011.
• Non-GAAP adjusted earnings of $3.9 million or $0.06 per share, an increase of $5.6 million or $0.09 per share from the first quarter of 2011.  The Company defines non-GAAP adjusted earnings as net income excluding restructuring and related costs, stock-based compensation and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

During the quarter, the Company secured several new customer engagements, including agreements with a large pharmaceutical company, a leading food and beverage retailer and a luxury retailer.

“Our strong first quarter results reflect positive momentum on all levels.  As we bring new offerings to market and diversify our client base across industry sectors, we are scaling many large accounts and accelerating new business,” said Rory Cowan, CEO of Lionbridge.  “Our ongoing revenue and profit momentum underscores our commitment to growing our recurring revenue streams, broadening our client base and establishing new opportunities across the lifecycle of our clients’ products and content.”

The Company also provided revenue expectations for the second quarter of 2012 with estimated revenue of $113-116 million.

Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters and the Company’s expectations for future performance. To participate, callers within the United States can dial 800-857-9821 and international callers can dial 210-234-0023.  The passcode for the call is Lionbridge.  The conference call will also be available live online.

Non-GAAP Financial Measures

In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations.  These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. These measures are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance.  Management believes the most directly comparable GAAP financial measures for adjusted earnings and adjusted earnings per share are net income and net income per share and has provided a reconciliation of these measures to net income (loss) at the end of this release.

About Lionbridge

Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements 

This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance and expected revenue and earnings growth, and the momentum, pace and strengthening of such growth, of Lionbridge in Q2 2012 and FY 2012.  These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law.  Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially reduce revenue and cash flow and adversely affect Lionbridge’s business; Lionbridge’s ability to expand its relationships with existing clients; Lionbridge’s ability to broaden its client base; the ability of Lionbridge to realize the expected benefits of its technology initiatives and the timing of the realization of such benefits; market acceptance of and customer demand for the Company’s SaaS-based technology offerings, including Translation Workspace and GeoFluent; errors, interruptions or delays in SaaS-based technology or Web hosting; breaches of security measures; risks associated with the financial aspects of the subscription model utilized in connection with the its SaaS-based technology offerings; the cost, complexity, timing and speed of continued development and enhancements of  real-time machine translation technology initiatives, including customer and user acceptance of the Company’s services and technologies; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients;  the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities;  longer collection cycles in particular jurisdictions; risks associated with competition;  Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov).

Contact:

Sara Buda
Lionbridge
+1-781-434-6190
sara.buda@lionbridge.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX),  a leading provider of translation, development and testing solutions, today announced that it has expanded its long-standing relationship with Special Olympics Europe/Eurasia. With this partnership, Lionbridge will now donate translation services for Special Olympics’ global website, www.specialolympics.org, across multiple languages – expanding from English to now also include Arabic, Chinese, French, Russian, and Spanish.

“By working with Lionbridge to provide a multilingual website for our global movement we are able to shine a brighter spotlight on the importance of respect, acceptance and inclusion of all people with intellectual disabilities,” said Mary Davis, Regional President and Managing Director of Special Olympics Europe/Eurasia. “We are extremely thankful to Lionbridge for their continued support. Their generous and important contribution of these translation services will significantly enhance our website to ensure greater accessibility to Special Olympics for millions of people across the globe.”

Founded in 1968 by Eunice Kennedy Shriver, Special Olympics has grown to become the largest sports organization in the world for people with intellectual disabilities, providing year-round sports training, athletic competition and other related programs to nearly four  million Special Olympics athletes in over 170 countries.

The Lionbridge program for Special Olympics combines services and technology to enable a highly-effective and efficient translation process.  To facilitate high-quality translation, Lionbridge uses Translation Workspace™, its cloud-based translation memory platform. The system’s cloud-based architecture enables the simultaneous use of multiple translation memories on a single project and facilitates real-time collaboration among all project participants. As a result, Special Olympics gains a quality, multilingual communication site that can relay vital information to athletes, families, coaches, volunteers and partners around the world.

“We look forward to extending the value we provide to Special Olympics. Through sports they raise public awareness of the talents and needs of all people with intellectual disabilities throughout the world,” said Rory Cowan, Lionbridge Chief Executive Officer. “Lionbridge continues to be an integral part of helping this organization achieve their goals to help athletes and supporters communicate more effectively.”

About Special Olympics

Special Olympics is an international organization that changes lives through the power of sport by encouraging and empowering people with intellectual disabilities, promoting acceptance for all, and fostering communities of understanding and respect worldwide. Founded in 1968 by Eunice Kennedy Shriver, the Special Olympics movement has grown from a few hundred athletes to nearly four million athletes in over 170 countries in all regions of the world, providing year-round sports training, athletic competition and other related programs. Special Olympics now takes place every day, changing the lives of people with intellectual disabilities all over the world, from community playgrounds and ball fields in every small neighborhood’s backyard to World Games. Special Olympics provides people with intellectual disabilities continuing opportunities to realize their potential, develop physical fitness, demonstrate courage, and experience joy and friendship. Special Olympics continues to grow thanks in part to the support of global corporate sponsors including The Coca-Cola Company, Procter & Gamble, Hilton Worldwide, Mattel and Lions Club International.  Visit Special Olympics at www.specialolympics.org. Engage with us on: Twitter @specialolympics; fb.com/specialolympics; youtube.com/specialolympicshq, and specialolympicsblog.wordpress.com.

About Lionbridge

Lionbridge Technologies, Inc. (Nasdaq: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.

Photos Available Upon Request

Media Contacts:

Mandy Murphy, Special Olympics
202-824-0227
mmurphy@specialolympics.org

Cynthia Spiers, Lionbridge Technologies
978-964-4769
cynthia.spiers@lionbridge.com

Maria Brown, Matter Communications
978-499-9250
mbrown@matternow.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX), a leading provider of translation solutions, and Moxie Software, Inc., the Enterprise Social Software Company, today announced a joint sales and marketing partnership. With the partnership, the two companies will market and sell GeoFluent for Spaces by Moxie, an enterprise social software solution that powers instant multilingual communication and collaboration between customers and employees.

GeoFluent for Spaces by Moxie integrates Lionbridge’s GeoFluent™ customized real-time translation with Moxie’s enterprise Chat, Community and Knowledgebase solutions, offering enterprises a number of powerful features and benefits including the ability to:

• Increase Revenue Conversions: Allows any Moxie-enabled service agent to immediately chat with customers and prospects in their native language before, during, and following the buying process.
• Reduce Support Costs: Provides on-demand translation of support pages, forums and knowledge bases to encourage web self-service.  In addition, GeoFluent for Spaces by Moxie enables online agents to support users in multiple geographies from one location.  As a result, enterprises can reduce costs of in-country support infrastructure and improve “time-to-resolution” for international customers.
• Improve Customer Satisfaction: Offers high-quality, knowledge sharing across languages and diminishes customer frustration of English-only interactions. This enables global organizations to increase customer engagement and brand loyalty among non-English speaking customers and prospects.
• Ensure consistent communications: Customized to reflect each organization’s brand, products and culture, making real-time machine translation comprehensible and actionable.
• Increase Agent Productivity: Supports multiple, simultaneous multilingual customer interactions and provides an intuitive interface, knowledgebase integration and pre-translated “canned” responses to ensure optimum efficiency and quality.
• Protect Sensitive Company and Customer Data: Includes enhanced security features that overwrite customer’s sensitive information, such as credit card and social security numbers, from all chat and forum transcripts and supports PCI initiatives.

“Servicing multilingual customers is critical to Moxie’s global client base,” said Tom Kelly, President and CEO, Moxie Software™.  “An integrated, real-time multilingual solution enables our clients to increase revenue and deliver a better customer experience.”

“By bringing together customized real-time translation with enterprise social solutions we will enable organizations to increase revenue conversions and accelerate time to global markets while reducing the need for expensive in-country solutions,” said Rory Cowan, CEO of Lionbridge.  “With this combined solution, any customer care organization can instantly become a global customer care organization that reaches, engages and supports customers regardless of geography or language.”

About GeoFluent for Moxie Customer Spaces

GeoFluent is an on-demand translation platform that integrates Lionbridge’s cloud-based language customization solutions with a statistical machine translation engine developed in IBM’s Watson Research Center.

GeoFluent for Spaces by Moxie is an integrated, real-time online engagement solution that allows agents to engage users in multiple languages in real-time within their existing Moxie application.  As a result, organizations can facilitate faster time to purchase through proactive multilingual engagement and reduce global support costs through effective online customer care.  Please go here to learn more about GeoFluent for Moxie Customer Spaces.

About Moxie Software, Inc.

Moxie Software, the Enterprise Social Software Company, enables companies to connect employees, customers and partners to engage in business, share knowledge and collaborate.

Moxie Software provides the most complete and intuitive enterprise social software for employee and customer engagement through Spaces by Moxie applications.  These highly intuitive, user-centric applications were designed for “The Way People Work” through collaboration with world-renowned design and innovation firm IDEO and incorporating the thought leadership from Moxie Insight. Companies using Moxie Software’s solutions are able to innovate faster, and improve operational efficiencies and customer support. To learn more about Moxie Software, visit www.moxiesoft.com.

About Lionbridge

Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.

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Moxie Software, Spaces, and Customer Spaces are trademarks of Moxie Software, Inc.

Lionbridge and Lionbridge GeoFluent, are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world. 

Contact: 
Sara Buda
Lionbridge Technologies
(781) 434-6190
sara.buda@lionbridge.com

Simone Souza
Moxie Software
(650) 294- 4693
ssouza@moxiesoft.com

Lionbridge (Nasdaq: LIOX), a leading provider of translation, development and testing solutions today announced that it has signed a master services agreement with Forrester Research, Inc. (Nasdaq: FORR), an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. With the agreement, Lionbridge has become a Forrester translation partner for specified research and consulting content across more than 15 languages.

With thousands of research reports published each year, Forrester now utilizes Lionbridge’s US based account management teams and qualified production resources worldwide to deliver high quality, translation across a variety of applications and devices. To facilitate the program Forrester is using Lionbridge’s translation management portal, Freeway® which allows the Lionbridge and Forrester teams to collaborate in a secure, cloud-based workspace. This platform unifies multi-site production teams and creates a seamless process between the Forrester and Lionbridge teams.

Forrester has more than 1,200 professionals in over 27 countries that provide proprietary research, customer insight, consulting, events, and peer-to-peer executive programs for market leaders in IT, marketing, and technology.

“Forrester’s selection of Lionbridge underscores the value we provide for global organizations that develop and deliver high volumes of frequently changing content that must be highly-relevant for customers and partners in local markets worldwide,” said Rory Cowan, Lionbridge CEO. “For Forrester and other organizations we combine the most advanced technology and proven services to centralize language assets in the internet cloud while providing valuable, high quality translation and program management in our global network of solution centers. Together, we will improve processes and accelerate time to market for Forrester’s world renowned research and consulting information.”

About LionbridgeLionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com

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Lionbridge and Freeway are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world. All other trademarks are the property of their respective owners.

Contact:Sara Buda
Lionbridge
(781) 434-6190
sara.buda@lionbridge.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced financial results for the fourth quarter and year ended December 31, 2011.

Financial highlights for the fourth quarter include:

• Revenue of $107.4 million, an increase of $7.0 million or 7% year-on-year compared to the fourth quarter of 2010.
• GAAP net income for the quarter of $3.0 million or $0.05 per share based on 59.4 million fully diluted shares outstanding.  This compares to a GAAP net loss of $2.6 million or ($0.04) per share in the fourth quarter of 2010.
• Non-GAAP adjusted earnings of $5.0 million or $0.08 per share. The Company defines non-GAAP earnings as GAAP net income excluding merger, restructuring and related costs, stock-based compensation and amortization of acquisition-related intangible assets.  Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.
• Cash flow from operations of $8.3 million during the quarter.
• The Company ended the quarter in a net cash positive position with an ending cash balance of $25.2 million and long-term debt of $24.7 million as of December 31, 2011.

“The fourth quarter marked yet another strong quarter of solid top line growth, ongoing earnings acceleration and strong cash flow. We are starting to benefit from our recent investments in sales and marketing, new leadership, new offerings and a refined vertical-market focused sales and delivery model,” said Rory Cowan, CEO of Lionbridge. “Our multi-year cost reduction program is largely behind us.  We have a strong new business pipeline.  The current currency environment is favorable for operating earnings. As a result, we have positive momentum for 2012 and beyond.”

Financial Highlights for Fiscal Year 2011 include:

• Revenue of $427.9 million, an increase of $22.6 million or 6% year-on-year compared to FY 2010.
• GAAP net income of $1.7 million or $0.03 per share based on 59.5 million fully diluted shares outstanding.  This compares to a GAAP net loss of $1.3 million or ($0.02) per share in FY 2010.
• Non-GAAP adjusted earnings of $12.9 million or $0.22 per share. The Company defines non-GAAP earnings as GAAP net income excluding merger, restructuring and related costs, stock-based compensation and amortization of acquisition-related intangible assets. Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.
• Cash flow from operations of $9.8 million for the year.

Business highlights for FY 2011 include:

• Secured approximately 17 new, significant engagements with leading organizations in the aerospace, automotive, life sciences, manufacturing, media, mobile, retail, service, technology and wireless industries, marking one of the strongest annual new business pipeline conversions in several years.
• Successfully ramped a new, five-year estimated $25 million new program with an existing client in the technology and printing industry to provide testing services worldwide.
• Announced general availability and secured the first enterprise engagement for GeoFluent™, the Company’s SaaS-based, customizable, real-time translation technology that instantly translates content and communications into multiple languages. GeoFluent is based on IBM’s machine translation engine and is the result of a technology partnership between Lionbridge and IBM.
• Added more than 1,000 subscribers in 2011 for Translation Workspace™, Lionbridge’s cloud-based translation productivity platform. Within the first two years of introduction, Translation Workspace has more than 3,300 subscriptions from translators and agencies in over 80 countries who rely on Translation Workspace to increase productivity and optimize their translation processes.
• Key additions to the Company’s senior leadership team including a senior vice president of corporate marketing and a senior vice president for the Company’s Global Development and Testing segment.
• Successfully launched a new Global Marketing Operations (GMO) service offering aimed at helping global marketing executives manage and optimize digital marketing campaigns in international markets.

“In 2011 we continued to strengthen our business and financial performance.  By shifting our focus from cost management to revenue growth and technology innovation we’ve secured new business with market-leaders that seek to capture and support revenue in international markets,” said Rory Cowan, CEO, Lionbridge. “We enter this year with a multi-quarter track record of strong year-on-year revenue growth, ongoing gross margin expansion, positive GAAP earnings and strengthening cash flow from operations.  As a result, we expect ongoing earnings growth in 2012 and beyond.”

The Company provided revenue expectations for the first quarter 2012 with estimated revenue of $103-$107 million, reflecting today’s currency environment.  Lionbridge enjoys a broad mix of business that is denominated in various foreign currencies, including the Euro. A stronger US Dollar as compared to the Euro typically benefits the Company’s earnings but may have a dampening effect on revenue.

Lionbridge also stated it expects sequential quarter revenue growth in the second quarter of 2012. The Company reiterated its expectations for FY 2012 revenue growth of 5-10% with further growth in profitability.
Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 800-857-9821 and international callers can dial 210-234-0023.  The pass code for the call is Lionbridge. The conference call will also be available online or on the financial events page of the investor guide on the Lionbridge website www.lionbridge.com

Non-GAAP Financial MeasuresIn this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations.  These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. These measures are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance.  Management believes the most directly comparable GAAP financial measures for adjusted earnings and adjusted earnings per share are net income and net income per share and has provided a reconciliation of these measures to net income (loss) at the end of this release.

About Lionbridge Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com.

Forward-Looking StatementsThis press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance, anticipated customer and potential customer demand for the Company’s services and technology, profitability, the impact of foreign currency exchange rates, and expected revenue and earnings growth, and the pace and strengthening of such growth, of Lionbridge in Q1 2012, Q2 2012 and FY 2012.  These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law.  Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the effect of the global economic conditions on the demand for Lionbridge’s services and technologies by customers and prospective customers; the effect of global economic conditions on the timing or scope of services procured by Lionbridge customers; given that a substantial portion of Lionbridge’s revenue is generated from a limited number of customers, the loss of or reduction in demand from one or more major client or customer would materially reduce revenue and cash flow and adversely affect Lionbridge’s business; the ability of Lionbridge to realize the expected benefits of its technology initiatives and the timing of the realization of such benefits; market acceptance of and customer demand for the Company’s SaaS-based technology offerings, including Translation Workspace and GeoFluent; errors, interruptions or delays in SaaS-based technology or Web hosting; breaches of security measures;  risks associated with the financial aspects of the subscription model utilized in connection with the its SaaS-based technology offerings; the cost, complexity, timing and speed of continued development and enhancements of  real-time machine translation technology initiatives, including customer and user acceptance of the Company’s services and technologies; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients;  the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition;  risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities;  longer collection cycles in particular jurisdictions; risks associated with competition;  Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov).

Lionbridge Technologies, Inc. announced today that TMC, a global, integrated media company, has named GeoFluent, the company’s market-leading, real-time translation technology, as Customer Interaction Solutions 2011 Product of the Year. Customer Interaction Solutions magazine is the leading publication covering CRM, call centers and teleservices since 1982.

GeoFluent is a powerful, cloud-based application that gives contact centers and enterprises on-demand, quality translation within their existing customer care applications. GeoFluent integrates Lionbridge’s cloud-based language customization solutions with a statistical machine translation engine developed in IBM’s Watson Research Center. As a result, GeoFluent delivers unparalleled, real-time, online customer communications that reflect each organization’s brand, products, terminology and expertise. With GeoFluent, enterprises and contact centers enjoy a number of unique features and benefits, including the opportunity to:

• Improve time to resolution for international customers by turning contact center agents into “global communicators” with real-time, integrated multilingual chat.
• Reduce costs of in-country support by allowing online agents to support users in multiple geographies from one location.
• Increase customer self-service with on-demand, multilingual access to Web content, such as forums, blogs, knowledge bases and customer communication.

“GeoFluent was selected to receive a 2011 Product of the Year Award for its achievement in advancing CRM, contact center and call center technologies. GeoFluent has demonstrated excellence, as well as provided ROI for the companies that use it,” said Rich Tehrani, CEO, TMC. “Customer Interaction Solutions magazine has been recognizing innovative companies for 14 years and Lionbridge GeoFluent has earned its place with this distinguished honor.”

The 14th Annual Product of the Year Award winners are published in the January/February 2012 issue of Customer Interaction Solutions magazine, www.cismag.com.

“GeoFluent’s selection for Customer Interaction Solutions Product of the Year underscores the value GeoFluent brings to enterprises and contact centers that are seeking new ways to improve customer engagement and reduce global support costs,” said Rory Cowan, CEO of Lionbridge. “With GeoFluent, enterprises and contact centers gain a unique, real-time, secure SaaS solution based on proven technology that has been adopted successfully in large-scale commercial environments.  As a result, organizations can reduce global support costs through effective, real-time customer care and facilitate faster time-to-purchase through multilingual online engagement.”

For more information about the Customer Interaction Solutions’ 2011 Product of the Year Awards or any of the TMC media properties, please visit www.tmcnet.com.

About LionbridgeLionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance.  Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments.  Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com

About Customer Interaction Solutions Since 1982, Customer Interaction Solutions (CIS) magazine has been the voice of the call/contact center, CRM and teleservices industries. CIS magazine has helped the industry germinate, grow, mature and prosper, and has served as the leading publication in helping these industries that have had such a positive impact on the world economy to continue to thrive. Through a combination of outstanding and cutting-edge original editorial, industry voices, in-depth lab reviews and the recognition of the innovative leaders in management and technology through our highly valued awards, Customer Interaction Solutions strives to continue to be the publication that holds the quality bar high for the industry. Please visit www.cismag.com for more information.

About TMCTMC is a global, integrated media company that helps clients build communities in print, in person, and online.  TMC publishes the Customer Interaction Solutions, INTERNET TELEPHONY, Next Gen Mobility and Cloud Computing (formerly InfoTECH Spotlight) magazines.  TMCnet.com, which is read by two million unique visitors each month, is the leading source of news and articles for the communications and technology industries. TMC is the producer of ITEXPO, the world’s leading B2B communications event.  In addition, TMC runs multiple industry events: 4G Wireless Evolution; M2M Evolution; Cloud Communications Expo; SIP Tutorial 2.0:Bringing SIP to the Web; Business Video Expo; Regulatory 2.0 Workshop; DevCon5; HTML5 Summit; CVx; AstriCon; StartupCamp; MSPAlliance MSPWorld and more. Visit TMC Events for a complete listing and further information. For more information about TMC, visit www.tmcnet.com.

Lionbridge Contact:Sara Buda
VP Corporate Communications
Lionbridge Technologies, Inc.
781-434-6190
sara.buda@lionbridge.com

TMC Contact: Jan Pierret
Marketing Manager
203-852-6800, ext. 228
jpierret@tmcnet.com