WALTHAM, Mass. - February 21, 2002 - Lionbridge Technologies, Inc. (Nasdaq: LIOX), has announced that Retek Inc. (NASDAQ: RETK), a leading provider of retail software and services, has chosen Lionbridge to localize Retek 10 solutions into Asian and European languages. Many of the world's leading retailers use Retek solutions including A&P, Tesco, Best Buy, Family Dollar Stores, Gap Inc., Sainsbury's, Eckerd Corp., RadioShack Corporation and Kohl's Department Stores.
Retek's success in worldwide markets has created the need for a localization partner with global resources, technical expertise and knowledge of local retail markets. To ensure maximum efficiency for Retek's localization projects, Lionbridge uses LionLinguist™, the component of the Lionbridge Globalization Platform™ that captures and reuses previous translations. By leveraging translation memory, Lionbridge reduces the time and resources required to deploy Retek's global solutions.
"In today's global economy, companies need a cost efficient strategy to deliver products and services in multiple languages," says Jeremy Thomas, CTO, Retek. "Lionbridge's combination of worldwide resources and technology enables us to shorten our time-to-market while providing an added level of quality and reliability for our expanding list of global customers."
"In retail, local language is paramount," says Rory Cowan, CEO, Lionbridge. "Lionbridge's expertise in localizing user interfaces, combined with our knowledge of local markets, will provide Retek with an efficient process to localize their solutions for global retailers."
About Retek Inc.
Retek Inc. is a leading provider of software solutions and services to the retail industry. Retek's collaborative solutions help the retail industry create, manage and fulfill consumer demand. The RIS News Leaderboard 2001 ranked Retek the #1 software vendor for retail. Retek's offering, Retek 10, encompasses Retek's proven strategies, sophisticated software applications, patented predictive technology, unparalleled services, and the best practices of its customers and partners. Retek 10 provides retailers with the fastest path to sustainable business value. Many of the world's leading retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar Stores, Gap, Sainsbury's, Eckerd Corp. and Kohl's Department Stores. For more information, visit www.retek.com, or call 1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7563 4646.
About Lionbridge
Lionbridge Technologies, Inc. provides solutions for worldwide deployment of technology and content to global 2000 companies in the technology, life sciences and financial services industries. Lionbridge testing and compatibility services, globalization solutions and multilingual content management technologies help clients reduce cost, speed time to market and ensure the integrity of global brands. Based in Waltham, Mass., Lionbridge maintains facilities in Ireland, The Netherlands, France, Germany, China, South Korea, Japan, Taiwan, Brazil and the United States. To learn more, visit www.lionbridge.com.
LionLinguist and Lionbridge Globalization Platform are trademarks of Lionbridge Technologies, Inc.