WALTHAM, Mass. – April 1, 2003 – Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that LODESTAR Corporation, a leading provider of software solutions for the energy industry has selected Lionbridge as its exclusive localization partner. Under the multi-year agreement, Lionbridge will localize and test components of the LODESTAR® Customer Choice Suite™ (CCS™) of applications, supporting documentation and online help into European languages.
"LODESTAR's selection of Lionbridge as our exclusive partner for our flagship Customer Choice Suite underscores the value of their strategic approach to increasing time-to-market and enhancing customer satisfaction globally," said Chris Hamilos, CEO and Chairman of LODESTAR. "We rely on Lionbridge to deliver the language and technology expertise and quality we need as we continue to deliver reliable, cost-effective solutions that enable our customers worldwide to succeed."
The LODESTAR suite offers solutions for pricing, billing, load profiling and settlement, contract management, financial management, contract and transaction management to help energy service providers, distribution companies, and system operators meet their growth strategies. The Customer Choice Suite has been the solution of choice for companies worldwide who are preparing to either enter a competitive market or have been functioning as such for years.
The first project will enable LODESTAR to support its customers in France with a new localized version of LODESTAR Profile & Settlement System™ (LPSS™) this summer, with support for additional languages to follow. Other components of the Customer Choice Suite will be localized in the coming months.
"As a leading provider of back-office software solutions for the energy industry, LODESTAR must offer consistent, high quality products in all markets," said Rory Cowan, CEO, Lionbridge. "Working together, LODESTAR and Lionbridge will ensure that customers throughout the world enjoy the benefits of the Customer Choice Suite as LODESTAR increases market penetration and customer retention worldwide."
About Lionbridge
Lionbridge Technologies, Inc. is a provider of globalization, testing and development services that enable Global 2000 organizations to confidently and cost effectively deliver products and content worldwide. Lionbridge leverages its global infrastructure and advanced language technologies to provide multilingual content management, localization, testing and development services that speed adoption, increase utilization and reduce maintenance costs of global applications and content. To learn more, visit www.lionbridge.com.
About LODESTAR Corporation
With more than 120 clients worldwide, LODESTAR provides energy companies with world-class software solutions for pricing, billing, load profiling and settlement, financial, contract and transaction management. For more information, visit www.lodestarcorp.com.
Lionbridge and the Lionbridge LOGO are trademarks or registered trademarks of Lionbridge Technologies, Inc. LODESTAR and LODESTAR's other marks are either trademarks or registered trademarks of LODESTAR Corporation in the U.S. and/or other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.