Progress Energy Selects Lionbridge for Specialized Application Development and Maintenance (ADM)
Leading Energy Company Leverages Lionbridge's Program Management and Risk Management Expertise for Mission-Critical Payment Processing Program
WALTHAM, Mass. — September 3, 2003 — Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has successfully completed an engagement with Progress Energy, a Fortune 250 diversified energy company. Progress Energy leveraged Lionbridge's proven ADM program management and risk management capabilities as the energy company migrated to a new enterprise-scale image-based payment processing solution.
"We engaged Lionbridge to provide services to reduce our costs and also ensure quality, reliability and consistency throughout the project lifecycle," said Bob Rodwell, Manager, Information Technology, Progress Energy. "Their ADM and risk management skills were an integral part of our solution as we migrated to our new payment processing system."
This mission-critical, high-volume payment processing project was deployed at Progress Energy's two payment processing centers, and is now processing payments for more than 2.8 million customers in North Carolina, South Carolina and Florida.
"By working with Lionbridge, Progress Energy benefited from the maturity and efficiency of the global Lionbridge team that assures the highest standards of quality throughout an ADM program," said Rory Cowan, CEO, Lionbridge. "Our proven expertise in managing large programs and mitigating risk of mission critical application processes enabled Progress Energy to focus on their core business while trusting us for risk management and project oversight."
About Progress Energy
Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 250 diversified energy company with more than 21,900 megawatts of generation capacity and $8 billion in annual revenues. The company's holdings include two electric utilities (Progress Energy Carolinas, Inc. and Progress Energy Florida, Inc.), serving more than 2.8 million customers in North Carolina, South Carolina and Florida. Progress Energy also includes non-regulated operations covering merchant generation, energy marketing, natural gas exploration, fuel extraction, rail services and broadband capacity. For more information about Progress Energy, visit the company's Web site at www.progress-energy.com.
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. Based in Waltham, Mass., Lionbridge maintains facilities in Ireland, The Netherlands, France, Germany, China, South Korea, Japan, Brazil, and the United States and provides services under the Lionbridge and VeriTest brands. To learn more, visit www.lionbridge.com.