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EXHIBIT 99.8
LIONBRIDGE GAINS PATENTED
LANGUAGE TECHNOLOGY AND
MANAGEMENT EXPERTISE
THROUGH ACQUISITION OF INT'L.COM
- LIONBRIDGE TO INTEGRATE FOREIGNDESK(R)
LANGUAGE MANAGEMENT SOFTWARE
WITH ITS LIONTRACK(TM)
WORKFLOW TECHNOLOGY; ROGER JEANTY
BECOMES LIONBRIDGE PRESIDENT -
WALTHAM, MASS. - MAY 23, 2000 - Lionbridge Technologies, Inc. (Nasdaq: LIOX),
a leading provider of multilingual eBusiness services to global IT,
telecommunications and financial services companies, today announced that it
has completed its acquisition of INT'L.com, a leader in the development and
implementation of eCommerce globalization services. The combination of
INT'L.com's patented ForeignDesk(R) language management software with
Lionbridge's LionTrack(TM) workflow technology will result in a complete
solution for creating and maintaining Web-based producTs and databases in
multiple languages and cultural formats. Roger Jeanty, INT'L.com founder and
CEO, has joined Lionbridge as president and has been appointed to the
Lionbridge Board of Directors.
"With his experience and expertise, Roger will make important and strategic
contributions to our senior management team," said Rory Cowan, CEO of
Lionbridge. "This is undoubtedly the year of global B2B eCommerce, and
Lionbridge is now uniquely qualified to address the globalization needs of
companies striving to take advantage of the new global economy."
"We are very pleased with the way INT'L.com's technology and industry
professionals will be leveraged by their integration into the Lionbridge
organization," said Roger Jeanty, Lionbridge president. "Our world-class
customer base will see immediate benefits from this transaction, especially
those B2B clients engaged in building global, industrial-strength Web solutions
for the delivery of their products and content, as well as building
relationships with their international suppliers and channel partners."
ABOUT LIONBRIDGE
Lionbridge Technologies, Inc. provides multilingual eBusiness services to the
information technology, telecommunications, life sciences and financial services
industries. Lionbridge integrates patented language management technology with
automated workflow management technology to enable simultaneous worldwide
release and maintenance of Web-based products and content. Customers of the
combined companies include Bristol Myers Squibb, Cisco Systems, IBM, G.D.
Searle, Hewlett Packard, Nokia, Nortel Networks and Sun Microsystems. Based in
Waltham, Mass., Lionbridge maintains facilities in Canada, Ireland, The
Netherlands, France, Germany, China, Taiwan, South Korea, Japan, Brazil and the
United States. To learn more, visit WWW.LIONBRIDGE.COM.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and
uncertainties. Lionbridge's actual experience 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; Lionbridge's dependence on clients' product releases to generate
revenues; difficulties Lionbridge may encounter in the integration of the
operations of INT'L.com and Harvard Translations; the loss of a major client;
the size, timing and recognition of revenue from major clients; the impact of
foreign
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currency fluctuations on our operating results; risks associated with
management of growth; market acceptance of new service offerings, including
Lionbridge's Microsoft Windows certification program; the failure to keep pace
with the rapidly changing requirements of its clients; Lionbridge's ability to
attract and retain key personnel; Lionbridge being held liable for defects or
errors in its solutions; political, economic and business fluctuations in
international markets; as well as risks of downturns in conditions generally,
and in the information technology and software industries specifically, and
risks associated with competition, and competitive pricing pressures. For a more
detailed description of the risk factors associated with Lionbridge, please
refer to Lionbridge's Annual Report on Form 10-K and Form S-4 Registration
Statement on file with the Securities and Exchange Commission.
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