Acquisition of XyEnterprise
June 29 2009 - 2:00AM
UK Regulatory
TIDMSDL
RNS Number : 6478U
SDL PLC
29 June 2009
29 June 2009
SDL plc
Acquisition of XyEnterprise
A further step in technology leadership - strengthens position in content
management
SDL plc ("SDL"), the leading provider of Global Information Management (GIM)
solutions, today announced the completion of the acquisition of XyEnterprise Inc
("XyEnterprise"), a leader in XML Component Content Management and Dynamic
Publishing Solutions, from JNNV LLC, Key Principal Partners, Cenveo Corporation,
Friendly Capital Partners, L.P and others.
SDL has acquired XyEnterprise for a consideration of $14.7m (GBP8.9m). The
acquisition is being funded from SDL's existing cash resources. A global
business, XY Enterprise Inc. has turnover of $9.9 million.
Further extending the SDL technology leadership position in true end to end GIM
solutions, the acquisition of XyEnterprise builds on the momentum created by
SDL's acquisition of Trisoft in 2008. Since that acquisition, SDL has seen a
growing demand for technologies that manage, reuse and deliver multilingual
product content across a company's base of global customers, including
everything from service manuals to user documentation.
With the acquisition of XyEnterprise, SDL significantly expands its content
management product offering and technical capabilities. XyEnterprise products
are recognized in the industry for leadership and innovation, and currently
support more than two hundred enterprise companies with thousands of users.
The transaction will see Kevin Duffy, the President and CEO of
XyEnterprise, become the CEO of SDL XySoft which will combine the collective
strengths of SDL Trisoft and XyEnterprise.
Mark Lancaster, Chairman and CEO, SDL plc, commented:
"XyEnterprise's content management products and expertise will enable us to
scale faster to meet the evolving market needs of our clients to provide
multilingual content to their customers instantly and more cost effectively
across their enterprise so achieving competitive advantage in the global
marketplace."
- ends -
Contacts:
SDL plc
Tel: 01628 410 127
Mark Lancaster, Chairman and Chief Executive
John Hunter, Chief Financial Officer
Financial Dynamics Tel: 020
7831 3113
Edward Bridges / Juliet Clarke / Haya Chelhot / Emma Appleton
About SDL
SDL is the leader in GIM solutions that empower organizations to accelerate the
delivery of high-quality multilingual content to global markets. Its enterprise
software and services integrate with existing business systems to manage the
delivery of global information from authoring to publication and throughout the
distributed translation supply chain.
Global industry leaders rely on SDL to provide enterprise software or hosted
services for their GIM processes, including ABN-Amro, Best Western, Bosch,
Canon, Chrysler, CNH, Hewlett-Packard, Microsoft, Philips, SAP, Sony, Sun
Microsystems and Virgin Atlantic.
SDL has implemented more than 500 enterprise GIM solutions, has deployed over
170,000 software licenses across the GIM ecosystem and provides access to
on-demand translation portals for 10 million customers per month. Over 1,000
service professionals deliver consulting, implementation and language services
through its global infrastructure of more than 50 offices in 30 countries. For
more information, visit www.sdl.com
Find out more information on SDL Trisoft please visit www.sdltrisoft.com.
About XyEnterprise
XyEnterprise develops, markets, and supports standards-based component content
management, automated XML publishing and intelligent content delivery solutions
that exceed customer expectations for reliability, productivity and ROI. Our
unmatched XML, DITA and S1000D expertise is the result of hundreds of successful
deployments and is forged from lasting partnerships with our customers for more
than 20 years. Named one of KMWorld's "100 Companies that Matter in Knowledge
Management" for the fourth consecutive year, we remain committed to providing
innovative solutions that deliver the highest possible performance and value to
our customers, including dynamic publishing via the Web, IETMs and IETPs.
XyEnterprise is headquartered in Wakefield, Mass. and has offices worldwide
For more information on XyEnterprise please visit www.xyenterprise.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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