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Press ReleaseLANGUAGE LINE SERVICES ACQUIRES TELEINTERPRETERS AND LINGO SYSTEMS MONTEREY, CA – (January 11, 2008) – Language Line Services today acquired Coto Global Solutions and its subsidiaries TeleInterpreters and Lingo Systems, forming the premier provider of language services to the nation’s growing population of Limited-English speakers and the organizations who serve them. The announcement was made by Dennis Dracup, Language Line Services’ chairman and chief executive officer: “This acquisition strengthens Language Line Services’ phone and video-based services, adds document translation and face-to-face interpretation, and solidifies our position as the leading language company in the world.” Founded in 1982, Language Line Services provides interpretation services in more than 175 languages and counts more than half of the nation’s Fortune 1000 companies among its customers. Sparked by favorable market conditions and an evolving suite of innovative product offerings, Language Line Services’ business has expanded considerably in the last several years making it the largest global player in over-the phone interpretation services. TeleInterpreters, a Language Line Services’ competitor, was founded in 1987. It is a top-tier language services company that provides over the phone interpretation, document translation and face-to-face interpretation services. In 1998, Teleinterpreters expanded upon its language services model to serve industry and government sectors with on-demand, telephone-based access to language services and support the rigorous requirements of the medical and legal industry sectors. Founded in 1992, Lingo Systems is one of the world's leading providers of translation and localization services. The company specializes in the localization of technical documentation, software, on-line applications, all types of multi-media output, training materials, e-learning solutions, and business systems. “This acquisition will fuel Language Line Services’ growth plans and better meet the needs of Language Line Services’, TeleInterpreters’ and Lingo Systems’ global customers and the nation’s growing number of limited-English speakers,” said Dennis Dracup, Language Line Services’ chairman and chief executive officer. “Our goal is to continue to build a truly great company.” The acquisition will give Language Line Services’, TeleInterpreters’ and Lingo Systems’ clients access to expanded resources and expertise. TeleInterpreters and Lingo Systems will begin operating under the Language Line Services name immediately with integration of customer service and operations completed during 2008. About Language Line Services (LLS) |
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