[News Article] SDL buys Germany-based Passolo
Thread poster: Valentini Mellas

Valentini Mellas  Identity Verified
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Jun 19, 2007

SDL buys Germany-based Passolo for 2 mln eur in cash and shares

LONDON (Thomson Financial) - SDL PLC said it has acquired Germany-based PASS Process Automation Software Systems Engineering GmbH, or Passolo, for 2 mln eur in cash and shares.

SDL, a translation technology specialist, will pay 1 mln eur in cash and issue up to 160,728 shares to fund the balance.

Passolo's technology will allow for the easy translation of the user interface of software products based on Microsoft .NET, which companies use to deliver web-based applications to their customers, SDL said. TFN.newsdesk@thomson.com ypv/faj/slj

(Source: http://www.hemscott.com/news/latest-news/item.do?newsId=45163729015297)


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[News Article] SDL buys Germany-based Passolo

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