Leading European provider of virtual data room (VDR) solutions joins industry leader in language and technology
NEW YORK AND LONDON–(BUSINESS WIRE)–TransPerfect, the world’s largest provider of language and technology solutions for global businesses, today announced that it has acquired UK-based Sterling Technology, Europe’s leading provider of VDR solutions for secure content sharing, business process automation, and collaboration for high-risk deals. Financial terms of the transaction were not disclosed.
Sterling VDR solutions enable seamless file sharing and content collaboration among all participants, increasing productivity and accelerating deal timelines, while offering best-in-class security and support. end to end unrivaled. The company has helped users from over 187 countries and 90 industries successfully complete thousands of deals. With offices in all seven major European financial centers, Sterling is trusted to provide exceptional levels of service in the most critical transactions for the M&A, corporate development, real estate, capital markets, private equity, banking and legal communities.
Sterling will continue to report to CEO Geoff Keating, who, along with the rest of the company’s management, will join TransPerfect’s senior management team. Keating has served as CEO since 2008 and has led the company’s rise to its market-leading position both before and after its spin-off from Sterling Financial Print.
Keating commented, “This acquisition is a recognition of the success of Sterling’s employees and leadership team in growing our company to become Europe’s leading provider of virtual data room solutions. Sterling’s shareholders and leadership team believe that TransPerfect is the ideal new strategic owner for our business.” Keating added: “Being part of a much larger and more successful global company will provide greater growth opportunities for our business and employees, as well as access to new markets. For our customers and users, Sterling will continue to provide the same premium virtual data room solutions and service excellence that they have come to expect from us.”
TransPerfect President and CEO Phil Shawe said, “We admire Sterling’s strong reputation and leadership position in Europe. It is exciting to have them as part of our global team and I have no doubt that we will achieve great things for our clients. We welcome everyone at Sterling to the TransPerfect family.”
TransPerfect was advised on the transaction by CDX Advisors and the law firms of Baker Botts and Simons Muirhead Burton. Sterling was represented by RSM UK and Ward Hadaway.
About the pound sterling
Sterling Technology is Europe’s leading provider of virtual data room (VDR) solutions for secure content exchange, business process automation and collaboration for mergers and acquisitions, corporate development, real estate, capital markets, private equity, banking and legal communities. Sterling has been supporting the capital markets and mergers and acquisitions for more than 30 years, initially with financial printing services. Since we opened our first VDR in 2010, we have helped clients and users from over 187 countries and 90 industries successfully complete thousands of deals. With offices in all seven major European financial centers, Sterling is trusted by its customers and users to provide exceptional levels of service for their most critical transactions.
TransPerfect is the world’s largest provider of language and technology solutions for global businesses. From offices in more than 100 cities on six continents, TransPerfect offers a full range of services in more than 200 languages to clients around the world. More than 6,000 global organizations use TransPerfect’s GlobalLink® technology to simplify multilingual content management. With an unmatched commitment to quality and customer service, TransPerfect is ISO 9001 and ISO 17100 certified. TransPerfect is headquartered globally in New York, with regional headquarters in London and Hong Kong. For more information, visit our website at www.transperfect.com.
Ryan Simper +1 212.689.5555