Tuesday, January 27, 2009

Lionbridge touts spate of new contracts worth up to $30M per year

By Mass High Tech staff

Waltham-based Lionbridge Technologies Inc. has announced that it has secured several new, multi-year, multimillion-dollar relationships with an estimated value of between $25 million to $30 million per year. 

These new contracts Lionbridge (Nasdaq: LIOX) is touting include:

A five-year, $40 million contract with an unnamed provider of power systems and services for use on land, at sea and in the air;

A three-year relationship with an unnamed supplier of manufacturing process optimization software. Lionbridge estimates the program will generate more than $8 million over the term of the agreement;

A one-year, renewable contract expansion with an unnamed existing client that specializes in printing, personal computing, software, services and IT infrastructure. This new program will generate an incremental $10 million in revenue in FY 2009, according to estimates by Lionbridge;

Over three years, a new $7 million contract with an unnamed large broadband communications provider;
 
A one-year program with an unnamed rehabilitation company in the United States. Lionbridge says the program will generate $2.5 million in FY 2009 with potential extensions into 2010 and beyond, based on certain performance metrics;
 
And a master services agreement with a leading global online employment provider, for which Lionbridge was recently selected as a primary translation partner. Lionbridge expects this program will generate at least one million dollars per year starting in FY 2009.

Lionbridge is a provider of translation and crosscultural content management software services. The company reported a loss for fiscal 2007 of $4.2 million on revenue of $452 million.