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On the heels of a large deal with the U.S. Department of Justice, globalization firm Lionbridge Technologies Inc. reports it has entered into an agreement with Dell Inc. to provide translation services and language quality review for Dell. According to the Waltham-based company, the deal could be worth up to $8 million per year.
Lionbridge (Nasdaq: LIOX) will translate Texas-based computer maker Dell’s web content, online marketing content, desktop publishing content and training material across 30 languages, officials said.
Earlier this month, Lionbridge renewed its deal with the Department of Justice for onsite and telephonic interpreters for immigration court proceedings. That contract includes one base year with five option years. Lionbridge said it expects the deal to generate about $100 million over the next six years.
In March, Lionbridge announced plans to cut about 325 positions, about 8 percent of the company’s work force. Additionally, the company said it would consolidate offices, though it did not specify which locations. The company said at the time the moves would save an estimated $6 million to $9 million in costs in 2009. Annualized cost savings are estimated at $18 million to $20 million.
In January, the company announced several new multi-year, multimillion-dollar relationships with an estimated value of between $25 million to $30 million per year.
Founded in 1996, Lionbridge reported a 2008 net loss of $119.3 million on revenue of $461.4 million.
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