Q1 Capital Partners is pleased to announce the strategic acquisition of its client, Clay Tablet Technologies (CTT), by Waltham, Massachusetts-based Lionbridge Technologies, Inc. (NASDAQ: LIOX). With 2013 revenues of US$489 million, Lionbridge is the world’s leading provider of translation and localization services and works with hundreds of global market leaders including Adobe, Canon, Caterpillar, CBS interactive, Cisco, Dell, Eli Lilly, EMC, Expedia, Golden Living, Google, HP, LRN, Microsoft, Motorola, Nokia, Pearson, Pfizer, Philips, Porsche, PTC, RIM, Rolls Royce, Samsung, and the US Department of Justice.
Founded in 2005 by Robinson Kelly and Ryan Coleman, Toronto-based Clay Tablet Technologies is globally recognized as the leading provider of translation integration solutions. The acquisition of Clay Tablet will allow Lionbridge to provide a complete portfolio of services and technologies that enable clients to seamlessly create, manage, and optimize global digital customer experiences across every channel including web, email, and social media platforms.
In addition to being an integral part of Lionbridge’s translation offering, CTT will continue to provide the only neutral platform for connecting CMSs to any translation firm or technology with incredibly feature-rich, enterprise–class CMS connectors. Importantly, Lionbridge is hiring all of CTT’s employees and will be maintaining CTT’s Canadian operation.
Robinson Kelly, CEO of Clay Tablet Technologies Inc. commented: “We simply could not have succeeded in this transaction without Q1 and Mike’s great team. The challenge in such deals is that you don’t know what you don’t know. But Mike’s extensive experience provides that knowledge – and he navigates those challenges with a perfect balance of tact, conviction, and strength. His negotiation skills absolutely increased the value received by Clay Tablet’s shareholders and I would certainly recommend Q1 to any entrepreneur considering the sale of their business.”
About Q1 Capital
Q1 Capital Partners is a Toronto-based corporate finance advisory firm specializing in mergers and acquisitions for private Canadian companies in the information and communication technology, digital media, and traditional business sectors. Q1 focuses its expertise on identifying foreign strategic acquirers that understand the value created by Canadian businesses. Our team of seasoned professionals offers depth of experience in M&A deal execution and a solid background working with innovative companies in a wide variety of industries. Clients engage us for our transactional experience, insight, integrity, dedication, and exceptional service.