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Idiom Technologies Closes $8 Million Funding Round


WALTHAM, Mass. - Oct. 3, 2007 - Idiom® Technologies, Inc. (Idiom), the leading independent supplier of SaaS and on-premise server-based globalization management systems (GMS), today announced it closed an $8M round of funding, with all proceeds coming from existing investors. Idiom will use the funding to continue its record sales growth in the translation and localization industry.

"We've experienced record growth over the past 24 months, thanks to a thriving LSP program, collaboration with our technology partners, the support of our customers and increasing interest in our SaaS solutions," said Mike Iacobucci, president and CEO, Idiom Technologies. "This new infusion of funding will let Idiom further strengthen its connections within the globalization supply chain and extend our lead in this rapidly-expanding marketplace."

For two years, Idiom has followed a steadfast strategy to align more closely with partners as it delivers its next-generation translation management platform. Today, despite the need to localize more and more content even as budgets tighten, Idiom's customers are translating content at higher velocities than ever. Driving this major time- and cost-savings change is the powerful WorldServer solution working in synch with a globalization supply chain, which now includes 38 LSPs and 15 technology/business partners collaborating within the Idiom Technologies Global Partner Network. As a result, Idiom is winning more than 90 percent of its competitive sales opportunities and reaching more customers in more markets worldwide than ever before.

"Over the past two years, the Idiom management team has done a tremendous job of creating new opportunities for expansion and growth," said Robert E. Davoli, managing director at Sigma Partners and member of Idiom's board of directors. "Becoming a leader in SaaS, while continuing to attract customers the caliber of Bank of America and Sun Microsystems at a greater rate than we've ever seen, is a major accomplishment. This shows the team has the discipline, foresight and drive necessary to remain a leader and change agent in this marketplace for years to come."

Idiom's strategy to make its technology and business model a catalyst for change in the language industry gives the company a real competitive advantage. According to Benjamin B. Sargent, senior analyst at Common Sense Advisory, "Selling translation and consulting services along with technology is markedly different from selling software. Idiom, particularly with the rollout of its SaaS product, is focusing on what it does best -- software."

According to Common Sense Advisory, the worldwide market for translation technology and services was approximately $9.9 billion in 2006 and is expected to exceed $13.5 billion by 2011.

About Idiom Technologies, Inc.
Idiom® Technologies is the leading independent supplier of SaaS and on-premise software solutions that enable our customers and partners to accelerate the translation and localization process so that content rapidly reaches markets worldwide. Unlike other companies serving this market, Idiom offers freedom of choice by embracing relevant industry standards, supporting popular content lifecycle solutions and partnering with the industry's leading language service providers.

As a result, WorldServer™ GMS solutions are fast becoming an industry standard, allowing customers to expand their international market reach while reducing costs and improving quality. WorldServer is used every day by organizations possessing many of the most recognizable global brands to more efficiently create and manage multilingual websites (e.g., AOL, eBay and Continental), localize software applications (e.g., Adobe, Beckman Coulter and Motorola) and streamline translation and localization of corporate and product documentation (e.g., Autodesk, Cisco and Business Objects).

Idiom is headquartered in Waltham, Massachusetts, with offices throughout North America and in Europe. WorldServer solutions are also available through the company's Global Partner Network™. For more information, please visit www.idiominc.com.