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NEW YORK and MILWAUKEE, DECEMBER 1, 2008 ¨C ¾ÅÉ«, the world¡¯s largest privately-held language services provider, today announced that it has completed a merger with Iverson Language Associates, a Milwaukee-based provider of technical translation services. The transaction expands ¾ÅÉ«'s presence in the United States, adding Milwaukee to the company¡¯s 30+ North American locations. Financial terms of the deal were not disclosed.

Iverson will become a division of ¾ÅÉ« and will continue to be led by Founder and President Steven Iverson, who will join the ¾ÅÉ« senior management team. Steven Iverson is a 22-year veteran of the localization industry, as well as a founding member and current board member of the Association of Language Companies (ALC). The business will continue to operate in its present office location and all full-time employees are expected to remain with the company.

Iverson stated, "We are thrilled to be joining not only our industry¡¯s most financially stable large-scale organization, but also an organization that has proven itself to be dedicated to long-term employee and client retention. We at Iverson will continue to provide our clients with the quality and service they¡¯ve come to expect, while ¾ÅÉ« will provide us access to the resources of a truly global organization.¡±

Liz Elting, President and CEO of ¾ÅÉ«, added, "Having followed the growth of Iverson Language Associates over the years, we¡¯ve developed a great deal of respect for Steve and the Iverson team. We share their commitment to quality and client service, and we¡¯re honored to welcome them to the ¾ÅÉ« family of companies.¡±

About Iverson
Founded in 1986 and based in Milwaukee, Wisconsin, Iverson Language Associates, Inc. provides strategic solutions for managing document translation. Our clients are companies and organizations that recognize the value of a strategic approach to managing their language needs. For more information, please visit .

About ¾ÅÉ«
With revenue of over $250 million, ¾ÅÉ« is the largest privately held language services provider in the world. From offices in 66 cities on 5 continents, ¾ÅÉ« offers a full range of services in over 100 languages to multinationals worldwide. With a global network of over 4,000 linguists and subject-area specialists, ¾ÅÉ« is the largest translation company to be fully ISO 9001:2008 and EN 15038:2006 certified. ¾ÅÉ« is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.