Press Release | Munich, 22 June 2005
AdAstra exits Trados, Inc.
_SDL plc yesterday announced the proposed
acquisition of Trados Inc., a portfolio company of AdAstra, for a
maximum aggregate consideration of US$ 60 million in cash and stock.
Trados, based in Sunnyvale, CA and Stuttgart, Germany is a leading
company engaged in translation memory and globalization management
software. Trados received financing from AdAstra and other leading
Venture Capitalists like HG Capital, Wachovia Capital Partners and
provides translation memory software solutions that
enable global businesses to operate more efficiently in foreign markets by
automating key processes associated with the authoring, localization and
publishing of enterprise information. Trados´ products are used in over 3,500
enterprises worldwide, and it enjoys a significant global market share of
translation memory solutions.
_SDL (www.sdl.com) is a
London Stock Exchange listed provider of globalization
service solutions and related software applications to a variety of multinational
businesses. The combined group will have 50 offices around the world, with more
than 100,000 licenses in the market and over 100 Enterprise Solutions
_Joseph Campbell, President and CEO of Trados, commented: "This is a
wonderful opportunity for the enlarged group to take full advantage of the growth
opportunities in software, services and solutions for the global information
_Thomas Krueger, Managing Partner of AdAstra added: "We are very satisfied
with this event and the combination of Trados´ and SDL´s forces. Together they
will create a true translation solutions powerhouse."
_AdAstra has been an investor in Trados since August 2000. The acquisition is
conditional, inter alia, upon the approval of SDL´s shareholders.
AdAstra is a Munich-based independent Private Equity firm, founded in June 2000, targeting
later stage high-growth and technology-oriented companies in IT, telecommunication and
high-tech industries. As a sparring partner to its portfolio companies, AdAstra provides
permanent support through its experienced and inter-disciplinary management team and its
contact network. AdAstra currently has an interest in leading technology companies like
ASK, Asknet, Asyntis, Bäurer and Gomez, among others.
Ulrich Clemm / Thomas Krueger
Phone: +49. 89. 710 40 85–0
Fax: +49. 89. 710 40 85–29