NEW YORK, New York, March 21, 2002 - translations.com, inc., a leader in software localization, enterprise language translation and website globalization solutions, announced today the successful acquisition of the operating subsidiaries of Language for Industry (LFI), headquartered in Boston, Massachusetts. Great Hill Partners, a Boston-based firm with over $1 Billion under management and a longstanding financial partner of LFI, will retain an interest in the combined companies. translations.com investors include Deutsche Bank and Pennell Venture Partners, a venture capital firm based in New York City.

The transaction will substantially expand the company's engineering, testing, consulting, account management, and production capacity for its global client base. Additionally, LFI's technical writing and information design division will retain the name Terra Pacific and expand the firm's scope of content development services. LFI's 35 employees boast an average of over ten years' experience in the language services industry and the company's clients include leaders in the information technology, automotive, aviation, financial services, medical device, educational publishing, manufacturing, software, and telecommunications industries. translations.com enjoys a similar client profile and employs over 50 people in nine offices on three continents.

"The most important factors in our decision to join our two companies were LFI's rich history, track record of exceptional service, and technical expertise in the localization business throughout the last decade," said Phil Shawe, President and Chief Executive Officer of translations.com. "This strategic transaction enhances our core competency and expands our ability to respond to the exploding demand for global language services," continued Shawe.

translations.com specializes in helping technology companies and multinational corporations localize software and Web-based applications, as well as manage their translation and globalization projects on a corporate level across company divisions -- from corporate marketing materials and websites to eLearning and training materials. By helping clients establish corporate best practices for language development projects and by leveraging the latest technologies in the globalization industry, translations.com delivers a compelling solution for companies that operate globally.

"We are excited about teaming up with translations.com by merging both companies' strengths to create a global leader," said Marc Johnson, General Manager of Deliverables for LFI. "The services, clients, expertise and cultures of the two companies are a great match and we anticipate a smooth transition to fully integrated operations."

The LFI Group, established in 1992, is a leading provider of localization, editorial, production and technical writing services to the international business community. The company has three Client Service Units located in the United States, and one in the United Kingdom. LFI's philosophy is to provide tailor-made language solutions combining talented human resources and best-of-class electronic tools and processes to help meet the multilingual communication needs of today's leading companies with an emphasis on technology and educational publishing.

Terra Pacific, established in 1986, originally specialized in information engineering, technical writing, and content development services for high-technology companies, ultimately offering services in multiple languages. The merger with translations.com will restore Terra Pacific 's original identity and focus, broadening the English content development service offering for translations.com.

translations.com is the leading provider of full-service Internet globalization solutions to clients such as DoubleClick, Charles Schwab, Royal Caribbean, Motorola, Media Metrix, Discovery Online and FleetBoston. translations.com was founded to specifically focus on the strategic needs of organizations seeking to communicate and conduct e-commerce in international markets via the Internet and wireless networks. Today, translations.com has an established global presence on three continents and continues to pioneer new techniques and technologies for the rapid development of multilingual e-commerce solutions. For more information on the company and its solutions, visit the translations.com web site at www.translations.com or e-mail info@translations.com.

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