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Due Diligence on International M&A Activity Facilitated by World's First Global Virtual Data Room

Deal Interactive 7.0g Now Available in Over 20 Languages

 

NEW YORK, NY, August 18, 2008 – TransPerfect, a leading provider of global business services, today announced the launch of the world's first global virtual data room. With the release of Deal Interactive 7.0g, the newest generation of virtual data room (VDR) software is now available in over twenty languages.

"The multilingual interface gives dealmakers an unprecedented opportunity to quickly and accurately complete the diligence phase of cross-border transactions," said Phil Shawe, Co-CEO of TransPerfect. "With this release, we are providing the international M&A community with the ability to give the widest possible pool of potential buyers access to critical information in the due diligence process."

TransPerfect VP of Legal Technology, Jordan Ellington, added, "A US-based seller of a business will now have the capacity to simultaneously offer potential buyers an electronic document sharing environment that they can utilize fully—in over 50 global markets. Put simply, users of Deal Interactive 7.0g will be able to interact with potential buyers in Tokyo, Frankfurt, and Paris concurrently, with all stakeholders accessing a user interface in their own language. The product is truly a game changer for global M&A."

VDRs securely host due diligence documents online for transactions, significantly speeding up the M&A process while extending simultaneous access to the maximum number of potential buyers. VDRs are of particular importance to international dealmakers as they provide valuable time-saving and expense-reducing benefits to professionals, who won't have to fly around the globe to close a transaction.


About Deal Interactive

Deal Interactive is a leading provider of web-based virtual data room solutions that enable firms to conduct due diligence in a secure online environment. Fast repository creation and 24/7 support help corporations, financial institutions, and law firms achieve cost- and time-efficiencies during the M&A process. With an SAS 70, Type II compliant environment, next-generation encryption, and intrusion detection, Deal Interactive offers the industry's most secure and confidential solutions. Founded in 1999, the company currently provides intuitive, web-based document repositories to over 6000 professionals from more than 450 organizations. For more information, please visit www.dealinteractive.com.


About TransPerfect

TransPerfect is a family of companies including TransPerfect Translations, Translations.com, and Deal Interactive, as well as specialized Staffing, Deposition Services, Document Management, Transcriptions, and Multicultural Marketing divisions. With 2008 revenue on pace to exceed $200 million and more than 850 full-time employees, TransPerfect is the largest privately held language and business services provider in the world. From over 50 offices on 4 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our websites at www.transperfect.com and www.translations.com.