WALTHAM, Mass., Feb. 15, 2012 /PRNewswire/ -- Lionbridge (Nasdaq: LIOX), a leading provider of translation, development and testing solutions today announced that it has signed a master services agreement with Forrester Research, Inc. (Nasdaq: FORR), an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. With the agreement, Lionbridge has become a Forrester translation partner for specified research and consulting content across more than 15 languages. With thousands of research reports published each year, Forrester now utilizes Lionbridge's US based account management teams and qualified production resources worldwide to deliver high quality, translation across a variety of applications and devices. To facilitate the program Forrester is using Lionbridge's translation management portal, Freeway® which allows the Lionbridge and Forrester teams to collaborate in a secure, cloud-based workspace. This platform unifies multi-site production teams and creates a seamless process between the Forrester and Lionbridge teams. Forrester has more than 1,200 professionals in over 27 countries that provide proprietary research, customer insight, consulting, events, and peer-to-peer executive programs for market leaders in IT, marketing, and technology. "Forrester's selection of Lionbridge underscores the value we provide for global organizations that develop and deliver high volumes of frequently changing content that must be highly-relevant for customers and partners in local markets worldwide," said Rory Cowan, Lionbridge CEO. "For Forrester and other organizations we combine the most advanced technology and proven services to centralize language assets in the internet cloud while providing valuable, high quality translation and program management in our global network of solution centers. Together, we will improve processes and accelerate time to market for Forrester's world renowned research and consulting information." About LionbridgeLionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com Lionbridge and Freeway are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world. All other trademarks are the property of their respective owners.
Forrester Research (Nasdaq:FORR) hit a new 52-week high Thursday as it is currently trading at $38.76, above its previous 52-week high of $38.75 with 17,854 shares traded as of 2:17 p.m. ET. Average volume has been 65,500 shares over the past 30 days.