SDL to acquire Alterian

Share this content:
Heath Davies
Heath Davies

Translation software and web management firm SDL will acquire London-based CRM firm Alterian for more than $107 million, according to several news reports.

According to RTT News, a global financial newswire, the $1.73 per share offer “is at a premium of 8.6 percent” to Alterian's at the market's close on Thursday. After Alterian rejected SDL's initial $1.26 per share offer, the latter came back at Alterian last month with a revised offer, Reuters reported.

Recently, Alterian has struggled to stay afloat, which gives this most recent announcement “a whiff of inevitability,” George O'Connor, an analyst at Panmure Gordon, told The Financial Times. Last month, Alterian shut its Chicago office as part of a restructuring plan that began in September.

The deal with SDL would increase SDL's customer base, Reuters said. Alterian reportedly considers the terms of the acquisition agreement “to be fair and reasonable,” according to an SDL statement cited by Reuters.

In mid-October, Alterian announced the resignation of Michael Talbot, president and cofounder of the company. Research and development director and cofounder Timothy McCarthy also resigned, and non-executive directors Hugh McCartney and Iain Johnston stepped down from the board.

In July, the company named Heath Davies as CEO. Davies replaced David Eldridge, who resigned in April.

Representatives from SDL and Alterian were not immediately available for comment.

Loading links....

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here