RWS Group, LLC Announces Management-Led Buyout from Watertone Limited

RWS Group, LLC, a leading worldwide provider of translation and localization services, today announced that it has completed a management-led buyout of the company from Watertone Limited, a U.K. company. The buyout was led by RWS Group CEO, Lyra Spratt-Manning, and CFO, Dianne Pierce, with financing provided by private U.S. investors.

SAN FRANCISCO, CA (PRWEB) March 8, 2004 --RWS Group, LLC, a leading worldwide provider of translation and localization services, today announced that it has completed a management-led buyout of the company from Watertone Limited, a U.K. company. The buyout was led by RWS Group CEO, Lyra Spratt-Manning, and CFO, Dianne Pierce, with financing provided by private U.S. investors.

Industry veteran, Lyra Spratt-Manning, will continue to lead the company as chief executive officer. Spratt-Manning has been with RWS Group for over ten years, serving the last five as CEO. She was instrumental in developing RWS Groups language resources and technologies to provide enterprise language solutions to companies operating in global markets.

With worldwide operations, including San Francisco, CA, Boulder, CO, Columbia, MD, Almaty, Kazakhstan, and Moscow, Russia, RWS Group will continue to maintain ISO 9001 certified quality language services and processes.

RWS Group has sustained a leadership in the translation and localization industry for over 30 years," said Lyra Spratt-Manning, chief executive officer, RWS Group. "Today, we have four key elements of success in place: management with strong growth objectives, solid financial resources, employees representing the industrys leading language experts, and a proven record of performance."

About RWS Group (translate.com)
RWS Group, an ISO 9001 company with three decades of experience and operations worldwide, provides clients with enterprise language solutions. RWS Group provides multilingual solutions to the information technology, life sciences, legal, financial, aerospace, automotive, advertising, and telecommunications industries. Services include localization of software, websites, marketing communications, technical documentation, localization testing, and cultural consulting. RWS enterprise language solutions are supported by development of language technologies designed to assist in localization processes and projects.

For additional information, contact: Ken Caraska, RWS Group, LLC at (415) 512-8800 or by e-mail at news@translate.com