Sajan Announces Shareholder Approval and Closing of Acquisition by AMPLEXOR International
20 July 2017 - 2:37AM
Sajan, Inc. (Nasdaq:SAJA), a leading provider of global language
translation and localization services, today announced the
shareholder approval and closing of the previously announced
acquisition of Sajan by a wholly-owned subsidiary of AMPLEXOR
International. Under the terms of the agreement, Sajan shareholders
are entitled to receive $5.83 in cash for each share of Sajan
common stock they hold.
With the completion of the transaction, shares of Sajan common
stock will no longer be listed on Nasdaq and trading in Sajan
shares has been suspended. Sajan is now a privately held company
and a wholly-owned subsidiary of AMPLEXOR.
Dougherty & Company, LLC acted as exclusive financial
advisor to Sajan and provided a fairness opinion to the special
committee of the Board of Directors of Sajan. Fredrikson &
Byron, P.A. acted as legal advisor for Sajan and Quarles &
Brady LLP acted as legal advisor to AMPLEXOR.
About SajanSajan is a leading provider of
global language translation and localization services, helping
clients around the world expand seamlessly into any global market.
The foundation of Sajan’s solution is its industry-leading language
translation management system technology, Sajan Transplicity, which
provides process automation and innovative multilingual content
reuse to ensure schedule predictability, higher quality and cost
efficiencies for its clients. By working closely with its clients,
Sajan’s experienced team of localization professionals develops
tailored solutions that lend flexibility to any large or small
business that truly desires to “think globally but act locally.”
Based in the United States, Sajan also has offices in Ireland,
Spain and Singapore. Visit Sajan online at www.sajan.com.
About AMPLEXORAMPLEXOR International,
headquartered in Luxembourg, is a leading digital solution provider
offering global compliance, digital experience and content
solutions. Continuously growing since its foundation in 1987 and
today with a presence in over 23 countries, AMPLEXOR helps
customers across key industries, such as Life Sciences,
Manufacturing, Energy & Environment, the Public Sector and
Defense, Aerospace & Transport achieve process efficiency,
increase revenue generation, reduce time-to-market and ensure
quality and compliance. AMPLEXOR’s turnkey solutions support core
industry processes, and include software technology, consulting,
system integration, and language and content management services.
For more information, visit www.AMPLEXOR.com.
Contact:
Gretchen VanDusartz
Digital Communications Specialist
email: gvandusartz@sajan.com
phone: 715-426-9505
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