Union Square Advisors Serves as Exclusive Financial Advisor to Lionbridge in its Acquisition of CLS Communication

Demonstrates Union Square Advisors continued strength in providing insight and quality strategic advisory services to leading technology companies

On November 10, 2014, Lionbridge Technologies, Inc. (Nasdaq: LIOX) announced a definitive agreement to acquire CLS Communication, a privately held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and Zurich-based CLS will address growing demand for integrated, technology-enabled translation solutions that will allow organizations to create, translate and manage digital content worldwide.

Lionbridge expects to purchase CLS for approximately 74 million Swiss Francs, or approximately $77 million US, in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being funded using Lionbridge’s existing cash and a new credit facility. Lionbridge expects rapid synergies of the combined business, which will allow the company to achieve double digit EBITDA margin in 2016 and accelerate its end market diversification. The transaction is expected to close in early 2015 and to be accretive to non-GAAP earnings in 2015.

About Lionbridge

Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation and testing solutions. Lionbridge combines global resources with proven program management skills to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation and testing. Global organizations rely on Lionbridge to increase international market share, speed adoption of products and content and effectively engage customers in local markets worldwide. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. For more information, please visit www.lionbridge.com

About CLS Communication

CLS Communication, incorporated in 1997 as a spin-off from UBS and Zurich Financial Services, is a global provider of language services. CLS provides services for end-to-end multilingual text management including complete language translations, editing and writing as well as technical documentation. The company serves a broad and large client base with complex language service requirements across the globe, primarily in the financial, government, life science, insurance, legal, telecom and utilities sectors. Headquartered in Zurich, Switzerland, CLS employs 600 internal staff including numerous translators, copywriters, editors and technical specialists as well as 5,000 external language and technical specialists in 20 locations globally. For more information, please visit www.cls-communication.com

About Union Square Advisors

Union Square Advisors LLC is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, as well as agented private capital financing services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, venture capital and private equity firms across the technology landscape with a primary focus on Software, Software-Enabled Services, IT infrastructure and Internet / Digital Media. For more information on Union Square Advisors, please visit www.usadvisors.com