New York-based TransPerfect, a company that offers language and technology solutions for global business, announced on Monday that it has acquired London-based Sterling Technology, a provider of virtual data room (VDR) solutions for M&A, corporate development, capital markets, and private capital. The financial terms of the deal have not been disclosed.
TransPerfect President and CEO, Phil Shawe, says, “We have admired Sterling’s strong reputation and leadership position in Europe. It is exciting to have them as part of our global team, and I have no doubt we will achieve great things for our clients. We welcome everyone at Sterling to the TransPerfect family.”
Premium virtual data room solutions provider
Sterling Technology claims to be the leading European provider of virtual data room (VDR) solutions. A virtual data room is an informational database that is accessible online and used to store and share materials. It is frequently used to speed up the due diligence procedure during an M&A deal, loan syndication, or private equity or venture capital deal.
Sterling has been supporting the capital and M&A markets for over 30 years, initially with financial printing services. Since opening its first VDR in 2010, the firm has helped customers and users from over 187 countries and 90 industries complete thousands of deals.