ABRY Announces acquisition of Language Line Services
Boston (June 11, 2004) – ABRY Partners has acquired Language Line
Services for approximately $722 million. Language Line is the leading
provider of over-the-phone interpretation ("OPI") services from English
into more than 150 languages, 24 hours a day, seven days a
week. Language Line's specially-trained, proprietary base of
interpreters perform value-added OPI services which facilitate critical
business transactions and delivery of emergency and government services
between its customers and limited English proficiency ("LEP") speakers
throughout the world.
In 2003, Language Line helped more than 20
million people communicate across linguistic and cultural barriers,
providing over 80 million billed minutes of OPI services to its
customers. Language Line's service offers its customers a high-quality,
cost-effective alternative to staffing in-house multilingual employees
or using face-to-face interpretation. Through its OPI services,
Language Line improves its customers' revenue potential, customer
service and competitiveness by enhancing their ability to effectively
serve the growing population of current and prospective LEP speakers.
Partners, based in Boston, is one of the oldest and largest private
equity funds in North America investing exclusively in media and
communications companies. ABRY has over $2.0 billion of capital under
management and since 1989 has completed over $7.0 billion of leveraged
transactions in the media and communications industries.