BEV Beverly Enterprises

Lionbridge Secures a Three-Year, Multi-Million Dollar Information Technology Services Agreement with Beverly Enterprises WALTHAM, Mass., Oct. 14 /PRNewswire-FirstCall/ -- Lionbridge (NASDAQ:LIOX), today announced a three-year, IT services outsourcing agreement with Beverly Enterprises Inc. (NYSE:BEV). As Beverly's strategic outsourcing provider, Lionbridge will provide ongoing development, testing, maintenance and support services for Beverly's portfolio of enterprise technology applications and systems, including financial applications such as accounts payable, receivables, general ledger and payroll, the company's PeopleSoft HRIMS Benefits implementation, and various front-office web-based applications. "Lionbridge's healthcare industry expertise, program management skills and solid experience will help us improve and streamline our Information Technology operations and enable us to provide a higher level of customer service," said Jeff Freimark, Executive Vice President for Beverly. "We anticipate that our partnership with Lionbridge will provide increased flexibility and efficiency, improved productivity and better financial and business decision making. It will allow us to focus on what we do best -- providing quality care to the elderly men and women we serve." Leveraging its global infrastructure and process sophistication, Lionbridge will combine program management experts onsite at Beverly with a team of application engineers, developers and support professionals offshore in Lionbridge's Mumbai, India solution center. This proven onsite/offshore model will provide Beverly with comprehensive IT services and support for back office applications, data processing systems, data warehousing and data mining activities while allowing the company to improve its processes with fully integrated, web-based user applications. "As the largest long-term healthcare company in the U.S., Beverly is embracing an IT outsourcing strategy that generates both short and long-term cost benefits while enabling them to concentrate on their core business," said Rory Cowan, CEO, Lionbridge. "This agreement with Beverly reflects the increasing diversity of Lionbridge's client base and underscores the power of our global outsourcing model that enables organizations in all industries to reduce costs, optimize their existing resources and improve processes." About Lionbridge Lionbridge Technologies, Inc. (NASDAQ:LIOX) is a provider of globalization and testing services. Lionbridge combines global onshore, near- shore and offshore resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle -- from development to globalization, testing and maintenance. Global organizations in all industries rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains 20 solution centers in 9 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com/. About Beverly Enterprises Beverly Enterprises, Inc. and its operating subsidiaries are leading providers of healthcare services to the elderly in the United States. Beverly currently operates 355 skilled nursing facilities, as well as 18 assisted living centers, and 44 hospice centers. Through Aegis Therapies, Beverly also offers rehabilitative services on a contract basis to facilities operated by other care providers. For more information, http://www.beverlycares.com/. Contact: Sara Buda Lionbridge Technologies (781) 434-6190 DATASOURCE: Lionbridge Technologies, Inc. CONTACT: Sara Buda of Lionbridge Technologies, +1-781-434-6190, Web site: http://www.lionbridge.com/ http://www.beverlycares.com/

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