SDL, a translation software and Web management company, has agreed to acquire marketing technology company Alterian. The price has been set at $107 million, according to reports.
Alterian shuttered its Chicago office in November as part of a restructuring plan undertaken in September. Last week, Alterian reported an operating loss of $1.4 million for the six months ended Sept. 30 on sales of $27.0 million. This compared with a profit of $4.6 million in the year-earlier period on sales of $28.7 million.