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Monterey, Calif., Translation Firm Acquires Rival.

The Monterey County Herald (Monterey, CA)

| April 11, 2002 | COPYRIGHT 2002 Monterey County Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Apr. 11--Monterey-based Language Line Services, the nation's largest translation business, is in the process of acquiring its closest competitor, Chicago-based Online Interpreters, which also maintains a sizable Monterey office.

The transaction surfaced this week in court records stemming from an FBI investigation into an alleged attempt by an Online employee to sell trade secrets to Language Line for $3 million, a scheme that officials of both companies helped thwart late last month.

Language Line officials would not comment Thursday on the acquisition, which reportedly is near completion.

Language Line, owned by a Rhode Island investment bank, employs more than ...

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