Source: Global Watchtower
The Localization Industry Standards Association (LISA), the language industry’s oldest association, announced today that it was shutting down operations effective 28 February 2011 in order to limit further financial commitments. Nonetheless, the Standards Summit scheduled for Boston commenced as scheduled. Director Michael Anobile notified LISA members in an e-mail earlier today.
What does this mean for LISA and its members? For the past year, LISA’s management has been reaching out to other associations and companies for partnering, joint ventures, and even the transfer or sale of assets. What are LISA’s assets and how might they be distributed if LISA fails to recapitalize? We see activity around two major sets of assets:
What does LISA’s shutdown mean? If LISA and some of the associations with which it has been communicating can come to terms, the merger of its activities with others could lead to a stronger industry with better, more heavily attended conferences and more activity on the essential tasks of setting industry standards to support the interoperability that many other technology sectors already have.