[6] CLS Communication was created in 1997 as a spin-off from Swiss Bank Corporation (now UBS) and Zurich Financial Services.
It acquired London-based Richard Gray Financial Translations (RGFT) in 2004, and added offices in Paris and Madrid.
Under Doris Albisser's leadership, the company grew from an internal bank translation unit into one of the top ten global language service providers.
In January 2015, CLS Communication was acquired by Lionbridge Technologies, Inc., a global translation company based in Waltham, Massachusetts.
[18][19][20] A niche area in which the firm operates is the European standard Undertakings for Collective Investment in Transferable Securities Directives (UCITS IV), which aims to allow collective investment schemes to operate freely throughout the European Union on the basis of a single authorisation from one member state.