The story
From 1997 to 2005 it was called Ambassador Suite and was developed and owned by GlobalSight Corp. that according to Red Herring magazine was one of the "ten companies to watch" in 1999. In 2005, Transware Inc. acquired it and continued its development. In May 2008, Welocalize acquired Transware and GlobalSight. In January 2009 after replacing the proprietary technology used in the product (workflow, database, object relationship mapping, middleware, directory management and scheduling) with open source components Welocalize released version 7.1.
From Wikipedia’s article on GlobalSight, shared under CC BY-SA 4.0.3