 CLS Communication was created in 1997 as a spin-off from Swiss Bank Corporation (now UBS) and Zurich Financial Services.In 2002, the company in-sourced the translation teams of Swisscom and Sunrise, Switzerland's two leading telecommunications companies, and the translation unit of the Raiffeisen banking group in Switzerland, setting up offices in London and New York.it acquired London-based Richard Gray Financial Translations (RGFT) in 2004, and added offices in Paris and Madrid.