IXL Learning, a San Mateo, Calif.-based developer of personalized learning products, acquired Rosetta Stone, an Arlington, Virginia-based technology-based language education company.
The amount of the deal was not disclosed.
Founded in 1992 and led by Matt Hulett, President, Rosetta Stone enables more than one million people in 150 countries to read, write and speak 30 languages. Its Dynamic Immersion® learning method uses real-world scenarios to help users develop fluency, and TruAccent® speech recognition leverages machine learning to perfect students’ accents. The company also offers Coaching and Live Lessons, which virtually connect learners with native speakers to practice their pronunciation and grammar skills, receive positive reinforcement and build confidence in speaking.
Led by Paul Mishkin, CEO, IXL Learning IXL is an integrated learning platform that supports personalized learning in math, English language arts, science, social studies and Spanish.
Rosetta Stone is IXL’s latest strategic acquisition. Last month, February 2021, IXL acquired Wyzant, a marketplace for online tutoring. In March of 2020, IXL added Vocabulary.com, the educational destination for improving literacy through vocabulary building. In 2019, IXL completed the acquisition of Education.com, an online learning resource serving 23 million teachers and parents. ABCya, the creator of more than 400 educational computer games and apps for kids, joined the IXL family in 2018.
FinSMEs
18/03/2021