ARLINGTON, VA—July 25, 2013—Rosetta Stone Inc. (NYSE:RST) announced today that it has acquired leading education-technology company Lexia Learning Systems, Inc., whose innovative English reading products are used in over 14,000 schools and by more than one million students online, for $22.5 million in cash. The transaction marks Rosetta Stone’s first extension beyond language learning and takes the company deeper into the EdTech industry. With Lexia bringing greater breadth to Rosetta Stone’s K–12 Education business, the company plans to leverage Lexia’s expertise in children’s reading to deepen its engagement with schools and take its digital literacy solutions to young learners in...
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