Announced
Completed
Financials
Tags
Acquisition
Domestic
Majority
Education Services
Private Equity
United States
language training
Friendly
Private
k-12 education
Single Bidder
Completed
Synopsis
IXL Learning, a K-12 personalized learning platform, completed the acquisition of the languages division of Rosetta Stone from Cambium Learning, a provider of digital education solutions. Financial terms were not disclosed. “This latest transaction represents a strategic milestone for Cambium, as we continue to streamline and curate K-12’s leading portfolio of digital curriculum and assessment tools for districts, teachers, and learners everywhere. Now that we have integrated the Lexia Learning business, we will leverage Cambium’s leadership in literacy and assessment to enhance our capabilities across the Cambium portfolio and address education’s most pressing challenges," John Campbell, Cambium Chief Executive Officer.
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