Addition of Rosetta Stone Expands Cambium’s Digital-Centric Portfolio
Cambium Learning Group, Inc., a leading provider of digital education solutions and professional learning services and a portfolio company of Veritas Capital, today announced that it has completed its acquisition of Rosetta Stone, a world leader in technology-based language and literacy learning.
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Founded in 1992, Rosetta Stone’s language division uses innovative digital solutions to help all types of learners read, write and speak more than 30 languages. Lexia Learning, Rosetta Stone’s literacy education division, is a leader in the PreK-12 literacy space and helps students build reading and oral language skills through its evidence-based, independently evaluated instruction and assessment blended-learning programs. Solutions include Lexia® Core5® Reading (online differentiated literacy instruction for students of all abilities in grades pre-K-5), Lexia® PowerUp® Literacy (online solution to help struggling readers in grades 6-12 become proficient readers and confident learners), Rosetta Stone® English (online blended solution to build oral language skills in emergent bilinguals), and Lexia® Rapid™ Assessment (research-based, computer-adaptive reading and language assessment). As award-winning digital solutions designed to deliver meaningful learning outcomes, Rosetta Stone and Lexia Learning strongly align with Cambium’s digital-centric portfolio of literacy products.
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“Rosetta Stone and Lexia Learning are both iconic digital education brands with tremendous breadth and impact worldwide. Despite the uncertain time in the education industry, both brands have shown remarkable resilience and partnership to their growing base of users,” said John Campbell, CEO of Cambium Learning. “By leveraging our combined scale, Rosetta Stone and Lexia Learning will be able to reach even more teachers, students and lifetime learners and better serve their existing customers.”
“We are thrilled to welcome Rosetta Stone and Lexia Learning to Cambium Learning to create one of the largest and most impactful digital education providers in the world. We look forward to Cambium’s continued growth as it transforms the future of K-12 education for administrators, teachers and students,” added Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas.
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