IXL Learning: Acquires Rosetta Stone

  • IXL Learning, a San Mateo, Calif.-based developer of personalized learning products, acquired Rosetta Stone, an Arlington, Virginia-based technology-based language education company
  • 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
  • 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
  • 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
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Monzo’s Savings Challenge: Addressing Customer Retention Gaps

How Monzo is tackling retention issues in their savings products.Highlights: Monzo launches a new savings challenge to enhance...

Abound Ventures into Mortgage Market with Ahauz Acquisition

A strategic move aimed at enhancing digital mortgage solutions.Highlights: Abound acquires Ahauz to enhance its mortgage offerings.The acquisition...

Visa Partners with BVNK for Stablecoin Payment Solutions

Exploring Visa's innovative step into the realm of stablecoin transactions.Highlights: Visa collaborates with BVNK to enable stablecoin payments.New...

Payments Association Urges Bank of England to Accelerate Stablecoin Development

Concerns grow over the regulatory hurdles facing stablecoin innovation.Highlights: Payments Association calls for regulatory clarity on stablecoins.Bank of...