The Cambium family of companies includes: Cambium Assessment, Lexia® Learning, Learning A-Z®, Voyager Sopris Learning®, ExploreLearning®, Time4Learning®, and Kurzweil Education®.
To learn more, visit or follow Cambium on Facebook, LinkedIn, Twitter, and Medium. In everything it does, the company focuses on the elements that are most essential to the success of education, delivering simpler, more certain solutions that make a meaningful difference right now. With an intentionally curated portfolio of respected global brands, Cambium serves as a leader in the education space, helping millions of educators and students feel more universally valued each and every day. To learn more about IXL, visit /IXL and /IXLLearning.Ĭambium Learning® Group is the education essentials company, providing award-winning education technology and services for K-12 markets. The IXL family of products also includes , ABCya, , and the Wyzant tutoring marketplace. With more than 80 billion questions asked and answered around the world, IXL is helping schools successfully boost student achievement. In the transaction, Evercore is serving as financial advisor to IXL Learning and Latham & Watkins LLP is advising IXL Learning on legal matters.Ĭurrently used by 11 million students and by schools in 95 of the 100 top districts in the United States, IXL is an integrated learning platform that effectively supports personalized learning in math, English language arts, science, social studies and Spanish. The divestiture is expected to close in the first half of 2021, subject to regulatory approvals and customary closing conditions. “I have long admired the iconic Rosetta Stone brand and look forward to bringing its leading language resources to even more learners than ever.” “We are excited to welcome Rosetta Stone Languages to the IXL family,” said Paul Mishkin, CEO of IXL Learning. Under its brand, Rosetta Stone provides technology-based language solutions to individual customers, schools and businesses globally. “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.”įounded in 1992, Rosetta Stone's Languages division uses innovative digital solutions to help all types of learners read, write, and speak more than 30 languages. “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,” said John Campbell, Chief Executive Officer of Cambium. Cambium previously closed the acquisition of Rosetta Stone and Lexia Learning in October 2020. Cambium Learning Group will retain Lexia Learning, a leader in the PreK-12 literacy space.
Claim your 1-week free trial to StreetInsider Premium here.ĭivestiture strengthens Cambium’s focus on K-12 digital education solutionsĬambium Learning® Group (“Cambium”), a leading provider of digital education solutions and a portfolio company of Veritas Capital, today announced that it has entered into a definitive agreement to divest Rosetta Stone’s Languages division to IXL Learning, the K-12 personalized learning platform used by 11 million students. Get instant alerts when news breaks on your stocks.