Rosetta Stone to buy Tell Me More for EUR20.75m

Rosetta Stone Inc. (NYSE: RST) said it has agreed to acquire Tell Me More S.A., a global language-learning software company with significant presence throughout Europe, the US, Latin America and China. The purchase price is EUR20.75m (USD28m), including assumed net debt.

Approximately 95% of Tell Me More`s EUR18.5m (USD25m) business is focused on the corporate and higher education verticals. The company offers a robust suite of SaaS-based language learning products and services that provides intermediate, advanced and business language solutions in nine languages. Tell Me More currently serves more than 3,000 customers worldwide and will increase Rosetta Stone`s Enterprise & Education business to over USD100MM on an annualized basis.

Founded in 1992, Rosetta Stone pioneered the use of interactive software to accelerate language learning. Today the company offers courses in 30 languages, from the most commonly spoken (such as English, Spanish and Mandarin) to the less prominent (including Swahili, Swedish and Tagalog). For more information, visit www.rosettastone.com.

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One Comment

  1. A lot of people don’t realize what’s going on here in the language learning space. We covered this acquisition extensively and provided our assessment based on feedback we’ve gathered from hundreds of language learners and from our deep understanding of the market: http://blog.lingo-live.com/2013/12/11/how-rosetta-stone-buying-tellmemore-doesnt-bode-well-for-language-learners/

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