Quantcast
Digital

Rosetta Stone buys language-learning startup Livemocha for $8.5 million

Excerpt from TechCrunch

Apr 02, 2013 11:30 am

Skift Take

Rosetta Stone remains the stalwart of language learning platforms, and rather than compete by innovating internally, it’s allowing the new crop of startups to ripen and then snatching them up one by one.

— Samantha Shankman

The Latest Intelligence on the Travel Industry

Free Report: India Tourism Insights Report

Rosetta Stone has just acquired Seattle-based online language-learning community Livemocha for $8.5 million in cash. Livemocha has one of the largest online language-learning communities in the world, boasting over 16 million members from over 195 different countries.

Rosetta Stone will likely use Livemocha’s cloud platform to offer its language packages online — they were once only available via disc set, with a complimentary iPad app.

Rosetta Stone also expects the Livemocha acquisition to help accelerate geographic expansion, as Livemocha’s community is quite global and has a high concentration of users in China, Russia and South America.

Read the Complete Story →

Tags: ,

Next Up

More on Skift

The Big Collision Between Vacation Rentals and the Sharing Economy Is Happening Now
Skift Business Traveler: Where Airline Safety Videos Get Weird
The Most Successful Trip Planning App Still Comes in a Paper Version
Free Webinar: Strategies to Build Better Guest Relationships