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December 19, 2013
08:38 EDTRSTRosetta Stone to acquire Vivity Labs for $12M in cash
Rosetta Stone announced that it has agreed to acquire Vivity Labs, creator of the Fit Brains product portfolio, for $12M in cash. The close connection between language learning and brain training makes Vivity Labs a natural strategic fit for Rosetta Stone, which is continuing its rapid expansion beyond language learning and into adjacent categories of technology-driven education. In 2014, Rosetta Stone expects that the acquisition of Vivity Labs will contribute bookings in a range of $3M-$5M. Adjusted Operating EBITDA is expected to be in a range of $1M-$2M. After 2015 and beyond, Rosetta Stone expects double-digit percentage bookings growth and Adjusted Operating EBITDA margins of 20%-30%. Rosetta Stone expects to close the transaction in January 2014.
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