ARLINGTON, Va.--(BUSINESS WIRE)--Rosetta Stone Inc. (NYSE: RST), a leading provider of technology-based language-learning solutions, today announced the award of multiple contracts amounting to $2.3 million with educational and government institutions in Colombia, Panama, Mexico, and the Caribbean over the last few months. Recognizing the need for multilingualism in the global workforce, government training institutes and university educators are turning to Rosetta Stone to provide a proven language-learning program for workers and students.
“It is undeniable that globalization and the interconnected global economy are creating a world where business and multilingualism go hand in hand,” said Tom Adams, CEO of Rosetta Stone. “Forward thinking educators and governments are anxious to embrace this reality and Rosetta Stone could not be more pleased to be an integral part of their preparations. Having the opportunity to partner with these governmental and educational institutions enables us to mold future business leaders and emerging global citizens, which is tremendously exciting for our entire company.”
SENA
Expanding its presence in Colombia, Rosetta Stone will provide its award winning language-learning enterprise software to the National Learning Service (SENA), a government initiative focused on the development of education in order to foster employment. The million dollar contract for results-driven programming will make English language training, utilizing Rosetta Stone® Enterprise™, available to 100,000 Colombian learners. The agreement, which has the potential for country-wide expansion in coming years, allows Rosetta Stone to enable SENA with the tools to prepare Colombian citizens for greater career opportunities and improve their competitive position in the global marketplace.
Universidad del Istmo
In Panama, where students currently enrolled in a university or school are required by law to be proficient in English before graduation, Rosetta Stone plays a key role in the educational system. The Universidad del Istmo, a member of the Whitney Schools and one of the top universities in the country, will be the first university in Panama to use Rosetta Stone’s Version 3 solution to meet the requirements of this new law. Rosetta Stone will be integrated into the curriculum for as many as 5,000 students and will be available on campus and through The Universidad del Istmo’s virtual university system, Global Learning.
Tecnológico de Monterrey Preparatoria
Rosetta Stone was also awarded the contract to be the language-learning partner of choice for Tecnológico de Monterrey Preparatoria, the preparatory institution for Tecnológico de Monterrey, one of the top universities in Mexico. Through this contract, Rosetta Stone will provide more than 3,500 students of Prepa Tec with Rosetta Stone® Version 4 TOTALe® and Version 3 language learning solutions so that they can be fully immersed in the English language.
Caribbean Examination Council
Rosetta Stone will also work with the Caribbean Examinations Council (CXC) to provide multilingual offerings to over 2,000 learners, with a focus on Spanish examination preparation. The CXC is the leading provider of examinations for secondary schools in the Caribbean; it spans 19 different countries and works closely with their Ministries of Education. CXC also collaborates with international agencies such as the United Nations, USAID, Commonwealth of Learning and CARICOM. This pan-Caribbean initiative has the potential for drastic growth in the future.
About Rosetta Stone
Rosetta Stone Inc. is the global leader in language-learning software. We have over 20 years of experience in developing award-winning innovations that improve the lives of people and operations of organizations every day. Our proprietary and proven immersion method leverages interactive technologies to replicate the environment in which people learn their first languages and activates learners’ natural aptitudes for learning a new language regardless of their language background. We offer our clients scalable solutions for a variety of needs, from single classrooms to entire organizations and individual learners. Our solutions are implemented in over 15,000 schools, in more than 10,000 private and public sector organizations, and are used by millions of learners in over 150 countries throughout the world. Rosetta Stone is based in Arlington, Va., with international offices in the United Kingdom, China, Korea, Japan, Brazil and Germany. For more information, visit www.RosettaStone.com.
“Rosetta Stone,” “TOTALe” and other names used herein are registered trademarks or trademarks of Rosetta Stone Ltd. in the United States and other countries.