Arlington, Va.-based Rosetta Stone has purchased Livemocha, an online language-learning website for $8.5 million in cash.
Language learning program Rosetta Stone expects the deal to accelerate its transition to cloud-based learning services.
Livemocha, headquartered in Seattle, has more than 16 million members from 195 different countries that use the website to teach, learn and interact online.
For more on the education sector see, "With Dealmakers, School is Still in Session."
Livemocha has raised $14 million in venture capital funding. Maveron, a venture capital firm founded by Starbucks Corp. (Nasdaq: SBUX) founder Howard Schultz, contributed funding.
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