Terms of the agreement were not disclosed

Fairfield Language Technologies (FLT),creator of the revolutionary CD-ROM and online immersion-based RosettaStone? language-learning software, acclaimed for its speed, power andeffectiveness, today announced that it has completed a management buyoutled by private equity firms ABS Capital Partners (ABS Capital) and NorwestEquity Partners (NEP). Terms of the agreement were not disclosed. Founded in 1992 and profitable since its inception, FLT has grown rapidly,increasing revenues by more than 400 percent during the last three years.This transaction will allow the company to continue to fuel its growth andmeet the ever-increasing demands for its award-winning products. The global market for language-learning products and services is estimatedto be $100 billion. This market is expected to continue to grow due toseveral powerful market trends, including globalization, increasingimmigration, the growing penetration of computers and Internet access inschools and homes, greater acceptance of self study as a learning method,increasing numbers of language-learning and travel enthusiasts, and theglobal economic advantages of learning a new language -- especiallylearning English in Asia.is the most recognized language-learning software brand inthe market. It distinguishes itself from other language-learning tools byhelping users develop everyday proficiency naturally, the same way peoplelearn their first language -- by linking new words with real-world objectsand events. The company's Dynamic Immersion(TM) method uses thousands ofreal-life color images to convey the meaning of spoken and written phrasesin the program. Its carefully sequenced structure, use of native speakersand ability to provide instantaneous feedback teaches new languages with outineffective memorization Rosetta Stone Greek , translation or tedious grammar drills. "Fair field Language Technologies created a superior language-learning solution with oursoftware, and I am very pleased that ourmarket-leading position has attracted the interest of strong investmentpartners like ABS Capital and Norwest Equity Partners," said Tom Adams, CEOof FLT. "These are experienced investors who have helped build and growsignificant companies, and our management team looks forward to working with them as we take to the next level." The company employs more than 400 people in three offices located in Harrisonburg, Va.; Fairfax, Va.; and Windsor, England, as well as inspecialty retail locations across the United States. Millions of language learners in more than 150 countries are already using the ? software. "Language learning will continue to play acrucial role in an increasingly global world," said Laura Witt, partner atABS Capital. "Fairfield Language Technologies offers a winning solution toboth consumers and institutions that is differentiated, engaging and effective. We are pleased to be working with the company to build on theiralready proven success." "Fair field Language Technologies has attracted a very high-qualitymanagement team, and that team has grown the company significantly with aunique and sustainable business model," said Steve Farsht, partner at NEP."We are enthusiastic about their opportunities and abilities to achievetheir goals." Madison Capital Funding provided the debt financing portion of this transaction. BNY Capital Markets, Inc an affiliate of The Bank of NewYork, acted as exclusive financial advisor to FLT in connection with this transaction. About the Investors ABS Capital Partners ABS Capital Partners is a private equity firm that was founded in 1990 toinvest in mid- to later-stage growth companies in order to createsignificant, market-leading companies.

Posted in: Rosetta Stone,Rosetta Stone Outlet,rosetta stone software,Rosetta Stone V3