Source disclosure: February 12, 2026
SOURCENEXT CORPORATION [4344.T]
TOKYO, Feb 12 (Pulse News Wire) – SOURCENEXT Corporation (4344.T) announced today that its board of directors, held, approved the transfer of various rights related to the Rosetta Stone business in Japan to IXL Learning, Inc. The transfer includes trademark usage rights, program modification rights, and certain assets associated with Rosetta Stone.
Financial details of the transaction have not been disclosed. The decision follows IXL Learning's acquisition of Rosetta Stone LLC in 2021, after which IXL expressed interest in acquiring the Japanese operations. SOURCENEXT believes this move aligns with its strategic focus on investing resources in the AI sector and optimizing its portfolio.
IXL Learning, founded on February 11, 1999, operates educational technology solutions from its headquarters in San Mateo, California. It is led by CEO Paul Mishkin. In its fiscal year ending December 2025, SOURCENEXT reported a special loss of approximately ¥400 million due to the difference between the book value and the sale price of the transferred rights.
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