Angel-backed Vivity Labs bought by Rosetta Stone for $12 mln

Vivity Labs Inc, the Vancouver-based creator of brain-training app Fit Brains and other products, has been acquired by U.S.-based learning solutions provider Rosetta Stone Inc for US$12 million in cash. The deal, which is expected to close in Jan. 2014, will bring together affiliated products and allow Rosetta Stone to move into new areas of technology-driven education, the company said. Founded in 2007, Vivity Labs received $1 million in angel funding in 2008 according to AngelList.

CanadaNorth AmericaBriefs