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Rose-Hulman joins PLTW as Newest Affiliate Partner

University will support PLTW engineering programs in Indiana

INDIANAPOLIS (December 16, 2013) | Rose-Hulman Institute of Technology, Terre Haute, Ind., is the newest affiliate partner for Project Lead The Way (PLTW). Rose-Hulman joins approximately 50 other colleges, universities, and research institutions providing support for PLTW and its network of nearly 5,200 schools in the United States. Rose-Hulman becomes the third PLTW affiliate partner in Indiana, joining IUPUI and Purdue University. 
 
Affiliate universities and partners are an integral part of the PLTW experience. As an affiliate partner, Rose-Hulman will work with PLTW to support and grow K-12 STEM (science, technology, engineering, and math) programs in Indiana. The institution will host PLTW's annual professional development training programs, host annual conferences for school administrators and counselors, as well as provide ongoing support to PLTW schools. Dr. Christine Buckley, a 19-year Rose-Hulman faculty member and current associate professor of biology and biomedical engineering, will serve as Rose-Hulman’s PLTW Affiliate Director.
 
“Rose-Hulman Institute of Technology is one of the nation’s premier engineering, science, and math universities,” said PLTW President and CEO Dr. Vince Bertram. “STEM education has never been more crucial for our country, and we are thrilled to have such a prestigious, highly regarded partner as Rose-Hulman to further our important work.”
 
As an Indiana—and national— higher education leader in engineering and technology, Rose-Hulman’s history is rich in innovative STEM education programs.
 
“Rose-Hulman Institute of Technology has a long history of K-12 STEM involvement,” said James Goecker, Vice President of Enrollment Management at Rose-Hulman. “Partnering with PLTW is a very natural progression of that movement. Our hope is to add Rose-Hulman’s unique expertise in undergraduate engineering education to the already great PLTW curriculum.”
 
Rose-Hulman was one of the first colleges in the nation to provide a summer hands-on engineering program for high school students. Now in its 48th year, Operation Catapult reaches more than 300 students each year.
 
Teachers and students in Indiana often turn to Rose-Hulman as an important resource. Rose-Hulman’s Portal Resource for Indiana Science and Mathematics (PRISM), an online community for middle school and high school teachers, recently received its 300 millionth “hit.” In addition, the university’s “Homework Hotline,” now more than 20 years old, receives nearly 40,000 calls annually from students seeking assistance with K-12 mathematics and science homework. Through the hotline (1-877-ASK-ROSE), trained Rose-Hulman students lead callers through a process of learning and understanding to answer their questions.
 
Please join PLTW in welcoming Rose-Hulman to the PLTW network. 
 
About PLTW
Project Lead The Way (PLTW) is the nation’s leading provider of STEM programs. PLTW’s world-class, activity-, project-, and problem-based curriculum and high-quality teacher professional development model, combined with an engaged network of educators and corporate partners, help students develop the skills needed to succeed in our global economy. More than 5,200 elementary, middle, and high schools in all 50 states and the District of Columbia are currently offering PLTW courses to their students. For more information, visit www.pltw.org.
 
About Rose-Hulman Institute of Technology
Founded in 1874, Rose-Hulman Institute of Technology is dedicated to preparing its students with the world’s best undergraduate science, engineering, and mathematics education in an environment infused with innovation, intellectual rigor, and individualized attention. The college, located in Terre Haute, Indiana, has an enrollment of approximately 2,000 undergraduate students and 100 graduate students. For 15 consecutive years, U.S. News & World Report has rated Rose-Hulman as the top undergraduate engineering college in the nation whose highest degree is a bachelor’s or master’s. Rose-Hulman has also been recognized by The Princeton Review, which cited six of the institute’s professors within their 2012 Best 300 Professors book, the only institution of higher learning in Indiana to be included. Learn more at www.rose-hulman.edu.
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Samasource Announces $2 Million Google Global Impact Award for Technology-Driven Social Innovation

Samasource Announces $2 Million Google Global Impact Award for Technology-Driven Social Innovation (via PR Newswire)

SAN FRANCISCO, Dec. 13, 2013 /PRNewswire-USNewswire/ -- Samasource today announced that it has been granted a $2 million Google Global Impact Award. This funding will be used to create technology-enabled jobs for thousands of youth and women globally…

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The Gooru Corner: Overfishing


 

Take a look at that anonymous slab of white fish on your plate. It might look plain, but for most of us fish is the last wild-caught food that we get a chance to eat. However, future generations may not take it for granted that fresh, wild seafood can be so easily obtained. That's because current fishing practices are emptying out the seas at an alarming rate. How large is the crisis? And what can a consumer and citizen do to help out? This week's collection dives into (pun intended) this troubling, urgent problem.

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Gooru is a free search engine for learning developed by a 501(c)(3) non-profit organization whose mission is to honor the human right to education. Visit us at www.goorulearning.org.

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UMD Launches Online Course for Transitioning Service Members and Veterans on Energy Problem Solving

UMD Launches Online Course for Transitioning Service Members and Veterans on Energy Problem Solving (via PR Newswire)

--Engineering course supported by Department of Defense will focus on design skills-- COLLEGE PARK, Md., Dec. 12, 2013 /PRNewswire-USNewswire/ -- The University of Maryland's Clark School of Engineering will offer a new online course on energy problem…

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YouTube Video & Microsite from Today's #CSEd2C Town Hall

Thank you to everyone who joined us and Tata Consultancy Services (TCS) for our Computer Science Education: Putting Policy and Practice Together Town Hall celebrating Computer Science Education Week. It's incredible to think that just during the span of the Town Hall on Google+, the numbers of students who have already participated in the Hour of Code jumped from 11 million to 11.5 million. Even more amazing is that 53% of them are girls!

Special thanks to Cameron Wilson from Code.org for providing those numbers and the rest of our incredible speakers Surya Kant, Balaji Ganapathy, and Caitlin Olson from TCS, Rob Atkinson from ITIF, and, representing STEMconnector, Ted Wells and Edie Fraser.

Make sure you check out TCS's Microsite, which includes a free download White Paper on the Future of Computer Science Education, Key Recommendations, and Info-Graphics: http://on.tcs.com/CSEd2C 

And in case you missed the live event, no worries- it's already up on our YouTube Page. youtube.com/stemconnectororg and down below. Enjoy!

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Alfred Grasso: Building the Next Generation of Innovators

This is a Guest Blog by Alfred Grasso: President and CEO of The MITRE Corporation

Our nation’s future depends in large part on fostering innovation in the STEM (science, technology, engineering, and math) fields—yet the number of American students pursuing STEM education continues to decline. In underserved communities, there has been even less of a focus on STEM education. The numbers are striking.
 
By 2050, African Americans, Latinos, Native Americans, Alaskan Natives, Native Hawaiians, and Pacific Islanders will make up 45 percent of the U.S. population. (Census Bureau) Still, these populations continue to be underrepresented in the STEM fields.
 
African Americans comprise 15 percent of the population of adults in their early twenties, but they receive only 8 percent of bachelor’s degrees in science and engineering. (National Science Foundation) 
 
Even more staggering are the statistics on advanced degrees. African Americans, Hispanic Americans, and Native Americans historically make up less than 1 percent of all Ph.D. graduates in science and engineering. (2002 Survey of Earned Doctorates) 
 
Equally concerning, women make up 58 percent of college students yet only 18 percent of engineering students.
 
STEM education—particularly for underrepresented groups—must be increased to ensure the competitiveness of our country. Organizations like the National Action Council for Minorities in Engineering and the National GEM Consortium are playing important roles as they work to increase the number of underrepresented groups pursuing education and careers in the STEM fields. These organizations are among a larger group of not-for-profit organizations that promote participation by underrepresented groups in undergraduate and post-graduate science and engineering education and in the technical workforce. 
 
Student programs can inspire deep interests in STEM related fields for students of all ages and backgrounds. These programs match students with professional staff working on technical problems that have real-world impact. The translation of math and science skills into practical application is especially important to the next generation of students and professionals who are increasingly seeking relevance and purpose in their pursuits.
 
Equally important are STEM teacher programs that provide much needed resources and continuing development for our educators. We cannot make up the deficit in STEM students without first addressing the need to have sufficient numbers of well qualified teachers. Armed Forces Communications and Electronics Association (AFCEA) and National Science Teachers Association (NSTA)  have partnered to offer scholarships to students actively pursuing an undergraduate degree, graduate degree, or credential/licensure for the purpose of teaching STEM subjects at a U.S. middle or secondary school.
 
MITRE is deeply committed to advancing STEM education in the United States. Our Student Program enables 200 young people annually to join MITRE in a co-op, internship, or full-time job. MITRE has sponsored more than 70 GEM interns and hired many into permanent positions. Because it’s important to reach students at an early age, we allocate hours for our employees to volunteer their time and talent in the community. MITRE’s annual Young Women in Engineering events in McLean, VA, and Bedford, MA, have reached hundreds of middle-school girls, many of whom go on to pursue STEM careers. Our employees also mentor students in the community, serve as judges in science fairs, host robotics and LEGO competitions, and speak at local schools—all to pass along their enthusiasm for science and technology.
 
We believe the best and most innovative solutions are achieved when teams with diverse skills, experiences, and perspectives collaborate. It’s imperative that we nurture diversity in the workplace and in our schools and communities, and we are pleased to share our practices that have delivered strong results. I am confident that our collective success will ultimately lead to world-changing innovations. 
 
Alfred Grasso is an honoree in our 100 CEO Leaders in STEM Publication. He was featured in the #100STEMCEOs Blog Series earlier this year. Check out our Q&A with him here: http://blog.stemconnector.org/todays-ceo-leader-stem-alfred-grasso-mitre
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The Gooru Corner: Ending Overfishing

 
We all may know vaguely that overfishing is happening in our oceans, but very rarely does the issue actually confront us. This beautiful, unsettling video is a phenomenal introduction to overfishing: the crisis, the causes, and how we can step in to save our oceans. Whether you're interested in ecology or just interested in seafood, this video is a must-watch.
 
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Gooru is a free search engine for learning developed by a 501(c)(3) non-profit organization whose mission is to honor the human right to education. Visit us at www.goorulearning.org.

 

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Rosetta Stone to Acquire Leading International Language Company Tell Me More, Bolstering Position in Global B2B Market

Acquisition Expands Geographic Footprint in Europe and China, Adds Complementary Intermediate and Advanced Language Products

ARLINGTON, VA - December 11, 2013 | Rosetta Stone Inc. (NYSE:RST), a leading provider of education technology and language-learning solutions, today announced it has agreed to acquire Tell Me More S.A., a global language-learning software company with significant presence throughout Europe, including France and Spain, as well as in the U.S., Latin America and China.  The purchase price is €20.75 million ($28 million), including assumed net debt.
 
Approximately 95% of Tell Me More’s €18.5 million ($25 million) business is focused on the Corporate and Higher Education verticals.  The company offers a robust suite of SaaS-based language learning products and services that provides intermediate, advanced and business language solutions in nine languages.  Tell Me More currently serves more than 3,000 customers worldwide and will increase Rosetta Stone’s Enterprise & Education business to over $100MM on an annualized basis.
 
“Tell Me More is an exceptional fit for Rosetta Stone,” said Steve Swad, President and CEO of Rosetta Stone.  “This acquisition will immediately strengthen our growing Enterprise & Education business with a complementary suite of products and services that enhances our offering around the world.  We will also be significantly building up our European operations and acquiring an established operation in China, where we are not present today.  In addition,” Swad continued, “we are going to introduce Tell Me More’s products into some of our Consumer markets, giving our customers even greater choice.”
 
Tell Me More’s core offering is built on a sophisticated Software-as-a-Service (SaaS) platform that includes up to 2,000 hours of instructional content with over 35 learning activities per language, including assessment, placement and certification testing that is aligned with standards.  With Tell Me More, Rosetta Stone will now offer the most comprehensive suite of products and services in the industry with the broadest number of languages, greatest depth of content and largest geographic reach.
 
“Rosetta Stone is one of the most respected language-learning brands in the world and we’re delighted to join and help grow the company,” said Nagi Sioufi, CEO and founder of Tell Me More. “We’ve been developing and marketing comprehensive language-learning solutions for schools and businesses for over two decades, and this partnership will enable us to reach more consumers and organizations than ever before. This is an excellent strategic match, making the combined company a stronger player in the market.”
 
Rosetta Stone expects to fully integrate Tell Me More’s operations and achieve significant synergies from combining the two companies.  In particular, the direct sales forces of the two companies will be united under the Rosetta Stone brand, taking advantage of Rosetta Stone’s sales and marketing infrastructure and overall scale to grow the combined company.
 
“The acquisition of Tell Me More is an exciting way to close out what has been a transformative year for Rosetta Stone,” added Swad.  “We believe that with Tell Me More under the Rosetta Stone brand, we will be leveraging the scale and brand equity of Rosetta Stone to deliver compelling solutions for our customers and create value for shareholders.”
 
Financial Outlook*
 
In 2014, Rosetta Stone expects that the acquisition of Tell Me More will contribute bookings in a range of $25 million to $27 million.  Adjusted Operating EBITDA is expected to be in a range of $3 million to $4 million, excluding the impact from one-time integration expenses, which are estimated at $3 million to $4 million.  For the year, Rosetta Stone expects free cash flow from Tell Me More to be neutral as cash from operations is offset by integration expenses.
 
Beyond 2014, Rosetta Stone expects the contribution from Tell Me More to reflect modest top-line growth and Adjusted Operating EBITDA margins of 25% or greater.
 
The company expects to provide an update for its 2014 outlook when it reports fourth quarter 2013 earnings results.
 
Rosetta Stone expects to close the transaction in January 2014.
 
The company has made a presentation regarding this acquisition available on the "Investor Relations" page of the company's website at http://investors.rosettastone.com
 
SunTrust Robinson Humphrey, Inc. is acting as exclusive financial advisor to Rosetta Stone in connection with this transaction.
 
*This press release contains several non-GAAP financial measures.
 
Bookings represent executed sales contracts received by the Company that are either recorded immediately as revenue or as deferred revenue.
 
Adjusted Operating EBITDA is GAAP net income or loss plus interest income and expense, income tax benefit and expense, depreciation, amortization and stock-based compensation expenses, plus the change in deferred revenue.  Adjusted EBITDA excludes any items related to the litigation with Google Inc., restructuring costs and transaction and other costs, including integration expenses, associated with mergers and acquisitions. 
 
About Rosetta Stone Inc.
Rosetta Stone Inc. (NYSE: RST) is dedicated to changing the way the world learns. The company’s innovative technology-driven language and reading solutions are used by thousands of schools, businesses, government organizations and millions of individuals around the world. Founded in 1992, Rosetta Stone pioneered the use of interactive software to accelerate language learning. Today the company offers courses in 30 languages, from the most commonly spoken (such as English, Spanish and Mandarin) to the less prominent (including Swahili, Swedish and Tagalog). In 2013, Rosetta Stone expanded beyond language and deeper into education-technology with its acquisitions of Livemocha and Lexia Learning. Rosetta Stone is based in Arlington, VA, and has offices in Harrisonburg, VA, Boulder, CO, Austin, TX, San Francisco, CA, Seattle, WA, Concord, MA, Tokyo, Seoul, London, Dubai and Sao Paulo.
 
For more information, visit www.rosettastone.com.
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The New York Times Editorial Board Cites 100Kin10 as "Most Important Effort" in STEM Teacher Preparation

The New York Times Editorial Board Cites 100Kin10 as "Most Important Effort" in STEM Teacher Preparation (via PR Newswire)

NEW YORK, Dec. 10, 2013 /PRNewswire-USNewswire/ -- A full-page editorial in The New York Times called 100Kin10 "the most important effort" in STEM teacher preparation in the country. The December 8 editorial highlighted potential solutions for improving…

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STEM Leaders to Release Computer Science Education Roadmap

STEM Leaders to Release Computer Science Education Roadmap (via PR Newswire)

Live Town Hall, White Paper and Microsite to Unveil Education Blue Print Download image Tata Consultancy Services.(PRNewsFoto/Tata Consultancy Services) WASHINGTON and MUMBAI, India, Dec. 10, 2013 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE…

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