Scientific Learning Closes Acquisition of Soliloquy Learning
1/07/08
Media Contact:Jessica Lindl
Vice President of Marketing
Scientific Learning Corporation
(510) 625-6784
jlindl@scilearn.com
Investor Contact:
Jane A. Freeman
Executive Vice President and CFO
Scientific Learning Corporation
(510) 625-2281
investorrelations@scilearn.com
OAKLAND, CA - January 7, 2008 - Scientific Learning (NASDAQ: SCIL) announced today that it has completed the acquisition of Soliloquy Reading AssistantTM and all other assets of the Soliloquy Learning business from JTT Holdings, Inc. Reading Assistant is a software tool that combines advanced speech recognition technology with scientifically-based interventions to help elementary and secondary students strengthen their reading fluency, vocabulary and comprehension toward becoming proficient, life-long readers. The acquisition agreement between Scientific Learning and JTT Holdings for the assets of Soliloquy Learning was announced on December 18, 2007. The van Tulleken Company, with offices in New York City and London, acted as sole advisor to JTT Holdings regarding its strategic options for the Soliloquy business, and led the negotiations and execution of the transaction on its behalf.
About Soliloquy Learning
Soliloquy Learning pioneered new and effective methods for improving reading and spoken language skills. The company's flagship product, Soliloquy Reading AssistantTM introduced in 2002 provides one-on-one reading support using proprietary speech recognition technology to monitor and assist students through Guided Oral Reading, the research-proven best practice for fostering reading progress beyond the basics. Research on the efficacy of Soliloquy Reading Assistant has been sponsored through research grants from the National Institute of Health and Child Development and the US Department of Education - Institute for Education Sciences. Soliloquy Learning is based in Waltham, Mass. http://www.soliloquylearning.com/
About Scientific Learning Corporation
Scientific Learning creates educational software that accelerates learning by improving the processing efficiency of the brain. The patented Fast ForWord® family of products provides struggling readers with computer-delivered interventions and intensive exercises that build the cognitive skills required to read and learn effectively. Based on more than 30 years of neuroscience and cognitive research, the Fast ForWord products apply patented technology and validated neuroscience principles of brain plasticity to help children, adolescents, and adults improve processing efficiency and achieve enduring gains. The efficacy of the products and the science behind them has been established by more than 550 research studies and publications. For more information, visit http://www.scientificlearning.com/ and http://www.brainconnection.com/, or call toll-free 888-452-7323.
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