pcJ News Briefs – Edlio, a portfolio company of L Squared Capital Partners, has acquired Scholantis. Financial terms were not disclosed.
Vancouver based Scholantis is a school and district website and portal developer for Canadian schools.
Los Angles, California based Edlio is a leading provider of communication platforms for K-12 schools and districts. L Squared Capital Partners invested US $40 million for an undisclosed stake in Edlio.
L Squared Capital Partners is a US $550 million private equity fund that seeks to make long-term investments (buyout, recapitalization and founder liquidity events) in leading growth companies that operate in targeted sectors: Technology-Enabled Services, Industrial Technology & Services, and Education.
photo credit: Scholantis
News Release
Edlio Communication Platform Expands into Canadian Market
Edlio has acquired Vancouver, BC based school district website and portal developer Scholantis.
(PRWEB) DECEMBER 20, 2017
Edlio, a leading provider of communication platforms for K-12 schools and districts, is pleased to announce it has acquired the Canadian software company Scholantis. This acquisition is a key component of Edlio’s strategy of rapidly growing in both capabilities and market share throughout the education market while never losing sight of its core mission of increasing engagement between teachers, students, and parents. Building on the success of both companies, Edlio will continue to create next-gen communication tools packaged in a user-friendly interface that sets the bar for end-user experiences across the industry.
“By joining forces with Scholantis, we will be able to continue to serve and grow our offerings in Canada. We are very excited to be able to provide a fully localized platform for Canadian schools and school boards.” – Ali Arsan, CEO of Edlio
Market Changing Opportunities
This merger will allow Canadian schools to take advantage of both the dedication and extensive array of services Edlio currently offers schools and districts throughout the United States and Latin America.
The combined company will build on Scholantis’ history as a trusted partner in developing custom digital portals for schools throughout Canada. Scholantis’ existing clients will benefit from the increased breadth of experience that Edlio brings to the table, especially with regard to making the transition from local server installations to modern cloud implementations.
Both companies serve a total of 8,000 education clients worldwide. Edlio is excited to offer these clients best-in-class content management systems and cloud-based communication services, while still working with the teams with whom they have built professional relationships dating back in many instances more than 15 years.
“Edlio and Scholantis share the same deep commitment to customer service excellence, so we feel that our clients will have a great experience when they are ready to move their sites to a cloud-based platform.” – Drew Carmichael, President of Scholantis
Continued Growth
Edlio will continue to be dedicated to its services to educators across the globe. By leveraging decades of experience in developing comprehensive online communication platforms, in addition to the latest in cloud technology, Edlio is ideally placed to provide turn-key services for K-12 schools and districts of all sizes and IT budgets.
A great example of these turn-key services is shown through a recent acquisition – Sangha. This platform makes it easy to bring parents into the classroom through personalized mobile communications apps.
Edlio’s History and Focus
Edlio has been a leader in communication platform development for the education market for more than 17 years. Its elegant and highly capable content management systems are used to connect students, teachers, faculty, and parents in more than 8,000 schools throughout North America. Edlio is also leading the way in integrating modern cloud computing through the use of mobile apps such as its parent interaction app, Sangha. Edlio currently has offices in Los Angeles, Mountain View, Austin, Chicago, and Mexico City.
Scholantis History and Focus
For more than 10 years, Vancouver based Scholantis has provided Canadian schools with custom-designed websites and portals. Each project has focused on bringing the latest in digital technology to the educational process, connecting students and their families with educators anywhere there is network access.
Scholantis’ dedication to the K-12 market has helped the company develop an extensive understanding of the unique challenges that come with providing exceptional services to vastly different demographics.
About Edlio’s Funding Partner – L Squared Capital Partners
“We are thrilled with our investment in Edlio and now Scholantis. Both companies are excellent examples of what we look for in our education investments: cutting edge technology, a compelling customer value proposition, rapid growth, strong customer retention and proven management teams.” – Rob Healy, Managing Partner at L Squared Capital Partners
L Squared Capital Partners is an investment firm with offices in Newport Beach, CA, and Chicago, IL, that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Industrial Technology & Services, and Education Technology. Its unique investor base of family offices enables L Squared to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies.
This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.