Investment will support Company’s rapid growth and create platform to pursue complementary EdTech acquisitions
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–October 12, 2016–
L Squared Capital Partners is pleased to announce a growth investment in Edlio. Founded in 2011 and based in Los Angeles, CA, Edlio is a leading provider of cloud-based software to the K-12 market. Built on a Software-as-a-Service platform, Edlio’s content management system facilitates connections and interaction among teachers, administrators, parents and students through a variety of different modules. The investment by L Squared will enable the company to further invest in sales and marketing, international growth and new product development, and support strategic acquisitions across the education technology landscape.
“We had the opportunity to partner with many different groups and chose L Squared because of their passion for education,” stated Ali Arsan, CEO of Edlio. “We look forward to leveraging their experience and expertise in the education sector to support the next phase of growth at Edlio. Our partnership will allow Edlio to continue building next-generation technologies that enhance school-to-home communications and parental engagement, and bring data-driven decision-making capabilities to educators globally.”
“We are very excited to have committed $40 million to this investment platform,” said Rob Healy, Managing Partner of L Squared. “Edlio fits squarely within L Squared’s core investment philosophy to invest in growth companies with superior customer service, retention and management teams. These factors, along with the escalating need for technology solutions to enhance the communication between K-12 administrators, teachers and parents, make us enthusiastic about the future of the company.”
“We have been extremely impressed by Edlio’s track record of growth and commitment to excellence and customer success. We are thrilled to provide capital, experience and expertise to support management’s organic growth initiatives and acquire complementary technology products that augment Edlio’s core offering,” said Jeff Farrero, Managing Partner of L Squared.
Edlio’s core content management software allows schools to easily manage and update their website to facilitate interaction among teachers, administrators, parents and students. Edlio’s software functionality includes news, calendar, forms, text and email notification and admissions. The company also offers individual class websites that allow teachers to communicate with students and parents in each class, managing homework, announcements and class activities. Edlio is seeking to acquire complementary EdTech companies across the K-12 administrative software landscape such as CRM, athletic department modules, data management and payments.
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: Technology-Enabled Services, Industrial Technology and Education. Our unique investor base of family offices enables us 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 50 years of combined experience investing in growing private companies. For additional information, please visit www.lsquaredcap.com.
L Squared Capital Partners
Rob Healy, Managing Partner
Jeff Farrero, Managing Partner
Adam Kimura, Vice President