L Squared Commits $40 Million to Edlio

Investment will support Company’s rapid growth and create platform to
pursue complementary EdTech acquisitions

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–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.

About
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:
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.

Contacts

L Squared Capital Partners
Rob
Healy
, Managing Partner
rhealy@lsquaredcap.com
(949)
398-0179
or
Jeff
Farrero
, Managing Partner
jfarrero@lsquaredcap.com
(949)
398-0175
or
Adam
Kimura
, Vice President
akimura@lsquaredcap.com
(949)
398-0177