EDLINE, LLC IS ACQUIRED By Providence Equity

Edline LLC (“Edline”) has been acquired by an affiliate of Providence Equity Partners. MHT acted as the exclusive advisor to Edline.

The transaction provided substantial financial and strategic resources to allow Edline to continue building its market leadership position. Founded in 2002, Edline provides the leading software-as-a-service (“SaaS”) online communication platform to the K-12 education market. The Company’s Learning Community Management System (“LCMS”) helps schools increase communication with their constituent families, improve school-wide academic performance and lower operating costs through the reduction of paper, printing and related expenses. The Company provides schools with a comprehensive online communication environment, teachers with a full-featured, web-based suite of classroom management applications, and parents with online access to information that enables them to become meaningfully engaged in the success of their children at school.