Our firm acted as exclusive financial advisor to TH(i)NQ Ed in its sale to Edline.TH(i)NQ Ed, formerly SchoolCenter, is a leading provider of K-12 website and communication solutions. TH(i)NQ Ed serves over 5,000 schools throughout the U.S. Edline is the largest provider of K-12 learning community management solutions today.
CHICAGO, Ill. – Today Edline (edline.com) announces the acquisition of TH(i)NQ Ed, formerly SchoolCenter, a leading provider of K-12 website and communication solutions. TH(i)NQ Ed serves over 5,000 schools throughout the U.S. With the addition of TH(i)NQ Ed, Edline’s comprehensive Learning Community Management System (LCMS) offerings will now be used by over 20,000 schools and serve a K-12 community of more than 20 million students, parents and teachers.
“We are pleased to welcome TH(i)NQ Ed and their customers to the Edline family,” said Rick Noble, CEO of Edline. “Together, our combined resources and experience will allow us to deliver the most sophisticated website and communication solutions to our combined 20,000 schools and the entire K-12 market.” Backed by Providence Equity Partners, a leading global private equity firm with over $23 billion in equity commitments and a specialty in equity investments in education, Edline and TH(i)NQ Ed together will provide expanded offerings to both Edline and TH(i)NQ Ed customers.
According to Curtis Baird, Founder and President of TH(i)NQ Ed, “Student achievement, teacher effectiveness and shrinking budgets are big concerns facing our country’s educators today. Together we can help schools reduce operating costs as paper and phone-based communication moves online and at the same time see educational outcomes go up as transparency, collaboration and engagement in the learning process increases. Joining forces with Edline will enable us to provide the very best technology solutions to our school customers for years to come.”
Edline is the leading provider of website and communications solutions specifically designed for K-12 education. As an industry leader for over a decade, Edline helps thousands of schools and millions of families succeed through the use of innovative technologies that support learning and enable meaningful online communication and collaboration between teachers, students and families throughout the learning community.
About TH(i)NQ Ed
TH(i)NQ Ed is a leading strategic online solutions company in the education market, providing schools and districts with a proven approach to developing and implementing best-in-class online environments that build stronger communities, create a positive image and enhance collaboration inside and outside the classroom.
a portfolio company of
DATE: April 2011
LOCATION: Carbondale, IL
TRANSACTION TYPE: Private Company, Sell-Side