Newport Beach, CA, October 23, 2018 – L Squared Capital Partners announced today that it has sold its ownership interests in Edlio to LLR Partners. Headquartered in Los Angeles, CA, Edlio is a leading provider of cloud-based software and solutions to the K-12 market.
Edlio provides a best-in-class constituent engagement SaaS platform to create and manage Content Management Systems (CMS) for private, public, and charter schools. The platform manages all aspects of a school’s digital presence and facilitates communication between administrators, teachers, parents, and students.
Under L Squared’s ownership, Edlio completed two strategic acquisitions, doubled recurring revenue, opened several offices in new markets, and invested in a state-of-the-art technology platform to create a more robust product portfolio. The Company also improved performance across multiple key metrics, including customer retention, average contract value, and gross margin. Moreover, Edlio nearly doubled its workforce and grew to serve more than 9,700 schools across the U.S., Canada, and Latin America.
Adam Kimura, Principal at L Squared, added, “We are very pleased with the significant growth that Edlio has experienced over the last several years. Edlio was an opportunity that aligned perfectly with L Squared’s core investment philosophy to invest in high growth companies with a strong value proposition, customer retention and a large market opportunity for organic and acquisitive growth.”
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About L Squared Capital Partners
L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. 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 70 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.
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.