Archipelago Learning Closes Merger Agreement with PLATO® Learning

Archipelago Learning, a subscription-based, software-as-a-service (SaaS) provider of education products, today announced that it has completed its merger with PLATO Learning, a portfolio company of Thoma Bravo, LLC, in an all-cash transaction with an equity value of approximately $291 million. In connection with the transaction, Archipelago Learning will be de-listed from the NASDAQ Global Select Market and terminate its registration and reporting obligations with the Securities and Exchange Commission.

As previously announced, the transaction was approved by Archipelago Learning’s stockholders at a special meeting of stockholders held May 16, 2012. Pursuant to the terms of the merger agreement, Archipelago Learning stockholders will receive $11.10 in cash for each share of Archipelago Learning common stock.

Archipelago Learning’s Chairman, Chief Executive Officer and President Tim McEwen; Executive Vice President and Chief Financial Officer Mark S. Dubrow; and Executive Vice President and Chief Strategy, Product and Marketing Officer Donna Regenbaum will be leaving the company to pursue new opportunities.

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