4GL School Solutions, an Updata Partners' Portfolio Company, Recognized for Leadership in Special Education; Wins EdNET HERO Award; Acquires Tranquility Solutions; Secures Significant Customer Contracts in Florida and Wyoming.RESTON, Va. -- Updata Partners, a leading IT venture capital firm, today announced that 4GL School Solutions has achieved industry level recognition and major business milestones. In May of 2005, 4GL, the market leader in providing software solutions for managing special K-12 education populations, received Updata Partners' largest single investment. Industry Recognition, Growth, Customer Traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. --Scholastic Inc.'s Quality Education Data recently presented 4GL with the EdNET HERO award for its impact on education through technology. --Already the largest provider of software for special needs populations, 4GL strengthened and expanded its market capabilities by acquiring Tranquility Solutions, developer of a software-based, process management tool for special education practitioners. --4GL serves schools of all sizes. New customers include: Duval County, Florida Duval County is a county located in the U.S. state of Florida. As of 2000, the population was 778,879. The U.S. Census Bureau 2005 estimate for the county is 826,436 [1]. Its county seat is Jacksonville, Florida6. , one of the nation's largest school districts, serving 130,000 students across 160 schools; and, Natrona County, Wyoming Natrona County is a county located in the U.S. state of Wyoming. As of the 2000 census, the population was 66,533. Its county seat is Casper6. It is included in the Casper, Wyoming metropolitan statistical area which encompasses all of Natrona County. , a school district serving 35 schools spread out over 5,600 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. . "4GL is a model investment for us: the leader in its space, top tier management team, significant growth and a platform for acquisitions," said 4GL Board of Directors' member Tim Meyers, General Partner at Updata Partners. "4GL is poised to fill the emerging needs of individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. learning plans for all students, from advanced placement to general population to special needs." About 4GL School Solutions 4GL School Solutions Inc. is the leading provider of comprehensive management solutions for special populations. Building upon its deep expertise in special education, 4GL helps school districts more effectively manage the individualized learning process for all students receiving special services or interventions, including special education, at-risk, Section 504 and Limited English Proficient pro·fi·cient adj. Having or marked by an advanced degree of competence, as in an art, vocation, profession, or branch of learning. n. An expert; an adept. (LEP (Light Emitting Polymer) An organic polymer that glows (emits photons) when excited by electricity. LEP screens are used to make organic LED (OLED) displays and are expected to compete with LCD screens in the future. See OLED. ) students. 4GL works collaboratively with districts of all sizes to deliver scalable, easy-to-use software solutions that lift the burden of paperwork from education professionals so they can focus on the most important part of their work: educating children and improving student achievement. Founded in 1996, 4GL School Solutions is based in Towson, Md. For more information, visit www.4glschools.com or call 1-800-490-84GL (8445). About Updata Partners Based in Reston, Va. and Red Bank, N.J., Updata Partners is a venture capital and private equity firm that focuses its investments in early and growth stage firms with innovative software and software-based services. Led by a senior investment team with a strong balance of operating and investing experience, Updata Partners effectively addresses challenges faced by entrepreneurs. With $250 million under management, the firm also selectively provides recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. and management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. financing for information technology businesses. Updata Partners is an affiliate of Updata Capital, Inc., a leading investment bank specializing in mergers and acquisitions for the IT industry. For more information about Updata Partners, please visit www.updatapartners.com. All company or product names listed herein are trademarks or registered marks of the respective owners. |
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