4GL School Solutions Announces Letter of Intent to Acquire Tranquility Solutions Inc.; Merger of Two Leading Providers Gives 4GL School Solutions Clear Leadership Position in Special Population Management Segment.TOWSON, Md. -- 4GL School Solutions (4GL), the leading provider of comprehensive management solutions for special populations in K-12 education, today announced it has signed a letter of intent to acquire Tranquility Solutions Inc., developers and marketers of a software-based, process management tool for special education practitioners. The Tranquility product line has been implemented in more than 150 school districts throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including more than 40 districts with student enrollments in excess of 10,000. This acquisition will nearly double 4GL School Solutions' market share as well as provide a foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in key states and market segments where it has yet to establish a presence. Tranquility's strong success in small- to medium-sized school districts will additionally help accelerate 4GL's recent entry into the under 10,000-student segment, via a new service deployment model for its ENCORE (Encore Real Time Computing, Inc., Melbourne, FL, www.encore.com) A computer company founded as Encore Computer Corporation in 1983 that specialized in real time systems. Encore was known for its unique Reflective Memory channel, a high-speed interconnect for up to 255 systems. !(TM) suite of software and service solutions, announced earlier this year. Trends within K-12 education are driving increasing demand among districts of all sizes for Web-based solutions that help manage special populations. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Center for Education Statistics The National Center for Education Statistics (NCES), as part of the U.S. Department of Education's Institute of Education Sciences (IES), collects, analyzes, and publishes statistics on education and public school district finance information in the United States; conducts studies , more than one in 10 students in grades K-12 now have 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. education plans, fall under Individuals with Disabilities Education Act Some statements may be disputed, incorrect, , biased or otherwise objectionable. tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. process consistent with federal reporting regulations. While 4GL School Solutions has been a leader in the K-12 market through delivering innovative solutions that assist schools in meeting these demands, a broader reach into previously untapped territories will even further accelerate the company's success, says Allison Duquette, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 4GL Schools Solutions. "In the past year we've continued to lead the large district market in special education data management solutions that enable teachers to spend more time in the classroom and less time on paperwork. We have also introduced a number of new product offerings to track other special populations, automate To turn a set of manual steps into an operation that goes by itself. See automation. the Medicaid claims process, and analyze special education information for key trends. The market response has been overwhelmingly positive," she said. "Tranquility Solutions is a highly-respected organization with a strong and loyal client base. The Tranquility acquisition gives us access to geographical areas we haven't yet fully penetrated, and also provides an opportunity to offer their clients additional 4GL products and services that supplement the Tranquility products. We look forward to continuing to support the Tranquility clients through the expanded resources available to the organization as a result of the acquisition." "The insight and vision that has enabled 4GL School Solutions to be the most successful solution provider for managing special populations in some of the nation's largest and most complex school districts is very admirable ad·mi·ra·ble adj. Deserving admiration. ad mi·ra·ble·ness n.ad ," said James Stukenborg, president and CEO of Tranquility Solutions. "We are pleased to become part of a very progressive organization and, more so, to be able to offer our Tranquility customers the benefits of 4GL School Solutions' experience and financial strength." Formally endorsed by the Council of Administrators of Special Education (CASE), 4GL's ENCORE! is an award-winning, Web-based solution suite. ENCORE! uses effective business practices and proven data and process management systems to help districts eliminate compliance issues, reduce the administrative paperwork burden, increase efficiency and revenue recovery, improve staff morale, ensure accountability, automate Medicaid claims processing, and support successful achievement of individual education program goals -- directly and positively impacting student learning. The acquisition is expected to be complete within 30 days. Terms of the transaction will not be disclosed. 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 immense burden of paperwork from education professionals so they can focus on the most important part of their work: educating children and improving student achievement. Focused solely on K-12 education, 4GL's proven, data-driven solutions help districts reduce paperwork, increase efficiency, improve staff morale and retention, increase revenue recovery, eliminate compliance issues, reduce unnecessary referrals to special education, and support successful achievement of individualized education plan (IEP IEP In currencies, this is the abbreviation for the Irish Punt. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) goals. Founded in 1996, 4GL School Solutions is based in Towson, Md. For more information, visit http://www.4glschools.com or call 877-678-8070. |
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