L Squared's Edlio enters Canadian market with Scholantis buy

Edlio has acquired Scholantis, a Vancouver-based provider of custom-designed websites and user-driven portals to Canadian schools. No financial terms were disclosed. Edlio, a Los Angeles-based provider of communication platforms for K-12 schools and districts, said the deal expands the company's education technology capabilities and will allow it to serve the market in Canada. Scholantis was founded in 2007 by President and CEO Drew Carmichael. Launched in 2011, Edlio last year raised a US$40 million investment from L Squared Capital Partners, a U.S. growth equity firm.

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