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Archipelago Learning Announces Financial Results for Fourth Quarter and Fiscal Year 2011

DALLAS--(BUSINESS WIRE)--Archipelago Learning (NASDAQ: ARCL), a leading subscription-based, software-as-a-service (SaaS) provider of education products, today announced its financial results for the fourth quarter and fiscal year 2011. In a separate release, Archipelago Learning announced that it has entered into a definitive agreement to be acquired by PLATO Learning for $11.10 per share.