Archipelago Learning Closes Merger Agreement with PLATO® Learning

DALLAS--(BUSINESS WIRE)--Archipelago Learning (NASDAQ: ARCL), a leading 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 delisted from the NASDAQ Global Select Market and terminate its registration and reporting obligations with the Securities and Exchange Commission.