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8-K - Archipelago Learning, Inc. | mm01-2910_8k.htm |
Exhibit
99.1
FOR IMMEDIATE
RELEASE
ARCHIPELAGO
LEARNING INC. NAMES THOMAS HEDRICK TO BOARD
DALLAS, Texas -- Jan. 28, 2010
-- Archipelago
Learning Inc. (NASDAQ: ARCL), a leading subscription-based online
education company, today announced the election of Thomas F. Hedrick to its
board of directors. Hedrick will also serve on Archipelago Learning’s
Audit Committee.
Tim McEwen, chief
executive officer commented, “We are delighted to add Tom Hedrick to the
company’s board of directors. Tom’s extensive experience working with
high-performing technology companies in the areas of strategy, culture and
acquisitions, and his leadership role as a school board president make him a
perfect fit for moving our Study Island and
Northstar
Learning brands forward. We are excited to start working with
Tom and look forward to the value he will bring to the board and our
company.
Since
2002, Hedrick has been managing director of two venture capital investment and
advisory firms, Dillon Joyce Ltd. and HP Growth Partners LLC. He has
also been an advisor to Vortex Partners LP, a Dallas-based venture fund and to
SSM Partners, a Memphis-based growth capital fund. From 1987 through
2002, Hedrick was with McKinsey & Company where he rose to the position of
director and managing partner of the Dallas office. While at
McKinsey, he co-led the North American high tech practice and the Texas private
equity and venture capital practices. Hedrick serves on the board of
directors of All Web Leads, a provider of consumer leads for the insurance
industry; Bulldog Solutions, an online marketing agency; RealManage, a provider
of SaaS and
services
to homeowner associations; and CelAccess, a provider of wireless access control
via SaaS. He is past president of an elementary and middle school board and
currently serves on the advisory board for the Alliance for Catholic Education
consulting initiative. Mr. Hedrick has a Bachelor of Science degree
in Chemical Engineering from the University of Notre Dame and an Master of
.Business Administration from Harvard Business School.
About
Archipelago Learning
Archipelago
Learning is a leading subscription-based online education company that provides
standards-based instruction, practice, assessments and productivity tools that
improve the performance of educators and students via proprietary web-based
platforms. Study Island, the core product line, helps students in kindergarten
through 12th grade master grade-level academic standards in a fun and engaging
manner. Study Island products are utilized by approximately 9 million students
in more than 21,500 schools in 50 states and Canada For more information, please
visit www.archipelagolearning.com.
Archipelago Learning is headquartered in Dallas, Texas.
Investors:
John
Rouleau
Integrated
Corporate Relations
203-682-8342
John.Rouleau@ircinc.com
Media:
Leslie
Eicher, APR
Eicher
Communications Inc.
314-965-1776
Leslie@EicherCommunications.com]
Forward
Looking Statements:
This
press release may contain certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 regarding the Company.
These forward-looking statements are based on current information and
expectations, and are subject to risks and uncertainties discussed in our
filings with the Securities and Exchange Commission, which could cause the
Company’s actual results to differ materially from expected results. The Company
undertakes no obligation to publicly update any forward-looking statement
contained in this release, whether as a result of new information, future
developments or otherwise, except as may be required by law.