Archipelago
Learning Inc. (NASDAQ: ARCL), a leading subscription-based,
software-as-a-service (SaaS) provider of education products, today
announced it ranked 196th on the Technology Fast 500™ ranking of the 500
fastest growing technology, media, telecommunications, life sciences and
clean technology companies in North America. Archipelago Learning grew
483 percent during the five-year period from 2006-2010.
"We are proud of our growth and the role we are playing in the digital
transformation of K-12 education,” said Tim McEwen chairman, chief
executive officer and president of Archipelago Learning. "Educators are
looking for innovative, effective and affordable solutions to enhance
the learning experience, and we continue to respond, adapting to their
evolving needs. Our success is built on partnering with principals,
teachers and parents to improve learning outcomes for all
students. Together we are shaping education in a way that engages and
excites today’s technology-minded students and prepares them for college
and career success.”
McEwen continued, "By staying committed to providing online, high
impact, low cost educational solutions, we have extended our reach to
approximately 38,700 schools and 14 million students. As we look ahead,
we are focused on adding more ways to help our existing customers while
attracting new customers. Our team believes that assisting fellow
educators improve student academic performance, build a holistic love of
learning, and create a habit of achievement is critical to the future of
our country.”
Overall, 2011 Technology Fast 500 companies achieved revenue growth
ranging from 134 percent to 70,211 percent from 2006 to 2010, with an
average growth of 1,736 percent.
About Archipelago Learning
Archipelago
Learning (NASDAQ:ARCL) is a leading subscription-based,
software-as-a-service (SaaS) provider of education products used by
approximately 14 million students in nearly 38,700 schools throughout
the United States, Canada, and the United Kingdom. Our comprehensive
digital supplemental product suite uses technology to transform
education. We make rigorous learning fun, engaging, accessible, and
affordable. For more information, please visit us at www.archipelagolearning.com.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a
subsidiary of Deloitte LLP, provides a ranking of the fastest growing
technology, media, telecommunications, life sciences and clean
technology companies – both public and private – in North America.
Technology Fast 500 award winners are selected based on percentage
fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies
must own proprietary intellectual property or technology that is sold to
customers in products that contribute to a majority of the company's
operating revenues. Companies must have base-year operating revenues of
at least $50,000 USD or CD, and current-year operating revenues of at
least $5 million USD or CD. Additionally, companies must be in business
for a minimum of five years, and be headquartered within North America.
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.
(ARCL-C)
