[February 27, 2013]

finalsite Acquires Silverpoint

finalsite, a leading online learning and communications platform for the education industry, today announced that it has acquired Silverpoint, a provider of websites and software to independent schools. The acquisition enhances finalsite's global reach and scale and supports continuing innovation in bringing world-class design services and content management systems to customers.

"finalsite's acquisition of Silverpoint creates a phenomenal company that features vast experience in all components of web-based communications solutions, design and services. Now with a presence in 54 countries around the world, our joint resources will enable us to offer schools a deeper and more comprehensive suite of software systems, multi-platform solutions and premium creative services," said Jon Moser, finalsite's founder and Chief Executive Officer. "I look forward to working with Angelo Otterbein and the Silverpoint team to create the most dynamic content management system on the market while continuing to provide world-class service to our current and future independent school clients, as well as public schools and higher education institutions."

"We are thrilled to join finalsite, which has long been recognized as an innovative industry leader," said Angelo Otterbein, President of Silverpoint, who will serve on the Board of Directors and as Chief Innovation Officer of the combined company. "With our complementary strengths and focus on providing unmatched service to our clients, we are well-positioned to continue delivering compelling solutions across the globe, and we are committed to making the transition seamless for our customers."

Silverpoint today serves more than 300 clients in the K-12 and college markets delivering customized sites for external and internal communities. In addition to providing web design, development and support services, Silverpoint's proprietary software, SchoolSuite, provides content management, calendar, news, multimedia and mobile capabilities within an integrated platform.

Following the acquisition of Silverpoint, finalsite will serve over 1,300 schools across the world. finalsite delivers a SaaS (News - Alert)-based, customized web platform to leading independent and public schools, colleges and organizations seeking to centralize and enhance their online learning and communications offerings. finalsite is a portfolio company of Spectrum (News - Alert) Equity, a growth equity firm focused on the information economy.

About finalsite

finalsite's online learning and communications platform is utilized by over 1,000 schools and educational organizations across 48 countries and as many as 1 million unique users per day around the world. The platform facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. In addition, finalsite's software enables customers to engage dynamically with a wide range of third party data providers including student information systems, learning systems and social media applications. finalsite is based in East Hartford, CT. For more information, please visit http://www.finalsite.com.

About Silverpoint

Founded by Angelo Otterbein and Frank LeCates in 1996, Baltimore, MD-based Silverpoint has provided creative services, software and services to independent schools in the U.S. and internationally. In addition to its award-winning web designs, Silverpoint recently released a customizable native mobile application to better serve its customers across platforms. Silverpoint has additional offices in San Francisco, CA (News - Alert), and Hoboken, NJ. For more information, please visit http://www.silverpoint.net.

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