Schoolwires Secures $12 Million in Growth-Stage Investment, Led by Kennet Partners

Schoolwires Secures $12 Million in Growth-Stage Investment, Led by Kennet
Partners

Capital will Accelerate Growth and Product Innovation; Eric Filipek Joins
Board

STATE COLLEGE, Penn., Jan. 15 /PRNewswire/ -- Schoolwires, one of the nation's
leading providers of strategic website and community management solutions for
building stronger school communities, more effective schools and greater
student success, announced today that it has secured $12 million in
growth-stage funding. Global growth equity firm Kennet Partners led the
financing, which is the company's first institutional round. Eric Filipek,
Principal at Kennet has joined the Board of Directors.

The financing will enable Schoolwires to leverage its leadership position,
intensify growth activities and accelerate plans to deliver powerful new
solutions forged by changing K-12 market demands. It will also make
Schoolwires the strongest and safest choice for strategic website and
community management solutions offered to K-12 districts throughout the United
States.

"We firmly believe that strategic online solutions will play a major role in
transforming education," said Edward S. Marflak, founder and CEO of
Schoolwires. "We are leading the market in helping students and school
districts to achieve more. In the process, we are blessed and gratified to be
building one of America's fastest-growing and most respected education
technology companies."

"A rare combination of sustained, rapid sales growth coupled with extremely
strong customer satisfaction initially attracted Kennet to Schoolwires," said
Eric Filipek. "We were impressed by the company's talent, commitment and
sustainable track record. We believe that the company has an exponential
growth opportunity as it scales to address a $1 billion+ market. Kennet
believes that Schoolwires is well positioned to play a role in addressing one
of our nation's top priorities: Education. Under President-elect Barack
Obama's education agenda, we anticipate an intensifying trend taking shape as
private sector investment supports the build-out of this nation's educational
infrastructure."

Schoolwires will also expand customer success programs designed to help them
reach their full potential.

Schoolwires Delivers Strategic Solutions to Address Changing K-12 Demands
The new demands of accountability, shifting demographics, ensuring student
safety, enfranchising parents as part of the educational process, bringing
together all community constituents, managing budget shortfalls and, most
importantly, driving academic success are intensifying the pressure on
America's schools and their administrators.

By listening to the needs of the K-12 education market, Schoolwires has
developed powerful solutions to address the strategic challenges facing our
nation's school districts. The company takes great pride in providing new
innovations that help its customers better inform, engage and energize their
K-12 communities.

"With an impressive track record of investing in respected and
strategically-positioned companies experiencing significant growth,
Schoolwires is excited to partner with Kennet," said Marflak. "The management
team is extremely insightful and delivers a level of expertise in growing
businesses like ours that will be a major benefit as we accelerate expansion
and deliver powerful market innovations."

About Schoolwires, Inc.

Schoolwires Inc. (www.schoolwires.com) is headquartered in Pennsylvania, USA.

Schoolwires provides strategic online communication, community-management and
productivity solutions to the K-12 education market. The company's core
product is SchoolwiresCentricityTM, which brings together robust and flexible
website management, community management and web 2.0/social network
capabilities in a single, user-centric solution. Schoolwires also delivers
SchoolwiresSynergyTM, a digital file sharing solution, Schoolwires AssistTM, a
service request solution, and SchoolwiresShare(TM), an exclusive online client
community and support center.

Schoolwires is recognized in the Inc. 500 List as one of the fastest growing
private companies in the nation. The company's on-demand solutions are
deployed at nearly 4,000 schools serving an estimated four million students,
parents, teachers and administrators throughout North America.

About Kennet
Kennet is a leading international private equity firm that invests in growth
companies in North America and Europe. Kennet invests in technology and
technology-enabled business services, offering expansion capital to businesses
that want to accelerate growth and build exceptional shareholder value in
partnership with an experienced investor. Kennet has funds under management in
excess of $500 million and acts as an advisor to Kennet II and Kennet III.

For more information visit www.kennet.com.

SOURCE Schoolwires, Inc.

Jacqueline Martini, Vice President of Marketing of Schoolwires, Inc.,
+1-484-678-4199, jmartini@schoolwires.com