Berkery Noyes Represents Interwrite Learning in its Sale to eInstruction

NEW YORK, Nov. 29 /PRNewswire/ -- Berkery Noyes, the leading independentinvestment bank serving the information and technology markets, announcedInterwrite Learning ("Interwrite" or "the Company"), a leading developer ofmobile teacher slates, interactive white boards and student response systems,has entered into a definitive agreement to sell the Company to eInstructionCorporation, a portfolio company of Leeds Equity Partners, LLC. The terms ofthe transaction were not disclosed.

"The combined platform is a global technology, software, content andassessment powerhouse in the K-12 and post-secondary marketplace," said ChrisCurran, the Berkery Noyes Managing Director who advised Interwrite on thetransaction. "The winning combination of Darrell Ward and Steve Kayerepresents great leadership synergy for the merged companies," Curran added.

"Our solutions allow instructors and schools to maximize the educationalvalue they can achieve from an interactive classroom," said Steve Kaye,Interwrite's Co-President and Chief Operating Officer. "Educators can utilizecontent, such as digital lesson plans and questions aligned to statestandards, to provide formative instruction while being more efficient. Ourcustomers can look forward to continuity on all our current products and thebenefits that will soon deliver as we seamlessly integrate our best-of-breedportfolio," added Kaye.Carter Harned, Managing Director at Leeds Equity said, "Interwrite, led byan experienced management team, has been successful at innovating high qualityproducts for educators worldwide. The combination with Interwrite willimmediately expand the eInstruction product offering, strengthen the footprintand presence in the domestic K-12 and higher education markets, provide accessto international education markets, and broaden the senior management team. Welook forward to working with management to expand on the successes bothcompanies have achieved to date."

Berkery Noyes initiated the transaction on behalf of Interwrite, acted asits exclusive financial advisor, and represented it in its negotiations witheInstruction.

About Interwrite Learning(TM) -- Interwrite traces its roots to thedevelopment of high performance digitizers for use in construction andestimating markets in the 1970's. Interwrite later applied the basicprinciples of that technology to its first electromagnetic interactivewhiteboard to provide interactive solutions to the education market.

Interwrite developed and later patented the first mobile teacher slate foreducation and continues to be the leader in that product category.Interwrite's education portfolio also includes its PRS student responsesystem, award-winning instructional software Interwrite Workspace(TM) andinteractive learning objects. Today, Interwrite offers its education solutionsin 40 languages with 250,000 systems operating in classrooms worldwide. Formore information, visit www.interwritelearning.com

About Berkery Noyes -- Berkery Noyes is one of the pre-eminent merger andacquisition firms serving the information industry, having completed more than400 transactions since its inception. Among the most recent transactionscompleted by Berkery Noyes are the acquisition of eInstruction by Leeds EquityPartners, Monotype in its transaction with Calvert Street Capital Partners,Psychological Services, Inc. (PSI), in its transaction with ABRY Partners, TheTeaching Company in its sale to Brentwood Associates, the sale of ELLIS toPearson, Questar Educational Systems, Inc. by TASA, The Hampton Brown Companyby National Geographic, Delta Education LLC by School Specialty, Inc, ProQuestCompany's acquisition of Voyager Expanded Learning, the sale of Facts on Fileto Veronis Suhler Stevenson, the sale of Kurzweil Educational Systems toCambium Learning, and Dominie Press to Pearson Inc.

Berkery Noyes' clients include private companies seeking a buyer, most ofthe major international information companies, and private equity firms whouse the firm's expertise in locating, analyzing and negotiating withacquisition candidates and in managing divestitures. The firm operates with astaff of forty professionals serving the information and publishing industry.For more information, visit www.berkerynoyes.com.

About eInstruction(R) -- eInstruction pioneered the first student responsesystem for the education market during the 1980's. Its Classroom PerformanceSystem (CPS) provides instructors and students with real-time feedback oncomprehension during instruction. Today CPS remains the leading studentresponse system in education, being used with over 1.5 million students inmore than 60,000 K-12 classrooms and over 400,000 students in more than 400colleges and universities.

In 2006, eInstruction acquired FSCreations and integrated its ExamView(R)and Learning Series software and content platforms so instructors canseamlessly use publisher and proprietary question banks in lesson plans,quizzes and tests with eInstruction technology. The result is an integratedsystem for instruction and assessment with real-time feedback. For moreinformation, visit www.einstruction.com

About Leeds Equity Partners -- Leeds Equity Partners, LLC is aNew York-based private equity firm which manages the largest private equityfund in the United States solely focused on investments in the education,training and business services industries. Leeds Equity was founded in 1993 byJeffrey T. Leeds and Robert A. Bernstein and has seven current portfoliocompanies, including: Education Management Corporation, EduK Group,eInstruction Corporation, Miller Heiman, RealPage, Sagus International andSeatonCorp. For more information, visit www.leedsequity.comSOURCE Berkery NoyesJohn Shea, Chief Operating Officer, +1-212-668-3022, or Chris Curran, ManagingDirector, +1-212-668-3022, both of Berkery Noyes