Market Overview

Veritas Capital Completes Acquisition of Cambium Learning Group


Cambium Learning® Group, Inc. ("Cambium" or the "Company"), a leading
educational technology solutions company committed to helping all
students reach their full potential, announced today that it has
completed its previously announced sale to certain affiliates of Veritas
Capital, a leading private equity investment firm.

The Company also completed its previously announced acquisition of VKIDZ
Holdings Inc. ("VKidz"), an award winning edtech company dedicated to
helping deliver the best education to students using digital solutions.

"We are excited to welcome the Cambium management team and employees and
look forward to supporting their many growth opportunities ahead," said
Ramzi Musallam, CEO and Managing Partner of Veritas Capital. "The
education technology space is a key focus area for Veritas, and we
believe our partnership with Cambium will accelerate the company's
mission of improving outcomes for districts, educators, students and

John Campbell, Chief Executive Officer of the Company commented, "We are
thrilled to partner with Veritas Capital as we embark on the next
chapter of our long-term growth. I am proud of the transformation we
have accomplished at Cambium as we continue to improve our product suite
in terms of technology, efficacy, and engagement. We look forward to
helping even more students with the addition of VKidz."

"It has been our pleasure to work with John and the world-class team at
Cambium," said David Bainbridge, Managing Director of Veronis Suhler
Stevenson ("VSS"), an affiliate of the former majority stockholder of
the Company. "Since our investment, we have partnered with management to
invest in new technology, execute strategic acquisitions, and implement
initiatives to accelerate the Company's growth, and are proud of the
progress the Company has made in transitioning to a digital subscription
business. We thank Cambium's leadership and employees for their
tremendous efforts and collaboration over the years and wish them well
in their next phase of growth."

Cambium Learning® Group's stock will cease trading on the NASDAQ under
the ticker symbol ABCD effective today.

Macquarie Capital acted as the Company's financial advisor and
Lowenstein Sandler LLP acted as the Company's legal counsel in
connection with the transactions.

Schulte Roth & Zabel LLP acted as Veritas Capital's legal counsel in
connection with the transactions.

About Cambium Learning Group

Cambium Learning® Group, Inc. is an award-winning educational
technology solutions leader dedicated to helping all students reach
their potential through individualized and differentiated instruction.
Using a research-based, personalized approach, Cambium Learning Group,
Inc. delivers SaaS resources and instructional products that engage
students and support teachers in fun, positive, safe and scalable
environments. These solutions are provided through Learning A-Z® (online
differentiated instruction for elementary school reading, writing and
science), ExploreLearning® (online interactive math and science
simulations and a math fact fluency solution) and Voyager Sopris
Learning® (blended solutions that accelerate struggling learners to
achieve in literacy and math and professional development for teachers).
We believe that every student has unlimited potential, that teachers
matter, and that data, instruction, and practice are the keys to success
in the classroom and beyond. Come learn with us at

About Veritas Capital

Veritas Capital is a leading private equity firm that invests in
companies that provide critical products and services, primarily
technology and technology-enabled solutions, to government and
commercial customers worldwide, including those operating in the
aerospace & defense, healthcare, technology, national security,
communications, energy, government services and education industries.
Veritas seeks to create value by strategically transforming the
companies in which it invests through organic and inorganic means. For
more information on Veritas Capital and its current and past
investments, visit

About VSS

Veronis Suhler Stevenson (
is a private investment firm that invests in the information, education,
healthcare, and tech-enabled business services industries.
provides capital for growth financings, recapitalizations, strategic
acquisitions and buyouts to lower middle market companies and management
teams with the goal of building companies organically as well as through
a focused add-on acquisition program.
VSS makes
privately-negotiated investments across the capital structure and
invests in situations requiring control or non-control equity, mezzanine
securities and structured equity securities.

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