Edlio Acquires Sangha, Raises $40M

Los Angeles-based educational content management software developer Edlio said late Tuesday that it has acquired Sangha, the developer of a personalized, mobile parent interaction app. Financial terms of the acquisition were not announced, however, Edlio said the acquisition and integeration of Sangha was being funded by a $40M investment from private equity investor L Squared. Sangha Co-Founders Pavan Batchu, Srivatsan Srinivasan and Srikanth Thadakamalla have all joined Edlio as paret of the acquisition. Edlio says it powers more than 5,000 school and district websites.