Sentinel invests in employee education sector with Inscape Publishing


Acquires Leading Provider of Corporate Training Solutions for Employee Assessment and Development


NEW YORK, August 20, 2007 - Sentinel Capital Partners , a private equity firm that invests in promising, smaller middle market companies, has acquired Inscape Publishing, a leading developer and provider of content-rich, technology-enabled corporate training solutions that develop employee interpersonal skills such as sales, leadership, teamwork, communications and time management. The transaction closed on August 20, 2007.

"Inscape is well-positioned in the $13 billion+ corporate training industry, which we expect will experience double digit year-on-year growth," said Paul Murphy, partner at Sentinel. "Inscape has identified the growing importance of human capital as a competitive advantage, as corporations increase their commitment to employee development and training. With a loyal and diverse base of blue-chip end-users, Inscape is poised to become an even more valuable enterprise as we work with management to capitalize on these trends."

Based in Minneapolis, Minnesota, with a global network of over 2,000 consultancies, Inscape provides training applications to over 135 Fortune 500 companies and several agencies of the federal government. Since 1972, Inscape's learning instruments have been used by over 45 million individuals in 24 languages and 22 countries.

"Sentinel's track record with business services companies is impressive. We are excited about our partnership with Sentinel as we pursue strategic growth initiatives, such as development of new training solutions and international expansion," said Jeff Sugerman, Inscape's CEO. "We are proud of our performance to date, but we are eager to take the company to the next level."

"Since 2001, Jeff and his team have transformed Inscape from a single-product company focused on employee assessments into a leading developer of comprehensive corporate training solutions," said John McCormack, senior partner and co-founder of Sentinel. "This is precisely the type of management team we seek to partner with – talented and proven entrepreneurs who seek to be owners of the businesses they operate."