Investcorp Technology Partners, a European lower middle market technology investor, completed the acquisition of Impero Holdings Limited, a Nottingham, UK-based provider of online student safety, classroom and school network management software, for an enterprise value of £27.5m.
Investcorp Technology Partners, which acquired the company from Connection Capital, plans to support Impero’s international growth both organically and through add-on acquisitions, further expanding its customer base into new geographies.
Founded in 2002 and led by Sam Pemberton, CEO, Impero provides integrated safeguarding software with comprehensive education solutions that enable schools to keep students safe, improve the teaching environment and maximize efficiency for school network managers. Globally, the software is accessed by over 1.5 million devices in over 90 countries, including schools in more than 500 US districts.
The company has a >20% share of the UK secondary school market, currently serving more than 1,400 secondary schools across the country with revenues of approximately $10m.
Investcorp’s Gilbert Kamieniecky and Julian Bennet will join the board of Impero as non-executive directors.
FinSMEs
02/08/2017