Investcorp announced its portfolio company, Impero, a provider of online student safety and classroom management software, has acquired Netop, an education solutions provider, from Consolidated Holdings.
Terms of the transaction were not disclosed.
The addition of Netop will significantly increase Impero’s scale and presence in the United States and has the potential to increase its total and recurring revenue base.
It further expands Impero’s addressable market while diversifying its customer base and providing an entry into the corporate sector, primarily in financial services and retail.
The firm can also accelerate its product roadmap and realise substantial revenue synergies by incorporating Netop’s complementary technology into its existing portfolio.
The transaction is expected to close within the next four weeks, subject to customary closing conditions.
Investcorp’s private equity technology business managing director and head Gilbert Kamieniecky said: “Impero’s acquisition of Netop directly aligns with its strategy of delivering a comprehensive suite of well-being, classroom management and network management tools. Impero and Netop are highly complementary businesses and we are excited by the compelling growth and value-creation potential of the transaction.”
Founded in 1981, Netop offers classroom management, safeguarding and remote-control solutions to teachers and school administrators that help improve learning outcomes.
Headquartered in Denmark, Netop has a diversified global presence through an international partner network.
Impero is one of the UK’s market leading providers of online student safety, classroom and school network management software.
Investcorp Technology Partners, via Investcorp Technology Fund IV, invested in Impero in 2017 to support its growth by expanding internationally organically and through strategic add-on acquisitions while investing in further enhancing its software solutions.
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