Investcorp’s Impero buys educational software solution provider Netop

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Investcorp, a leading global provider and manager of alternative investment products, yesterday announced acquiring Netop, an international software solutions provider to the education sector and corporates.

The acquisition through Investcorp’s portfolio company, Impero, a leading provider of online student safety and classroom and network management software, was from Consolidated Holdings A/S.

The transaction, expected to close within the next four weeks, is subject to customary closing conditions.

Terms are not disclosed. The acquisition, Investcorp said, will significantly increase Impero’s scale and presence in the United States, and has the potential to increase Impero’s total and recurring revenue base.

“The deal 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.”

Upon completing the transaction, Impero would be better positioned to serve customers in both the education and corporate end markets with a broader suite of offerings and would have the potential to both accelerate its product roadmap and realize substantial revenue synergies by incorporating Netop’s complementary technology into its existing portfolio.

Gilbert Kamieniecky, Managing Director and Head of Investcorp’s Private Equity Technology business said: “Impero and Netop are highly complementary businesses and we are excited by the compelling growth and value-creation potential of the transaction and the strong progress that Impero is continuing to deliver on its strategy.”

Ali AlRahma, Private Equity Product Specialist at Investcorp said: “Impero’s acquisition of Netop comes at a time when both students and professionals around the world need the technology solutions provided by these two organizations.

We believe that this acquisition will further advance Impero’s ability to serve both education and corporate clients.”