Baharain-based asset manager company Investcorp’s portfolio company, Impero an online student safety and classroom and network management software provider has acquired an international software solutions provider to the education sector and corporates, Netop.
Impero purchased Netop from the US-based consumer goods company Consolidated Holdings. The terms and conditions of the transaction were not revealed by both companies.
With the addition of Netop, Impero will be able to expand its presence in the United States and to increase the portfolio company’s total and recurring revenue base.
The acquisition will further help Impero to expand its addressable market while diversifying its customer base and enter into the corporate sector, especially in financial services and retail.
After the completion of the transaction, Impero will be enabled to serve customers in both the education and corporate end markets with a broader suite of offerings and the deal is expected to close within the next four weeks.
“The addition of Netop will provide Impero with the potential to accelerate its growth in the US, whilst also bringing high-quality technology, an international customer base, and an excellent team. 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.”
Denmark based leading software solutions provider Netop was founded in 1981. The firm connects people with computers and smart devices, offering classroom management and remote-control solutions. Netop’s technology services are used by half the Fortune 100 and help businesses deliver quality customer service, reduce support costs and meet security and compliance standards.
Impero, one of the leading firms in the UK offers software solutions for online student safety, classroom and school network management. 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.