INVESTCORP TECHNOLOGY PARTNERS, an European tech investor, has acquired Impero Software, a remote management and monitoring software used by schools. The deal was sealed on July 31 for $36.3 million. According to the company’s announcement, the purchase follows Impero’s 2014 management buy-out by Connection Capital.
“We recognized that, as a business, having achieved everything we set out to achieve with Connection Capital it was time to find new owners with a wealth of experience in the edtech space, who would help us deliver on our next set of business goals and with the expertise to drive international expansion,” Sam Pemberton, CEO of Impero, said in a prepared statement.
Based in Nottingham, UK, Impero claims to serve more than 1,400 secondary schools across the country and 500 school districts in the United States. The announcement also says the company, founded in 2002, has annual revenues of $10 million.
