Investcorp Technology Partners, a leading European lower middle market technology investor, today announced that it has completed the acquisition of Impero Holdings Limited for an enterprise value of £27.5 million ($36.35 million) for its fourth Technology Fund.

Impero is the UK’s No 1 provider of online student safety, classroom and school network management software. The transaction marks Investcorp’s third technology deal in the lower middle market in the past nine months, the company said.

Founded in 2002, Impero has become the UK market leader in integrated safeguarding software with its comprehensive education solution that enables schools to keep students safe, improves the teaching environment and maximises efficiency for school network managers.

Headquartered in Nottingham, UK, the company has a >20 per cent share of the UK secondary school market, currently serving more than 1,400 secondary schools across the country. Globally, the software is accessed by over 1.5 million devices in over 90 countries, including schools in more than 500 US districts. Impero has revenues of approximately $10 million.

Investcorp Technology Partners plans to support Impero’s international growth both organically and through add-on acquisitions, further expanding its customer base into new geographies as it becomes increasingly important to address parents’ and teachers’ concerns around the online safeguarding of children in the school environment.

Mohammed Al-Shroogi, Co-CEO at Investcorp, said: “The mission critical nature of Impero’s product offering, its strong reputation with customers and its attractive growth prospects in the UK and abroad represent a very attractive investment opportunity for Investcorp Technology Partners. Its best-in-class safeguarding software and high levels of recurring revenue have allowed it to secure a leading market position. These fundamental business strengths make it an ideal candidate for Investcorp Technology Partners to partner with.” - TradeArabia News Service