Growth capital investor Connection Capital has completed the £10m management buyout of UK-based network and user management software provider Impero.
Connection said its clients committed £4m to a combined debt and equity package alongside independent UK bank BLME.
Impero’s main software product Education Pro offers real-time visibility of users’ computers in one central view, allowing teachers better control of the classroom and of pupil behaviour.
It gives teachers ability to monitor performance; ensuring that pupils remain focussed on set tasks whilst also monitoring or blocking access to websites, folders, applications, hardware and games.
Connection Capital partner Julian Carr said, “The fact that the business has achieved significant sales into the US is testimony to the strength of this market-leading product. We look forward to supporting Jon in developing the company further and increasing market share in the UK, USA and its other 37 international markets. The UK needs more innovative businesses like Impero.”
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