Leeds Equity sells student data software duo to fellow buyout house Veritas Capital

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Leeds Equity Partners is selling student information software providers Campus Management and Edcentric to fellow buyout house Veritas Capital.

Campus provides cloud-based student information systems, customer relationship management and enterprise resource planning for more than 1,100 colleges and universities in over 30 countries.

Edcentric, meanwhile, is an SaaS platform providing data-driven solutions around student and alumni engagement, retention, and compliance to over 1,400 higher education institutions.

Leeds Equity will continue to be a stakeholder in both companies following the deal.

Veritas CEO and managing partner Ramzi Musallam said, “With differentiated platforms providing mission-critical software solutions, Campus Management and Edcentric are uniquely positioned to help higher education institutions increase operational efficiency, promote student success, and improve overall institutional effectiveness.”

Leeds Equity partner Jacques Galante added, “Leeds Equity is committed to supporting Edcentric and Campus Management as they continue to invest in solutions that help to transform institutions across academic delivery, constituent engagement and overall operations.

“As we enter this next chapter of continued expansion for both companies, we are excited to leverage our two decades’ worth of experience in higher education to pursue new growth opportunities in partnership with Veritas Capital, a firm with whom we have a shared vision for long-term investment and innovation.”

The transaction is expected to close in the first quarter of 2020, subject to customary conditions and regulatory approvals.

Leeds Equity, which focuses on the education, training and information services industries, currently manages about $1.7bn of capital.

The firm raised more than $750m for the final close of its sixth flagship fund in 2018.

Veritas closed its seventh fund on $6.5bn in October last year.

The firm invests in companies providing products and services to governments and government-influenced markets, according to its website.

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