Connection Capital completes £10m management buy-out of e-learning software business Impero

Purchase will back further growth for classroom and network management software business

Managed private client investment business Connection Capital today announced the completion of a £10m management buy-out of leading educational software business Impero.

Founded in 2002, Impero is a software business which develops a range of management tools for schools and universities in the UK, with a sector-leading 27% market share in secondary schools and 24% in colleges.

The firm is best known for its Impero Education Pro package, a software product which allows teachers to view what students are doing on their computers in real-time and alerts them to potential inappropriate behaviour.

Impero Education Pro is installed on around 1.6 million workstations across 181 local authorities in the UK, and Connection Capital said there was “significant” scope for further growth as the business plans to expand its operations in 37 international markets, including the US.

Connection Capital’s clients committed £4m to a combined debt and equity package to complete the buy-out, alongside funds provided by independent UK bank BLME.

Founder and CEO of Impero Jon Valentine will continue in his current role as leader of the business following the deal. Valentine said: “This is great news for Impero. With the support of Connection Capital and BLME we can continue to grow and develop the business across Europe, the USA and other international markets.”

Julian Carr, partner at Connection Capital, said: “Jon has grown Impero into the leading classroom management, network management and e-safety software provider in the UK education market in an impressively short period of time.

“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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