Acquisition significantly increases Impero’s presence in the United States and broadens its suite of classroom management and remote access product offerings
Impero, a leading provider of online student safety and classroom and network management software, today announced that it has acquired Netop, an international software solutions provider to the education and corporate sectors, from Consolidated Holdings A/S.
The addition of Netop will significantly increase Impero’s scale and presence in the United States and could meaningfully increase Impero’s total and recurring revenue base. The transaction expands Impero’s market reach while diversifying its customer base by providing an entry into the corporate sector, primarily in financial services and retail.
The acquisition will allow Impero to serve customers in both education and corporate markets with a broader suite of offerings, and it will have the potential to both accelerate Impero’s product roadmap and help it realize significant additional revenue by incorporating Netop’s complementary technology into its existing portfolio. The transaction is expected to close within the next four weeks, subject to customary closing conditions.
“I am thrilled at the opportunity to bring Impero and Netop into one organization,” said Justin Reilly, CEO of Impero Software. “I firmly believe that the acquisition of Netop will accelerate our ability to deliver innovative and market-disrupting solutions into the hands of those who need them the most. We have a common history and complementary culture. With Netop being founded in 1981, and Impero in 2002, this acquisition brings together two significant players in the child wellbeing, classroom management and remote control software markets.”
“I am very pleased to have reached this agreement for Impero to become the new owner of Netop,” said Ib Kunøe, Chairman of the Board of Consolidated Holdings A/S. “I am convinced that Impero will be a great future owner of Netop, and that the combined entity will be well positioned to realize the growth opportunities in the market.”