iPhone | iPad
Android
Huawei
In an interview ahead of his much-awaited IIFA performance, the Bollywood star talks about embracing fatherhood, his craft and more
KT APPDOWNLOAD
Investcorp portfolio company Impero acquires Netop
Dubai - Netop will provide Impero with the potential to accelerate its growth in the US.
Ali AlRahma, private equity product specialist at Investcorp. — Supplied photo
Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, announced on Wednesday that its portfolio company, Impero, a provider of online student safety and classroom and network management software, has acquired Netop, an international software solutions provider to the education sector and corporates, from Consolidated Holdings A/S, terms of the transaction were not disclosed.
Ali AlRahma, private equity product specialist at Investcorp, said: “Impero’s acquisition of Netop comes at a time when both students and professionals around the world need the technology solutions provided by these two organisations. We believe that this acquisition will further advance Impero’s ability to serve both education and corporate clients.”
Upon completing the transaction, Impero would be better positioned to serve customers in both the education and corporate end markets with a broader suite of offerings, and would have the potential to both accelerate its product roadmap and realise substantial revenue synergies 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.
Gilbert Kamieniecky, managing director and head of Investcorp’s Private Equity Technology business, said: “The addition of Netop will provide Impero with the potential to accelerate its growth in the US whilst also bringing high quality technology, an international customer base, and an excellent team. Impero and Netop are highly complementary businesses and we are excited by the compelling growth and value-creation potential of the transaction and the strong progress that Impero is continuing to deliver on its strategy.” — business@khaleejtimes.com
More news from
The actor, who recently dropped the single 'Ittefaq', shared the stage with 'Challeya' singer Shilpa Rao
Fame is a double-sided coin, she explains
The mission has supported more than 4,000 service seekers as part of this initiative
Experts recommended exploring the idea of further reducing working hours to see if it brings even more benefits
Bollywood celebrities have gathered in Abu Dhabi for the grand award show
The captain said he was proud to represent UAE in an international arena
With scores of applications being submitted, authorities have found more ways to provide flexibility to amnesty-seekers