Leeds Equity Partners Completes Sale of Campus Management and Edcentric to Veritas Capital
NEW YORK, March 2, 2020 /PRNewswire/ -- Leeds Equity Partners ("Leeds Equity"), the New York-based private equity firm focused exclusively on investing in the Knowledge Industries, announced today the completion of the sale of Campus Management Corp. ("Campus Management") and Edcentric Inc. ("Edcentric") to Veritas Capital ("Veritas"). Leeds Equity will also be making a new investment in the companies alongside Veritas. Jeffrey Leeds and Jacques Galante will serve on the board of directors.
"The partnership with Leeds Equity has been an incredible experience," said Jim Milton, CEO of Campus Management. "Our successful journey together was guided by a commitment to investing in compelling solutions, building strong teams and fostering collaboration and transparency. We are excited to embark on this next stage of growth with Veritas and Leeds as we look to bring best-of-breed higher education software products to market with Campus Management and Edcentric."
"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," said Jacques Galante, Partner at Leeds Equity. "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."
"Under Leeds Equity's ownership, we accelerated growth and enhanced our value proposition to higher education administrators and students by driving product development and executing on strategic acquisitions," said Tom Palmer, Chairman of Edcentric. "On behalf of the entire Edcentric team, I want to extend our gratitude to the Leeds team for their guidance and unwavering dedication to the needs of our constituents, both of which were instrumental in solidifying our leadership in higher education software."
Raymond James served as financial advisor and Goodwin Procter LLP served as legal counsel to Leeds Equity Partners.
About Leeds Equity Partners:
Leeds Equity Partners is a New York-based private equity firm dedicated exclusively to partnering with management teams in the education, training and information services industries (the "Knowledge Industries"). The firm was founded in 1993 and currently manages $1.7 billion of capital across a broad spectrum of companies within the Knowledge Industries. Leeds Equity seeks to leverage its sector-focused expertise and market insights to create long-term value for its partner companies.
For additional information on Leeds Equity, see www.leedsequity.com/
About Campus Management:
Campus Management is a leading provider of cloud-based SIS, CRM and ERP solutions and services that transform higher education institutions. Today, more than 1,100 institutions in over 30 countries partner with Campus Management to transform academic delivery, student success, and operational efficiency. Campus Management is a finalist for the 2019 Microsoft Power BI Partner of the Year.
For additional information on Campus Management, see www.campusmanagement.com/
Edcentric is the leading provider of institutional effectiveness software to education institutions. Edcentric's go-to-market operations include Campus Labs, based in Buffalo, NY and iModules, based in Kansas City, MO. The company's software enables planning, assessment, engagement and fundraising, thereby improving overall institutional effectiveness.
For additional information on Edcentric, see www.edcentric.io
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Jeffrey T. Leeds