Campus Management Corp, a portfolio company of Leeds Equity Partners, has acquired Hobsons Inc’s CRM and application management software business. No financial terms were disclosed. Goodwin Procter provided legal advice to Leeds Equity Partners on the deal.
NEW YORK, Sept. 28, 2017 /PRNewswire/ — Higher education software provider Campus Management Corp. (“Campus Management”), a Leeds Equity Partners portfolio company, announced today that it has acquired the constituent relationship management (“CRM”) and application management software business of Hobsons, Inc. The acquired product portfolio consists of the Radius, AppReview, ApplyYourself, Connect and Retain product lines that serve the higher education market. The transaction, announced and completed by the companies today, represents the third acquisition by Campus Management under Leeds Equity’s ownership. Terms of the transaction were not disclosed.
Jacques Galante, Managing Director of Leeds Equity Partners, said, “Higher education institutions face new challenges with traditional models of recruiting, academic delivery, student engagement and outcomes. We believe that deep, vertical specific software and data products will serve as critical tools in helping institutions navigate these challenges. With this acquisition, Campus Management is extremely well positioned to be a key strategic partner to higher education in this evolving and dynamic market.”
“As we continue to evolve our CampusNexus® engagement platform, fostering communications and relationships throughout the student lifecycle, we look to constantly improve upon what we offer to the market,” said Campus Management CEO Jim Milton. “The acquired CRM and application management products will add to our already strong CampusNexus® suite to achieve that goal. Furthermore, the addition of the very talented CRM and application management team from Hobsons reinforces our mission to provide the software platform and services that enable higher education institutions to transform their academic delivery, student success and operational efficiency, on their terms.”
“We are incredibly excited to announce this acquisition and look forward to continuing to build upon our student lifecycle management software franchise. Our new partners have a strong history of delivering feature-rich software that helps higher education institutions drive enrollment, enhance funding prospects and optimize admissions office workflows. This combination affords compelling complementarities across solution strategy, product development and infrastructure services, enabling Campus Management to meaningfully advance innovation delivered to clients,” said David Neverson, Vice President of Leeds Equity Partners.
Goodwin Procter served as legal counsel to Leeds Equity Partners.
About Leeds Equity Partners:
Leeds Equity Partners, LLC, is a New York-based private equity firm focused exclusively on investing in the education, training and information services industries (the “Knowledge Industries”). The firm was founded by Jeffrey T. Leeds and Robert A. Bernstein in 1993 and has raised and managed more than $1.5 billion of capital across its private equity funds.
For additional information on Leeds Equity Partners, see http://www.leedsequity.com/
About Campus Management
Campus Management is a leading provider of cloud solutions and services that transform higher education institutions. Campus Management’s next-generation suite, CampusNexus®, includes enterprise-wide Student, CRM, and Finance, HR & Payroll solutions. Today, more than 2,000 campuses in 20 countries partner with Campus Management to transform academic delivery, student success and operational efficiency.
For additional information on Campus Management, see https://www.campusmanagement.com/