Leeds Equity-backed iModules Software buys OrgSync

iModules Software, a portfolio company of Leeds Equity Partners LLC, has acquired OrgSync. No financial terms were disclosed. Based in Dallas, OrgSync is a provider of student community management solutions for higher education.

PRESS RELEASE

Leawood, KS – March 3, 2015. iModules Software, the leading provider of software-as-a-service constituent engagement management solutions for educational institutions, announced today the acquisition of OrgSync, the leading online provider of student community management solutions for higher education. iModules is a portfolio company of Leeds Equity Partners, LLC, the New York-based private equity firm focused exclusively on investing in the knowledge industries. Terms of the transaction were not disclosed.

Founded in 2007, OrgSync provides a cloud-hosted, SaaS platform that provides both campus administrators and students with the tools and resources necessary to effectively manage and enrich campus life. OrgSync creates an online community for campuses that helps departments, programs, and member-based organizations centralize communication and online resources.

OrgSync streamlines student and administrative processes, manages people and groups, organizes calendars, programs and events, analyzes assessments and evaluations, quantifies student involvement and success, and helps meet emerging institutional education and accreditation requirements. The underlying strength and utility of the OrgSync solution is evidenced by its rapid adoption in higher education, including by more than 450 campuses, five million users, and 80,000 clubs and organizations.

“With the addition of OrgSync’s expertise and software platform in community management, iModules is uniquely positioned as a full life-cycle constituent engagement platform — from the time a student steps on campus to well past graduation,” said Fred Weiss, President and CEO of iModules. “This acquisition provides us the unique ability to serve higher education institutions in a broader capacity and address their key challenges. Our goal is to improve student engagement and retention, help universities meet ever increasing accreditation standards and utilize data to drive more successful fundraising activities.”

“iModules is the clear leader in online constituent engagement management and we are thrilled to join the organization. Our team is energized by the opportunity ahead to jointly pursue the numerous strategic growth opportunities across the higher education landscape,” said Eric Fortenberry, Founder, President, and CEO of OrgSync, who will continue to lead the OrgSync team.

Jacques Galante, a Managing Director at Leeds Equity, said “OrgSync and iModules have both experienced significant growth as independent organizations. This transaction will accelerate that growth as the combined companies will have a broad and differentiated portfolio of solutions that can redefine how higher education institutions engage with their constituents.”

About OrgSync:
OrgSync provides a cloud-hosted SaaS community management platform tailored to higher education institutions. The Company’s products create a robust online community that provides both students and campus administrators with the tools and resources necessary to effectively manage and enrich campus life. The platform allows campuses to leverage the data collected in OrgSync to assess the impact of student involvement and co-curricular programming on overall student success and retention. Founded in 2007, the Company serves over 450 campuses worldwide with approximately five million users.

About iModules Software:
iModules is the leading SaaS provider of constituent engagement management software for educational institutions. Its interconnected suite of modules transforms how institutions create relevant constituent experiences and achieve fundraising success through web content management, marketing communications, online giving, event management, ecommerce and social media integration. iModules integrates data, content and strategy to drive participation and financial growth, while increasing operational efficiency. Their expertise and exceptional customer service combined with a passion for web technology delivers meaningful results in marketing communications, giving, memberships and stewardship for educational institutions. With more than 800 clients reaching more than 107 million constituents, iModules has been an industry leader since 2002 by partnering with institutions worldwide to achieve their missions.

About Leeds Equity Partners:
Leeds Equity Partners, LLC, is a New York based private equity firm focused exclusively on investing in the knowledge industries, which includes application software, education and training, information services and technology-enabled services. The firm was founded by Jeffrey T. Leeds and Robert A. Bernstein in 1993 and has raised and managed more than $1.1 billion of capital across five funds.

The Board of Advisors of Leeds Equity Partners includes: Chairman General Colin L. Powell, former Secretary of State, National Security Advisor and Chairman of the Joint Chiefs of Staff; Vice Chairman Gaston Caperton, a former President of the College Board and a former two-term Governor of West Virginia; Tim J. Fitzpatrick, the former CEO of Sallie Mae Corporation; Thomas F. (“Mack”) McLarty III, President of McLarty Associates and former White House Chief of Staff under President William J. Clinton; Dr. Barry A. Munitz, former Chancellor of the California State University system and CEO of the J. Paul Getty Trust; Guillermo Nigaglioni, President and CEO of Instituto de Banca y Comercio, Inc.; Richard W. Riley, former Secretary of Education under President William J. Clinton and two-term Governor of South Carolina; Alec Ross, former Senior Advisor for Innovation to former Secretary of State Hillary Clinton; and Timothy P. Shriver, Chairman of the Board of the Special Olympics.

For additional information on OrgSync, see http://orgsync.com/
For additional information on iModules, see http://www.imodules.com/
For additional information on Leeds Equity Partners, see http://www.leedsequity.com/