Leawood-based iModules Software has been acquired by Leeds Equity Partners in New York, a private equity firm devoted to investing in knowledge industries.
Founded in 2002, iModules Software leads in constituent engagement management software for educational institutions. The company has more than 800 clients—including the University of Missouri and Kansas State University—that communicate with more than 100 million people around the world.
The unified suite of components utilized by iModules changes how organizations create pertinent constituent practices and achieve fundraising through web content management, marketing communications, online giving, event management, ecommerce and integration of social media.
“iModules has built a successful, impactful business, because they understand the intricacies of the educational advancement market,” said Robert A. Bernstein, senior managing director and co-founder of Leeds Equity Partners, in a release. “We look forward to helping them continue to deliver an industry-leading solution that helps institutions meet their increasingly complex challenges.”
Fred Weiss, president of iModules, said: “Leveraging the expertise, strategic insight and resources of Leeds Equity Partners will bolster the growth and innovation trajectory of iModules. Our clients will benefit through increased investment and our management team is excited to work with the Leeds team.”
Tom Palmer, iModules’ co-founder and executive chairman, said: “This transaction represents a significant milestone for iModules. We now have in place institutional sponsorship with deep knowledge and resources to support iModules’ continued growth.”
Although details of the transaction were not released, iModules reports that its existing executive management team will remain in place under the ownership of Leeds Equity Partners.
“Our passion is funding and promoting the knowledge sector,” said Jacques V. Galante, managing director of Leeds Equity Partners, and “iModules’ ability to enhance productivity through innovation is perfectly in step with our mission.”
