IMP Software secures minority investment from Partech to scale research and development.
The minority investment from Partech Growth fund will help IMP Software double its R&D spending and expand its product suite.
IMP Software provides budgeting, forecasting and financial management platforms tailored for Multi-Academy Trusts across the United Kingdom. Its software supports over 550 trusts and 6,000 schools to improve financial oversight and reporting.
IMP Software has secured a significant minority investment from Paris-headquartered Partech Growth fund. The transaction will allow the education technology provider to accelerate research and development while maintaining its customer support standards. The original founders will retain their majority shareholding and control of the company following the deal.
The capital injection will be directed towards more than doubling research and development investment, allowing the platform to evolve its product suite and launch new solutions for Multi-Academy Trusts. IMP Planner will remain at the core of the offering as the company scales its operations under the new partnership with Partech.
From the founder
"Customers have put huge trust in us over the years, and we take that responsibility seriously. Our success is tied directly to doing a great job for MATs. This investment is about doubling down on that commitment, building more, improving faster, and further enhancing support. Our team have done an incredible job getting us to this point and the strength and depth that we now have across all functions means that we are well placed to rapidly scale the business over the years ahead."
Dave Hall
Co-Founder at IMP Software
Use of funds
- 01Fund research and development
- 02Continue product development
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About the company
IMP Software
IMP Software provides financial management and budget forecasting platforms for Multi-Academy Trusts.