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Synopsis
Leeds Equity Partners-backed Genius SIS, a software company offering cloud-based student information system software and training management system software for online learning and virtual classrooms, completed the acquisition of LiteracyPro Systems, a company that provides software that enables teachers and administrators to effectively manage their adult education programs and meet government mandated reporting requirements. Financial terms were not disclosed. "Our investment thesis for Genius is built on our sector insights that most institutions of learning – including K-12 schools, higher education institutions, corporate learning departments and government workforce development programs – require robust administrative and student workflow systems that are purpose built to enable them to offer effective learning programs. Acquiring LiteracyPro is an important strategic expansion of Genius, enabling it to extend its capabilities into the adult basic education and adult literacy sectors and positioning Genius to make greater inroads in the broader workforce development market,” Jacques Galante, Leeds Equity Partners Partner.
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