Legado Capital has acquired Kivuto Solutions Inc (Kivuto) along with a group of investors, including the lead investor, Roynat Equity Partners.
Founded in 1997 by Ram Raju, Kivuto Solutions Inc was established to simplify the management and distribution of software in higher education. The company’s platform powers OnTheHub, a network of custom school branded web stores that provides students with discounted academic software and Texidium, an end-to-end eBook adoption, delivery and reader solution.
For the past two decades, Kivuto has worked with leading software publishers to develop academic programs that empower students and provide them with the tools and skills they need to be successful when they reach the workforce. These programs are designed to give students and faculty low to no cost access to top-tier products provided by publishers.
“Legado is committed to working with its partners and executing on a strategy that will see Kivuto continue its growth globally,” said Carlos Meza, Managing Partner of Legado Capital.
“Roynat Equity Partners is excited to partner with Legado and support a company that has established itself in the technology and education sectors like Kivuto and continues to exhibit significant growth opportunities,” says Paul Angelopoulos, Director, Roynat Equity Partners.
“Kivuto has built a great team of professionals that have driven much of the company’s success over the years and we’re thrilled to be a part of this world-class organisation,” says Jeff Blacklock, Managing Partner of Legado Capital.
Blake, Cassels & Graydon LLP served as legal counsel to the lead institutional investor group and Stikeman Elliott LLP served as legal counsel to Legado Capital in connection with the transaction.
