NEW YORK – Global law firm Reed Smith announced that it has advised private equity fund Leeds Equity Partners and its portfolio company Genius SIS (“Genius”) in the acquisition of LiteracyPro Systems (“LiteracyPro”). Genius provides cloud-based student information system (SIS) software and training management system software for online learning and virtual classrooms. LiteracyPro is a leading SIS software provider that helps teachers and administrators effectively manage state and local adult education and literacy programs and meet government reporting requirements.
Leeds Equity Partners is a private equity firm dedicated to the education, training, software, and information services industries (the “Knowledge Industries”). The firm was founded in 1993 and has managed over $3.5 billion of capital across a broad spectrum of companies within the Knowledge Industries. Leeds Equity Partners seeks to leverage its sector-focused expertise and market insights to create long-term value for its partner companies.
The New York-based Reed Smith team advising Leeds Equity Partners and Genius included private equity partners Mark Pedretti and Wayne Uffleman, tax partner Simon Kliegman and lead associate Brent McDonough.
Additional information pertaining to this transaction can be found at leedsequity.com.