KEV Group, the leading provider of school activity fund management software, today announced the acquisition of Washington-based InTouch Receipting. With a combined customer base of 22,000 schools, the acquisition further solidifies the company’s position in the K-12 school activity fund management space and will allow KEV to deliver an expanded offering to school districts across North America.
“The acquisition of InTouch is a continuation of the strategic investments we’ve been making to deliver increased value to our customers,” said Bram Belzberg, Chairman and CEO of KEV Group. “Adding InTouch to the KEV family made perfect sense given their stellar reputation for exceeding customer expectations and their deep expertise in the K-12 space. This, coupled with the incredible synergies between our two organizations, will enable us to innovate more quickly and deliver enhanced solutions and services to support our customers’ evolving needs.”
“For more than 30 years, we’ve focused our efforts on delivering innovative solutions that make it easy for students and parents to make in-person and online payments, while streamlining reporting and audits for finance personnel,” said Arnold Mortzheim, ITR co-founder, who, along with co-founder Diane Mortzheim will continue to work in senior leadership roles at KEV Group. “We’re excited to make even more of an impact as part of KEV.”
Terms of the agreement have been finalized but were not disclosed.
About KEV Group
KEV Group provides the only unified solution that enables K-12 districts manage every dollar of school activity & district fees accurately, efficiently & consistently. By seamlessly integrating and automating all fee management processes, the SchoolCash platform provides real-time visibility and control over how districts and schools create, collect, manage, track, and reconcile these funds. Parents benefit from an easy-to-use solution that offers convenience and supports all payment types. More than 22,000 schools across North America rely on SchoolCash to manage over $4 billion in activity funds annually. Visit KEVGroup.com to learn more.
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Serent Capital or any company in which Serent Capital or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Serent Capital does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Serent Capital’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision.
Executive endorsements of Serent Capital are for illustrative purposes, designed to attract business development contacts, and should not be construed as a client or investor testimonial of Serent Capital's investment advisory services. All such endorsements are from current or former portfolio company leadership about Serent Capital’s ability to provide services to their companies. Certain executives are also investors in Serent Capital’s investment vehicle(s), and as such, there is an inherent conflict in that those executives have an incentive to provide favorable reviews of Serent Capital’s business practices for the benefit of the investment vehicles that they hold a personal ownership interest in. Serent Capital has not, directly or indirectly, paid any compensation to such individuals for their endorsements.
Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Serent Capital undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
