A Veritas Capital Fund Management LLC affiliate agreed to acquire Campus Management Corp. and Edcentric from Leeds Equity Partners LLC.
Financial terms of the transaction, which is expected to close in the first quarter of 2020, were undisclosed.
Leeds will remain an investor in both companies alongside Veritas.
Raymond James was financial adviser to Campus Management and Edcentric in the transactions.
Campus Management provides cloud-based student information systems, customer relationship management and enterprise resource planning solutions, while Edcentric also provides application software services to higher education institutions.