PowerSchool Acquires Allovue, a Leading K-12 Financial Budgeting and Planning Software Provider, Expanding PowerSchool’s Industry Leading Data & Analytics Capabilities to Support Greater K-12 Organizational Effectiveness
Jan 22, 2024•almost 2 years ago
Acquiring Company
PowerSchool
Acquired Company
Allovue
Description
PowerSchool, the leading provider of cloud-based software for K-12 education, has acquired Allovue, a leading K-12 financial budgeting and planning software provider in the U.S. This acquisition expands PowerSchool’s industry-leading data & analytics capabilities, enhancing financial management, analytics, and workflow capabilities for schools, districts, and state education leaders.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed