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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, 2024almost 2 years ago

Acquiring Company

PowerSchool

Acquired Company

Allovue

FolsomBaltimoreSoftwareE LearningEducation

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.

Company Information

Company

PowerSchool

Location

Folsom, California, United States

About

PowerSchool is a leading provider of cloud-based software for K-12 education in North America. Its mission is to empower educators, administrators, and families to ensure personalized education for every student journey. PowerSchool offers end-to-end product clouds that connect the central office to the classroom to the home with award-winning products including Schoology Learning and Naviance CCLR, so school districts can securely manage student data, enrollment, attendance, grades, instruction, assessments, human resources, talent, professional development, special education, data analytics and insights, communications, and college and career readiness. PowerSchool supports over 60 million students in more than 90 countries and over 18,000 customers, including more than 90 of the top 100 districts by student enrollment in the United States.

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M&A Insights

Based on deal data
Integration 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