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M&A Deal Summary

Pearson Education Acquires PowerSchool

On May 25, 2006, Pearson Education acquired education company PowerSchool from Apple

Acquisition Highlights
  • This is Pearson Education’s 1st transaction in the Education sector.
  • This is Pearson Education’s 4th transaction in the United States.
  • This is Pearson Education’s 2nd transaction in California.
Investment Fate
  • PowerSchool was divested to a consortium of buyers in 2015 for 350M USD.
  • PowerSchool went public in 2021.
  • PowerSchool was sold to a financial buyer in 2024 for 5.6B USD.

M&A Deal Summary
Date 2006-05-25
Target PowerSchool
Sector Education
Buyer(s) Pearson Education
Sellers(s) Apple
Deal Type Divestiture

Target

PowerSchool

Folsom, California, United States
PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool was founded in 1997 and is based in Folsom, California.

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Buyer(S) 1

Buyer

Pearson Education

Upper Saddle River, New Jersey, United States
Category Company
Founded 1998
Sector Education
DESCRIPTION

Pearson Education is an education services company that provides assessment and training products and services.

DEAL STATS #
Overall 5 of 13
Sector: Education M&A 1 of 6
Type: Divestiture M&A Deals 2 of 4
State: California M&A 2 of 2
Country: United States M&A 4 of 6
Year: 2006 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-05 Paravia Bruno Mondadori Editori

Milan, Italy

Paravia Bruno Mondadori Editori, one of Italy's major educational publishing companies. PBM publishes for all types of Italian schools and across all subjects and has a catalogue of more than 3,000 school titles. PBM publishes university textbooks, teaching materials and dictionaries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-31 Chancery Software

Burnaby, British Columbia, Canada

Chancery Software Ltd. is a provider of student information systems (SIS) in the K-12 US school market. Chancery has built a range of software tools to help schools and districts collect and manage student information such as enrollments, scheduling, attendance, grading, and student performance.

Buy -

Seller(S) 1

SELLER

Apple

Cupertino, California, United States
Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 391.0B USD (2024)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.

DEAL STATS #
Overall 2 of 2
Sector: Education M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 FingerWorks

Townsend, Delaware, United States

FingerWorks, Inc. a Gesture recognition company. It Develops the iGesture Pad and TouchScreen Keyboard. These products were initially developed to give users with repetitive stress injuries an alternative approach to mobile computing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 Silicon Color

San Diego, California, United States

Silicon Color had a strong reputation for catering to video professionals through its FinalTouch 2K, FinalTouch HD, and FinalTouch SD packages.

Buy -
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