Add-on Acquisition • Education

Apple Acquires PowerSchool

On March 13, 2001, Apple acquired education company PowerSchool for 62M USD

Acquisition Context
  • This is Apple’s 1st transaction in the Education sector.
  • This is Apple’s 18th largest (disclosed) transaction.
  • This is Apple’s 12th transaction in the United States.
  • This is Apple’s 6th transaction in California.
Investment Fate
  • PowerSchool was divested to a consortium of strategic buyers in 2006.
  • 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.

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M&A Deal Summary

Date March 13, 2001
Target PowerSchool
Sector Education
Buyer(s) Apple
Deal Type Add-on Acquisition
Deal Value 62M USD

Target Company

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 Overview 1

Buyer

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 Context for Buyer #
Overall 14 of 113
Sector: Education 1 of 1
Type: Add-on Acquisition 14 of 112
State: California 6 of 48
Country: United States 12 of 71
Year: 2001 2 of 3
Size (of disclosed) 18 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Blue Fish Labs

Homestead, Pennsylvania, United States

Blue Fish Labs provides nimble software products and expert engineering services that speed time-to-market and reduce development costs for full-featured e-business Web sites and Internet applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-09 Spruce Technologies

San Jose, California, United States

Spruce Technologies, Inc.,a privately-held company that develops and markets DVD authoring products. Spruce's authoring applications target the professional, corporate, educational and consumer markets. The company also develops encoder boards including the MPX3000 - a real-time encoder for MPEG-1 and MPEG-2, as well as AC-3 Dolby Digital Two-Channel encoding; and the ACXpress 5100, a PCI card that provides real-time 5.1-channel Dolby Digital encoding.

Buy $15M