M&A Deal Summary

PowerSchool Acquires Allovue

On January 22, 2024, PowerSchool acquired software company Allovue

Acquisition Highlights
  • This is PowerSchool’s 7th transaction in the Software sector.
  • This is PowerSchool’s 12th transaction in the United States.
  • This is PowerSchool’s 1st transaction in Maryland.

M&A Deal Summary
Date 2024-01-22
Target Allovue
Sector Software
Buyer(s) PowerSchool
Deal Type Add-on Acquisition

Target

Allovue

Baltimore, Maryland, United States
Allovue provides K-12 financial planning, budgeting, and analytics software in the U.S. The company empowers educators to strategically and equitably allocate resources to best support the needs of students. Allovue helps educators make better decisions about their budgets and spending by giving them dynamic, up-to-date, and user-friendly data. It works with districts and state departments of education across the country to budget, manage, and evaluate their spending—supporting workflow, analytics, and decision-making for more than $50 billion of K-12 spending on education resources for millions of students. Allovue was formed in 2013 and is based in Baltimore, Maryland.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PowerSchool

Folsom, California, United States
Category Company
Founded 1997
Sector Education
Revenue 698M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 13 of 13
Sector (Software) 7 of 7
Type (Add-on Acquisition) 8 of 8
State (Maryland) 1 of 1
Country (United States) 12 of 12
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Kinvolved

New York, New York, United States

Kinvolved is a provider of K-12 communications, attendance, and engagement software solutions through its KiNVO software suite, Kinvolved helps school systems build positive, two-way relationships between school and home via automated, translated text-messaging-based nudges and provides attendance and engagement data to school and district administrators to inform real-time interventions. Kinvolved is based in New York City.

Buy -
Mergr

Product

Company

Legal