M&A Deal Summary |
|
|---|---|
| Date | 2016-05-10 |
| Target | MAXIMUS - TIENET |
| Sector | Education |
| Buyer(s) | PowerSchool |
| Sellers(s) | MAXIMUS |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Education |
| Revenue | 698M USD (2023) |
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 | 3 of 13 |
| Sector (Education) | 1 of 1 |
| Type (Divestiture) | 1 of 4 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 3 of 12 |
| Year (2016) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-03 |
Interactive Achievement
Roanoke, Virginia, United States Interactive Achievement, Inc. is a software developer of formative assessment and reporting tools. Interactive Achievement offers assessment and analytical solutions for school administrators and teachers to deliver measurable students performance. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-06 |
Haiku Learning
Goshen, Indiana, United States Haiku Learning, Inc. is a provider of cloud-based learning management and classroom collaboration solution designed to meet the needs of K-12 educators. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1975 |
| Sector | Business Services |
| Employees | 39,600 |
| Revenue | 4.9B USD (2023) |
MAXIMUS is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia and Saudi Arabia. The Company delivers business process services to improve the cost effectiveness, efficiency and quality of government-sponsored benefit programs, such as the Affordable Care Act, Medicaid, Medicare, Children's Health Insurance Program (CHIP), Health Insurance BC (British Columbia), as well as welfare-to-work and child support programs around the globe. MAXIMUS was formed in 1975 and is based in McLean, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Education) | 1 of 1 |
| Type (Divestiture) | 2 of 3 |
| State (Virginia) | 2 of 3 |
| Country (United States) | 2 of 3 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-01 |
Ascend Management Innovations
Franklin, Tennessee, United States Ascend Management Innovations is a provider of conflict-free health care assessment services for state government agencies across the U.S. Ascend specializes in long-term care assessments for people with physical disabilities and complex medical conditions, and people with behavioral health, intellectual, and developmental disabilities. |
Buy | $300M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-09 |
General Dynamics Information Technology - Federal Citizen Engagement Centers
Fairfax, Virginia, United States General Dynamics Information Technology, Inc. - Federal Citizen Engagement Centers is a provider of IT services. |
Buy | $400M |
