M&A Deal Summary

PowerSchool Acquires PeopleAdmin

On April 17, 2018, PowerSchool acquired internet software and services company PeopleAdmin from Vista Equity Partners

Acquisition Highlights
  • This is PowerSchool’s 3rd transaction in the Internet Software and Services sector.
  • This is PowerSchool’s 6th transaction in the United States.
  • This is PowerSchool’s 2nd transaction in Texas.

M&A Deal Summary
Date 2018-04-17
Target PeopleAdmin
Sector Internet Software and Services
Buyer(s) PowerSchool
Sellers(s) Vista Equity Partners
Deal Type Merger

Target

PeopleAdmin

Austin, Texas, United States
PeopleAdmin, Inc. is a provider of cloud-based talent management solutions for the education and government markets. PeopleAdmin’s software enables more than 700 clients to streamline the hiring process, onboard new employees, efficiently manage positions and employee performance, develop compliant, defensible audit trails, and utilize industry-leading reporting and metrics. The Company’s integrated talent management suite, SelectSuite®, includes applicant tracking, faculty search committee management, position management, and onboarding and performance management. PeopleAdmin solutions are rapidly deployed, easy-to-use and supported through a world-class customer service organization.

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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 7 of 13
Sector (Internet Software and Services) 3 of 5
Type (Merger) 1 of 1
State (Texas) 2 of 2
Country (United States) 6 of 12
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Chalkable

Mobile, Alabama, United States

Chalkable, Inc. is a provider of education data management, student achievement and professional learning solutions to the K-12 public and private school markets. In partnership with states, districts, schools and educators, Chalkable helps students succeed by breaking down the barriers to learning across the K-12 ecosystem and facilitating collaboration, access to information, and effective use of tools to improve student performance. More than 5,000 schools in 50 states use Chalkable solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-24 Schoology

New York, New York, United States

Schoology, Inc. is a provider of software as a service (SaaS) Learning Management Systems (LMS) and collaboration tools to K-12 schools, higher education institutions, and corporate customers. Schoology, Inc. was founded in 2009 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 35 of 70
Sector (Internet Software and Services) 7 of 20
Type (Merger) 3 of 4
State (Texas) 8 of 13
Country (United States) 32 of 65
Year (2018) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 LogicMonitor

Santa Barbara, California, United States

LogicMonitor is an automated SaaS-based IT performance monitoring platform that provides the end to end visibility and actionable data needed to manage sophisticated on-premise, hybrid, and cloud infrastructures. LogicMonitor was established in 2007 and is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Allocate Software

Richmond, United Kingdom

Allocate Software is a provider of specialist workforce optimisation, organisational flow improvement, governance, risk & compliance software focused on helping our customers manage large, multi-skilled workforces in complex, fast changing environments. Allocate Software was established in 1991 and is based in Richmond, United Kingdom.

Buy -
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