M&A Deal Summary

PowerSchool Acquires SRB Education Solutions

On August 8, 2016, PowerSchool acquired software company SRB Education Solutions from StarDyne Technologies

Acquisition Highlights
  • This is PowerSchool’s 2nd transaction in the Software sector.
  • This is PowerSchool’s 1st transaction in Canada.
  • This is PowerSchool’s 1st transaction in Ontario.

M&A Deal Summary

Date 2016-08-08
Target SRB Education Solutions
Sector Software
Buyer(s) PowerSchool
Sellers(s) StarDyne Technologies
Deal Type Divestiture

Target

SRB Education Solutions

Markham, Ontario, Canada
SRB Education Solutions, Inc. is a provider of complementary administrative and ERP software solutions for K-12 school boards and districts in Ontario and throughout the Canadian provinces.

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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 5 of 13
Sector: Software 2 of 7
Type: Divestiture 2 of 4
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2016 4 of 5
PREVIOUS DEAL
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 -
FOLLOWING 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 -

Seller(S) 1

SELLER

StarDyne Technologies

Kelowna, British Columbia, Canada

Category Company
Founded 2001
Sector Software
DESCRIPTION

StarDyne Technologies, Inc. is a provider of software and related services to the public sector, primarily local government and education markets. StarDyne offers, through its group companies, alternative and complimentary solutions to satisfy customer requirements.


DEAL STATS #
Overall 6 of 6
Sector: Software 5 of 5
Type: Divestiture 6 of 6
State: Ontario 1 of 1
Country: Canada 5 of 5
Year: 2016 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Diamond Municipal Solutions

Kelowna, British Columbia, Canada

Diamond Municipal Solutions is an ERP solution focused on financial and revenue management software with over 300 public sector customers in North America.

Sell -