We wanted to inform our PowerSchool users that Pearson has announced the sale of PowerSchool. We anticipate no major changes as PowerSchool has been sold before first to Apple and then to Pearson with very little interruption to the customer.
If you have any questions, feel free to contact jane.hovda@k12.nd.us.
Dear Valued Customer:
Today, Pearson announced the sale of the Student Information Systems (SIS) businesses, which include PowerSchool®, PowerSchool SMS, Gradespeed, and eSIS Forms, to Vista Equity Partners, a leading US-based private equity firm, with offices in San Francisco, Chicago and Austin, that is focused on investing in software, data, and technology-enabled organizations.
Vista Equity Partners has extensive experience advising software companies and helping them successfully transition from parent corporations into standalone businesses that achieve ambitious growth goals. We look forward to working with them to achieve this outcome for our group and the PowerSchool product family, and we are excited about the opportunity to focus specifically on the PowerSchool business. Customers will greatly benefit as we continue to expand and innovate our solutions portfolio, delivering products that serve the diverse and continually evolving needs of educators, parents and students.
The sale is expected to close in early Q3 of 2015. During this transition period, our top priority is to make sure our customers continue to have a positive experience with our products. Our PowerSchool team will consist of the same dedicated professionals who currently support your schools every day. Your relationship with us will remain the same.
We are committed to continuing the support and services you have come to expect from your PowerSchool team. If you have any additional questions about this announcement, please contact your PowerSchool Account Manager.
Sincerely,
Bryan MacDonald
Managing Director
School Systems