Announced
Completed
Financials
Tags
Private Equity
Domestic
Acquisition
Majority
Completed
software-as-a-service
Private
Single Bidder
United States
Friendly
education software
Software
Synopsis
PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies, completed the investment in SchoolStatus, a provider of SaaS education technology powering K-12 communications and student data analytics. Financial terms were not disclosed. "We are excited for the opportunity to partner with PSG and build upon our success as a leader in K-12 student data and communications systems. We believe that we have found a trusted partner in PSG, which will allow us to continue to accelerate our growth trajectory, bring SchoolStatus’ solution to new markets, accelerate investment in our product capabilities and better support the parents, teachers and administrators using our platform. With SchoolStatus connecting all constituents of the school system, we believe that we are well positioned to help educators make data driven decisions, improve communications with parents and students and ultimately drive better educational outcomes. As schools continue to address learning loss and equity issues, we believe there is simply no better solution to get parents and teachers talking and on the same page," Russ Davis, SchoolStatus CEO and Founder.
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