PowerSchool Acquires Allovue, a Leading K-12 Financial Budgeting and Planning Software Provider, Expanding PowerSchool’s Industry Leading Data & Analytics Capabilities to Support Greater K-12 Organizational Effectiveness
22 Januar 2024 - 3:45PM
Business Wire
The addition of Allovue’s solutions to
PowerSchool’s product suite provides schools and districts the most
comprehensive K-12 data & analytics tools available, enabling
them to more easily and transparently allocate, budget, and manage
K-12 finances districtwide
PowerSchool (NYSE: PWSC), the leading provider of cloud-based
software for K-12 education in North America, today announced that
it has acquired Allovue, a leading provider of K-12 financial
planning, budgeting, and analytics software in the U.S. The
acquisition supports the expansion of PowerSchool’s financial
management, analytics, and workflow capabilities, providing
schools, districts, and state education leaders with the most
comprehensive suite of K-12 data and analytics tools available to
accurately plan budgets and provide clear visibility for their
communities into district spending and the impact on student
outcomes.
By adding Allovue’s finance management tools to PowerSchool’s
product suite, schools and districts will benefit from intuitive
and flexible budgeting tools to allocate and manage budgets and
resources, including real-time access to all budgeting information,
budget collaboration, equitable funding formulas, and analytics and
dashboards to track and manage spending.
"The acquisition of Allovue underscores our commitment to
empowering education leaders as they navigate the complex landscape
of education finance,” said Hardeep Gulati, CEO of PowerSchool. “As
federal stimulus funding winds down, budget management, impact
analytics, and budget transparency become even more critical in
K-12. Combining Allovue with PowerSchool’s existing suite of
products provides improved capabilities for managing district
finances with tools that are intuitive, flexible, easy to use, and
integrate with existing systems.”
Current and future PowerSchool customers will benefit from
comprehensive, system agnostic analytics, and unprecedented
cross-domain insights, resulting in greater awareness of the impact
of funding decisions on measurable student outcomes.
“PowerSchool and Allovue share a mutual goal of supporting
education leaders with solutions to equitably and effectively
administer resources,” said Jess Gartner, CEO and Founder of
Allovue and incoming PowerSchool Group Vice President of Allovue
and ERP. “We are thrilled that Allovue’s customers will be
supported by PowerSchool so that schools, districts, and states can
continue using Allovue’s solutions while also leveraging additional
capabilities like PowerSchool’s market-leading Student Information
System, Connected Intelligence, and AI offerings.”
Allovue customers and partners will be supported by PowerSchool
going forward and will benefit from continued enhancements to their
existing platform as well as new opportunities to leverage
PowerSchool’s award-winning products.
“Cincinnati Public Schools has successfully utilized PowerSchool
ERP and Allovue applications to effectively manage our budgeting
processes, seamlessly aligning with our strategic initiatives and
equity goals,” said Jennifer Wagner, Treasurer and Chief Financial
Officer of Cincinnati Public Schools. “Allovue and PowerSchool have
been instrumental, providing excellent transparency and
facilitating our budgeting process, offering performance and
flexibility for our daily financial tasks, as well as supporting
key reporting and analytic activities. We eagerly anticipate the
ongoing enhancement of both product lines individually, as well as
the anticipated synergies of both platforms under a single
company.”
Allovue was founded in 2013 by a team of educators,
technologists, education finance experts, and data specialists who
understand the impact that budgeting decisions have on student
success. Together, they worked to build innovative education
finance solutions to maximize student outcomes. Their mission is to
empower educators to strategically and equitably allocate resources
to best support the needs of students. Allovue’s goal is to help
educators make better decisions about their budgets and spending by
giving them dynamic, up-to-date, and user-friendly data. Allovue
works with districts and state departments of education across the
country to budget, manage, and evaluate their spending—supporting
workflow, analytics, and decision making for more than $50 billion
of K-12 spending on education resources for millions of
students.
For more information, please visit
www.powerschool.com/allovue.
About PowerSchool
PowerSchool (NYSE: PWSC) is the leading provider of cloud-based
software for K-12 education in North America. Its mission is to
empower educators, administrators, and families to ensure
personalized education for every student journey. PowerSchool
offers end-to-end product clouds that connect the central office to
the classroom to the home with award-winning products including
Schoology Learning and Naviance CCLR so school districts can
securely manage student data, enrollment, attendance, grades,
instruction, assessments, human resources, talent, professional
development, special education, data analytics and insights,
communications, and college and career readiness. PowerSchool
supports over 50 million students in more than 90 countries and
over 16,000 customers, including more than 90 of the top 100
districts by student enrollment in the United States. Learn more at
www.powerschool.com.
© PowerSchool. PowerSchool and other PowerSchool marks are
trademarks of PowerSchool Holdings, Inc. or its subsidiaries. Other
names and brands may be claimed as the property of others.
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version on businesswire.com: https://www.businesswire.com/news/home/20240119623715/en/
Investor Contact: Shane Harrison
Investor.relations@PowerSchool.com 855-707-5100 Media
Contact: Beth Keebler public.relations@PowerSchool.com
503-702-4230
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