PowerSchool has reached an agreement to acquire Schoology, a provider of learning management systems with a sizable footprint among K-12 schools and districts.
If approved, the pending acquisition would mark the latest puzzle piece that PowerSchool has purchased this decade. Founded in 1997, Powerschool was first bought by Apple in 2001, and then by Pearson in 2006. The publisher sold the PowerSchool to private equity firm Vista Equity Partners in June 2015. Onex, another private equity firm, invested in PowerSchool in 2018 and shares equal equity ownership with Vista.
Since 2015, PowerSchool has acquired eight companies. Through these deals, the company has expanded its product suite beyond its original K-12 student information system offering to assessment, enrollment, special education and talent management services. Schoology would be PowerSchool’s second purchase of a learning management system (LMS), after it acquired Haiku Learning in 2016. Haiku has since been rebranded as PowerSchool Learning.
Neither the financial terms of the deal nor its expected closing date were disclosed in the announcement. Executives from both companies were unavailable when reached by EdSurge (but we will update the story with additional details and commentary when available).