Transaction supports PowerSchool's next chapter as a private standalone company PowerSchool Holdings, Inc. ("PowerSchool" or the "Company"), a leading provider of cloud-based software for K-12 education, today announced the close of its acquisition by Bain Capital for $22.80 per share in cash, representing a total enterprise value of approximately $5.6 billion. PowerSchool's software solutions support over 60 million students and over 18,000 customers in more than 90 countries. The Company brings together the best of K-12 educational and operational technology to enhance every step of a student's learning journey. "We could not be more excited to enter this next phase of PowerSchool's de

Tomball Independent School District and PowerSchool partner to leverage the full power of Artificial Intelligence. PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced Tomball Independent School District (Tomball ISD) in Tomball, Texas has partnered with PowerSchool to pilot PowerBuddy, PowerSchool's AI-powered assistant. This pilot includes access to PowerBuddy for Learning and PowerBuddy for Custom AI, which enhances the district's ability to personalize learning for students and empowers teachers to educate more effectively through PowerSchool's responsible artificial intelligence tools designed for K-12. Tomball ISD

PowerBuddy™ for College and Career and PowerBuddy™ for Custom AI address critical education priorities including preparing future-ready students and improving stakeholder engagement, available now for the 2024-2025 school year PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, announced today the availability of its latest PowerSchool PowerBuddy™ AI products: PowerBuddy™ for College and Career and PowerBuddy™ for Custom AI. These tools aim to transform how school staff, teachers, counselors, students, families, and the community connect with their school district, while also helping students easily explore and take steps to ensure the

Second quarter total revenue increased 10% year-over-year to $191.6 million, meeting outlook Second quarter GAAP net loss was $25.7 million, representing 13% of total revenue, and Adjusted EBITDA* increased 9% year-over-year to $66.6 million, meeting outlook and representing 35% of total revenue PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its second quarter ended June 30, 2024. "I'm pleased with our second quarter performance, which highlights our market leadership in K-12 software and the continued demand for our comprehensive platfor

PowerSchool examines national survey data from K-12 educators to uncover the educator and students demand for personalized education experiences, the trending perceptions of AI and more, ahead of the new school year PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, has released the key findings from the 2024 Education Focus Report for the 2024-2025 school year. The report offers an in-depth analysis of the key challenges and innovations currently shaping the U.S. education landscape going into the 2024-2025 school year. Drawing from a national survey of 1,620 educators, alongside 12 focus groups and 12 interviews engaging over 75 di

PowerBuddy™ for Learning and PowerBuddy™ for Data Analysis address critical challenges in education including learning loss and chronic absenteeism ahead of the 2024-2025 school year PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, announced today the general availability of its latest PowerSchool PowerBuddy™ AI products: PowerBuddy™ for Learning Student Assistant and PowerBuddy™ for Data Analysis. These innovative solutions are designed to enhance the educational experience and streamline data analysis, empowering students, educators, and administrators ahead of the 2024-2025 school year. Founded on PowerSchool's Responsible AI

PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or "the Company"), a leading provider of cloud-based software for K-12 education, announced today that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the Company at $5.6 billion. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed transaction. The per share purchase price represents a premium of 37 percent over PowerSchool's unaffected share price of $16.64 as of May 7, 2024, the last trading day prior to media reports regarding a potential transaction. PowerSchool is a global education technology company s

PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced that members of its executive leadership team will participate in the following investor conferences in the second quarter of 2024: Baird 2024 Global Consumer, Technology & Services Conference in New York, NY Date: Tuesday, June 4, 2024 Presentation Time: 4:20 p.m. ET / 1:20 p.m. PT Presenter: President & CFO Eric Shander Bank of America Global Technology Conference in San Francisco, CA Date: Tuesday, June 4, 2024 Presentation Time: 8:40 a.m. PT / 11:40 a.m. ET Presenter: CEO Hardeep Gulati William Blair 44th

First quarter total revenue increased 16% year-over-year to $185.0 million, meeting outlook First quarter GAAP net loss was $22.8 million, representing 12% of total revenue, and Adjusted EBITDA* increased 24% year-over-year to $61.3 million, exceeding outlook and representing 33% of total revenue ARR* increased 18% over the prior year to $720.3 million as of March 31, 2024 NRR* of 107.0% improves sequentially 30 basis points from the fourth quarter of 2023 PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its first quarter ended March 31

NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Provides Evidence That PowerSchool May Be Potentially Violating Student Data Privacy Laws Expresses Concerns with Reported Revenue Quality Given Conflicting Customer References, Changes to Revenue Recognition Policy Language, Abnormally High Bad Debt Reserves, and Rising Days Sales Outstanding Believes That PowerSchool's Financial Reporting Has Become More Opaque and That its Adjusted Financial Reporting is Highly Embellished with Liberal Cost Capitalization and Amortization Practices Which are 2x to 3x Industry Peers Believes That PowerSchool's Strains From its Growth by Acquisition St

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As part of the Global Education Coalition, PowerSchool will also support the Digital Transformation Collaborative PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced it has joined UNESCO's Global Education Coalition. The Coalition, established in March 2020 in response to the global COVID-19 pandemic and the amplified inequities in education it revealed, brings together 200 members to provide expertise, strategic direction, resources, and leadership to keep learning going and leave no student behind. "We're proud to join UNESCO's Global Education Coalition and support their mission to protect the right to education a

PowerSchool welcomes new International General Manager and new Global PowerPartners, expanding the availability of mission-critical cloud-based education technology for educators in South America, Europe, Africa, and Asia PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced the appointment of Stewart Monk as Senior Vice President and General Manager, International at PowerSchool, as well as the continued expansion of PowerSchool's Global PowerPartner Program. Mr. Monk will lead international strategy for all PowerSchool products. Mr. Monk's leadership, coupled with new global channel partners, will support the expansion

Rana joins Cyara to accelerate global growth and drive market expansion Cyara, the leading AI-led Customer Experience (CX) Transformation Platform provider, today announced the appointment of Rishi Rana as President. Rana will lead Cyara's go-to-market (GTM) and product strategies, further accelerating the company's market position and driving long-term success. Rana will be responsible for Cyara's product strategy as well as all customer-facing operations which include global sales, marketing, customer support, customer success, and professional services, and will be advancing the company's global revenue growth. Rana brings over 25 years of experience in scaling businesses towards s

Paul Brook brings over 25 years of world-class customer success expertise to the cloud-based education technology leader as the company aims to expand U.S. and International Market Share PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced that Paul Brook joins the company as Chief Customer Officer (CCO) beginning February 1, 2023. Brook brings over two-decades experience developing and managing world-class customer success, services, support, and renewal organizations for SaaS and on-premises software companies. As CCO, Brook will lead PowerSchool's Professional Services and Customer Support teams, further aligning the

Executives bring large-scale enterprise experience to the cloud-based education technology leader as the company aims to expand U.S. and International Market share PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced the promotion of Eric Shander, Chief Financial Officer (CFO), to the position of President and CFO, effective immediately. In addition to his CFO responsibilities, his role will expand to include PowerSchool's global customer renewals and success functions. Shander's successful leadership of the finance, accounting, human resources, investor relations, and information technology functions for PowerSchool ove

Maulik Datanwala joins Advantive from PowerSchool to lead customer delivery teams in driving sustainable value for customers TAMPA, Fla., Oct. 20, 2022 /PRNewswire-PRWeb/ -- Advantive, a mission-critical software provider for specialty manufacturing and distribution businesses, today named Maulik Datanwala as Chief Operating Officer (COO). In this role, Maulik will lead the company's product development, and customer services, success and support initiatives for more than 2,500 specialty manufacturers and wholesale distributors. Maulik brings Advantive over two decades of experience working with enterprise software and technology companies, including running multiple operations at scale. Mos

Fred Studer brings 30 years of brand marketing experience to the cloud-based education technology leader as the company aims to expand U.S. and International Market share PowerSchool, the leading provider of cloud-based software for K-12 education in North America, today announced the appointment of Fred Studer as Chief Marketing Officer (CMO), effective immediately. Mr. Studer brings over 30 years of experience as a marketing leader crafting strategic company narratives to help modernize and redefine market perception, increase awareness, and drive conversions. Mr. Studer will lead PowerSchool's Marketing team in developing and executing the strategic direction of the PowerSchool brand, c

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Second quarter total revenue increased 10% year-over-year to $191.6 million, meeting outlook Second quarter GAAP net loss was $25.7 million, representing 13% of total revenue, and Adjusted EBITDA* increased 9% year-over-year to $66.6 million, meeting outlook and representing 35% of total revenue PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its second quarter ended June 30, 2024. "I'm pleased with our second quarter performance, which highlights our market leadership in K-12 software and the continued demand for our comprehensive platfor

First quarter total revenue increased 16% year-over-year to $185.0 million, meeting outlook First quarter GAAP net loss was $22.8 million, representing 12% of total revenue, and Adjusted EBITDA* increased 24% year-over-year to $61.3 million, exceeding outlook and representing 33% of total revenue ARR* increased 18% over the prior year to $720.3 million as of March 31, 2024 NRR* of 107.0% improves sequentially 30 basis points from the fourth quarter of 2023 PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its first quarter ended March 31

PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced it will release its financial results for the first quarter ended March 31, 2024, on Tuesday, May 7, 2024, following the close of the U.S. markets. PowerSchool CEO Hardeep Gulati and President and CFO Eric Shander will host a conference call and live webcast to discuss the financial results. Conference Call Details The conference call will begin at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on May 7, 2024. Those wishing to participate via webcast should access the call through PowerSchool's Investor Relations we

Message Broadcast (the "Company"), a leading provider of customer engagement software for the electric utility industry, today announced that OceanSound Partners ("OceanSound"), in partnership with Energy Impact Partners ("EIP"), has acquired the Company from LINK Mobility (OB:LINK). The acquisition enables the newly independent Message Broadcast to bolster product innovation, increase investment in sales and support resources, and deliver enhanced value to its customers. Maulik Datanwala has joined the Company as its Chief Executive Officer to lead these efforts. Founded in 1998, Message Broadcast develops customer engagement software for utilities and other highly regulated industry sec

Fourth quarter total revenue increased 13% year-over-year to $182.1 million, meeting outlook Full year total revenue increased 11% year-over-year to $697.7 million, meeting outlook Fourth quarter GAAP net loss was $18.7 million and Adjusted EBITDA increased 12% year-over-year to $59.4 million, exceeding outlook and representing 33% of total revenue Full year GAAP net loss was $39.1 million and Adjusted EBITDA increased 18% to $231.9 million, exceeding outlook and representing 33% of total revenue ARR* increased 18% over the prior year to $701.5 million as of December 31, 2023 PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of clo

PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced it will release its financial results for the fourth quarter and full year ended December 31, 2023, on Monday, February 26, 2024, following the close of the U.S. markets. PowerSchool CEO Hardeep Gulati and President and CFO Eric Shander will host a conference call and live webcast to discuss the financial results. Conference Call Details The conference call will begin at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on February 26, 2024. Those wishing to participate via webcast should access the call through PowerS

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

PowerSchool delivers third quarter total revenue growth of 12% to $182.2 million, exceeding the high end of the third quarter guidance range, and increases full-year 2023 outlook for total revenue GAAP net loss per diluted share improves 100% over the prior year to $0.00, and Non-GAAP Net Income per diluted share improves 14% to $0.24 Adjusted EBITDA* grows 19% to $62.0 million, exceeding the high end of the third quarter guidance range, and increases full-year 2023 outlook for Adjusted EBITDA ARR* increases 9% over the prior year to reach $640.4 million as of September 30, 2023 PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of clo

PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or the "Company"), the leading provider of cloud-based software for K-12 education in North America, today announced it will release its financial results for the third quarter ended September 30, 2023, on Tuesday, November 7, 2023, following the close of the U.S. markets. PowerSchool CEO Hardeep Gulati and President and CFO Eric Shander will host a conference call and live webcast to discuss the financial results. Conference Call Details The conference call will begin at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on November 7, 2023. Those wishing to participate via webcast should access the call through PowerSchool's Investo

The addition of SchoolMessenger to PowerSchool provides families and schools with the most comprehensive and consolidated platform to support better student outcomes PowerSchool (NYSE:PWSC), the leading provider of cloud-based software for K-12 education in North America, announced today that it has completed the acquisition of SchoolMessenger, a leading provider of K-12 communication solutions in North America. PowerSchool's acquisition of SchoolMessenger represents PowerSchool's commitment to empower educators, administrators, and families to ensure personalized education for every student journey. The acquisition supports the expansion of My PowerSchool, designed to be the most compreh

Enhances Educational Experience And Streamlines Data Analysis For Students, Educators, And Administrators

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. JP Morgan analyst Bill Peterson downgraded the rating for Cleveland-Cliffs Inc. (NYSE:CLF) from Overweight to Neutral, while lowering the price target from $23 to $17. Cleveland-Cliffs shares fell 1% to close at $15.65 on Monday. See how other analysts view this stock. Raymond James analyst Brian Peterson downgraded PowerSchool Holdings, Inc. (NYSE:PWSC) from Outperform to Market Perform. PowerSchool shares fell 0.5% to settle at $22.34 on Monday. See how other analysts view this stock

Raymond James analyst Brian Peterson downgrades PowerSchool Holdings (NYSE:PWSC) from Outperform to Market Perform.

Bain Capital’s plan to acquire PowerSchool Holdings (NYSE:PWSC) for $5.6 billion is under investigation for conflicts of interest and concerns over an inadequate deal price. What Happened: Shareholder rights law firm Julie & Holleman on Monday announced that it is probing the proposed transaction because private equity firms Vista Equity Partners and Onex, PowerSchool’s two largest shareholders, are posing conflicts of interest by “rolling over” shares into the post-close company while public shareholders are being cashed out. The deal is expected to close in the second half of this year. See Also: Global Giants KKR, Bain Capital Target Asia’s Rising Data Center Space Amid AI, Cloud

Macquarie analyst Frederick Havemeyer downgrades PowerSchool Holdings (NYSE:PWSC) from Outperform to Neutral and announces $22.8 price target.

Jefferies analyst Brent Thill downgrades PowerSchool Holdings (NYSE:PWSC) from Buy to Hold and lowers the price target from $30 to $22.8.

9 analysts have shared their evaluations of PowerSchool Holdings (NYSE:PWSC) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 3 0 0 Last 30D 0 0 2 0 0 1M Ago 2 3 1 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.31, a high estimate of $29.00,

William Blair analyst Stephen Sheldon downgrades PowerSchool Holdings (NYSE:PWSC) from Outperform to Market Perform.

Cantor Fitzgerald analyst Brett Knoblauch downgrades PowerSchool Holdings (NYSE:PWSC) from Overweight to Neutral and lowers the price target from $25 to $22.8.

Baird analyst Joe Vruwink downgrades PowerSchool Holdings (NYSE:PWSC) from Outperform to Neutral and lowers the price target from $26 to $23.