From the PowerSchool press release Dec 7th, 2016;
I am excited to announce that PowerSchool has entered into a definitive agreement to acquire SunGard K-12, a leading provider of cloud-enabled ERP and back- office solutions designed to power school operations and improve efficiency.
SunGard’s ERP platform provides comprehensive finance, human resources, payroll, and compliance capabilities that are developed and fully adaptable to meet the needs of K-12 schools and districts. This acquisition will provide significant value to our education community by bringing together K-12 focused cloud ERP with PowerSchool’s best-in-class Unified Classroom and Student Information System.
Thank you for your continued support. In the meantime, for more information, please visit www.powerschool.com/sungardk12
"We believe adding PowerSchool's Unified Classroom to current Chalkable solutions will help their teachers more effectively instruct, assess, evaluate, and improve learning outcomes for their students"PowerSchool CEO Hardeep Gulati
This is the sixth major software company to be acquired by PowerSchool in the last year. In August, PowerSchool purchased SRB Education Solutions, which provides business management software to school districts in Canada and the U.S. In June, PowerSchool acquired the LMS company Haiku Learning. Its technology allows PowerSchool to offer online content, such as other companies' websites, in a controlled environment. In April, it bought Tienet from Maximus, used to manage special education programs.