PowerSchool announces definitive agreement to acquire Schoology
Below is the text sent via email today from PowerSchool CEO, Hardeep Gulati:
I'm excited to announce that on October 24, 2019, PowerSchool signed a definitive agreement to acquire Schoology, a leading K-12 learning management system (LMS). PowerSchool currently supports 45 million students with its full suite of K-12 technology solutions, including industry-leading student information systems, assessment and analytics, special education, finance, HR, and talent management tools. Schoology supports more than 20 million users through its learning management and embedded formative assessment platform. Adding Schoology's best-in-class LMS to PowerSchool's award-winning Unified Classroom™ will create an industry-first classroom solution to empower teachers with personalized learning functionality to improve education outcomes for every student.
This announcement is a continuation of PowerSchool's commitment and core mission to make sure every student has the best opportunities in life and that every teacher is empowered to help them do that. This acquisition is a meaningful step closer to delivering on this vision by bringing together best-in-class SIS, gradebook, learning management, district-wide assessment (Performance Matters), special programs, professional development, and analytics into one market-leading, unified experience. Our regional SIS solutions like eSchoolPlus also will get the benefit of additional deeper integration with Schoology's LMS. We also continue to be committed to open standards-based integrations for all our solutions, including integrations with non-PowerSchool SISs.
We expect the acquisition to close within the next 45 days. Until the acquisition closes, both companies will continue to operate separately. We will continue to communicate with you as we progress toward the completion of the acquisition. If you have any questions, please refer to the FAQ at www.powerschool.com/schoology-faq/, view the press release at www.powerschool.com/news/powerschool-and-schoology/, or contact us through the regular channels.
I couldn't be more excited about bringing Schoology into the PowerSchool family, not only because it is the market's leading LMS, but also because we have a lot of shared customers leveraging our combined solution today. By providing you with a complete set of best-in-class tools to improve student outcomes, together we can make sure every student has the best opportunities to succeed.