Vista to Buy Pearson's PowerSchool Business for $350M
June 18, 2015
Vista Equity Partners has agreed to acquire the PowerSchool business of Pearson (NYSE: PSO) for a gross consideration of $350 million, payable in cash. The deal is expected to close in 3Q. PowerSchool is a provider of K-12 student information systems (SIS), supporting 15 million students in 73 countries in 2014. Its flagship product is a widely used web-based SIS in North America. Last year, the business contributed $97 million of revenues and $20 million of operating income to Pearson.