Folsom, CA -- October 24, 2019. PowerSchool, a leading provider of K-12 education technology solutions, announced today that it has signed a definitive agreement to acquire Schoology, a leading K-12 learning management system. 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. Combined, this will allow all customers to access a world-class unified classroom solution that will integrate with any student information system (SIS) they currently use.
Schoology customers and partners will benefit from additional investment in their learning management system, including continued open integrations with Google, Microsoft, third-party applications, and all SIS platforms as well as access to more robust benchmark and summative assessment (Performance Matters), special education, and gradebook tools. Current PowerSchool customers will benefit from Schoology's best-in-class learning management system as part of its Unified Classroom solution providing a unified experience with its SIS, assessment, special education, and professional development offerings.
PowerSchool's acquisition of Schoology is a continuation of its commitment and core mission to providing all educators, students, and parents with integrated software solutions that save time, create efficiencies and eliminate silos across all aspects of K-12 education. PowerSchool's Unified Classroom solution and Performance Matters assessment and analytics have previously been recognized with several awards. By adding Schoology's rich learning management system, with its personalized learning functionality, the new combination will further reduce the amount of time educators spend on administrative tasks and provide them with better tools to tailor instruction for each child.
"Our mission is to make sure every student has the best opportunities in life and that every teacher is empowered to help them do that," said Hardeep Gulati, CEO of PowerSchool. "Teachers have shared that they need more time and tools to provide individual learning paths for every student, and according to recent reports, nearly 40 states have mentioned personalized learning as part of their "Every Student Succeeds Act (ESSA)" school improvement plans. Adding Schoology's learning management system allows us to support all educators by providing unmatched personalized learning capabilities that connects all the information about the student, including learning, assessment, and special education needs into our Unified Classroom solution."
"We have worked with PowerSchool for many years, with many joint customers, and we could not have found a better home for our team and technology," said Schoology CEO and Co-Founder, Jeremy Friedman. "With the scale and investment we will get being part of PowerSchool, we can further advance what is possible in education, and take Schoology to a whole new level."
PowerSchool and Schoology will continue to operate separately until an official close has been announced.
At PowerSchool, we believe in the simple truth that every student deserves the best opportunities in life. That's why our mission is to power the education ecosystem with unified technology that helps educators and students realize their potential, in their way. From the front office to the classroom to the home, PowerSchool helps schools and districts efficiently manage instruction, learning, grading, attendance, assessment, analytics, state reporting, special education, student registration, talent, finance, and HR. Today, we're proud to be the leading provider of K-12 education application technology supporting over 45 million students in over 80 countries. Visit www.powerschool.com to learn more.
Schoology seamlessly connects learning management with assessments so that school districts can improve student performance, foster collaboration throughout their community, and personalize learning for every student. Every day millions of students, parents, faculty, and administrators from nearly 2,000 K-12 school districts leverage Schoology to advance what is possible in education. For more information, visit www.schoology.com.