PowerSchool Acquires Allovue, a Leading K-12 Financial Budgeting and Planning Software Provider, Expanding PowerSchool’s Industry Leading Data & Analytics Capabilities to Support Greater K-12 Organizational Effectiveness

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 comprehensive suite of K-12 data and analytics tools available to accurately plan budgets and provide clear visibility for their communities into district spending and the impact on student outcomes.

By adding Allovue’s finance management tools to PowerSchool’s product suite, schools and districts will benefit from intuitive and flexible budgeting tools to allocate and manage budgets and resources, including real-time access to all budgeting information, budget collaboration, equitable funding formulas, and analytics and dashboards to track and manage spending.

"The acquisition of Allovue underscores our commitment to empowering education leaders as they navigate the complex landscape of education finance,” said Hardeep Gulati, CEO of PowerSchool. “As federal stimulus funding winds down, budget management, impact analytics, and budget transparency become even more critical in K-12. Combining Allovue with PowerSchool’s existing suite of products provides improved capabilities for managing district finances with tools that are intuitive, flexible, easy to use, and integrate with existing systems.”

Current and future PowerSchool customers will benefit from comprehensive, system agnostic analytics, and unprecedented cross-domain insights, resulting in greater awareness of the impact of funding decisions on measurable student outcomes.

“PowerSchool and Allovue share a mutual goal of supporting education leaders with solutions to equitably and effectively administer resources,” said Jess Gartner, CEO and Founder of Allovue and incoming PowerSchool Group Vice President of Allovue and ERP. “We are thrilled that Allovue’s customers will be supported by PowerSchool so that schools, districts, and states can continue using Allovue’s solutions while also leveraging additional capabilities like PowerSchool’s market-leading Student Information System, Connected Intelligence, and AI offerings.”