Folsom-Based PowerSchool Acquires Public-Sector Software Company for $850 Million
Folsom-based PowerSchool announced it has acquired SunGard K-12 business from FIS, a financial services technology provider.
The acquisition was made by Vista Equity Partners for $850 million. Vista has been expanding PowerSchool’s software suite since it originally purchased the company in 2015 for $350 million. In its deal with FIS, Vista will now be able to combine SunGard K-12’s enterprise resource system with PowerSchool’s Unified Classroom platform.