CA-based PowerSchool Acquired Allovue. 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.
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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.
Hardeep Gulati, CEO of PowerSchool said, “The acquisition of Allovue underscores our commitment to empowering education leaders as they navigate the complex landscape of education finance, 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.”
Jess Gartner, CEO and Founder of Allovue and incoming PowerSchool Group Vice President of Allovue and ERP said, “PowerSchool and Allovue share a mutual goal of supporting education leaders with solutions to equitably and effectively administer resources,”“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.”
Allovue customers and partners will be supported by PowerSchool going forward and will benefit from continued enhancements to their existing platform as well as new opportunities to leverage PowerSchool’s award-winning products.
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Jennifer Wagner, Treasurer and Chief Financial Officer of Cincinnati Public Schools said, “Cincinnati Public Schools has successfully utilized PowerSchool ERP and Allovue applications to effectively manage our budgeting processes, seamlessly aligning with our strategic initiatives and equity goals, Allovue and PowerSchool have been instrumental, providing excellent transparency and facilitating our budgeting process, offering performance and flexibility for our daily financial tasks, as well as supporting key reporting and analytic activities. We eagerly anticipate the ongoing enhancement of both product lines individually, as well as the anticipated synergies of both platforms under a single company.”
About Allovue
Allovue was founded in 2013 by a team of educators, technologists, education finance experts, and data specialists who understand the impact that budgeting decisions have on student success. Together, they worked to build innovative education finance solutions to maximize student outcomes.
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About PowerSchool
PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to empower educators, administrators, and families to ensure personalized education for every student journey.
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