Welcome to our dedicated page for PowerSchool Holdings news (Ticker: PWSC), a resource for investors and traders seeking the latest updates and insights on PowerSchool Holdings stock.
PowerSchool Holdings, Inc. (PWSC) is a leading provider of cloud-based software dedicated to the K-12 education sector. Serving over 40 million users across the US, Canada, and more than 70 countries, PowerSchool is the most widely-used student information system (SIS). The platform is pivotal in K-12 education, acting as a central hub for educational ecosystems by offering robust features and APIs that enable teachers, parents, students, and administrators to effectively manage school processes and student data.
PowerSchool’s comprehensive suite of tools includes state reporting, compliance management, special education, finance, human resources, talent management, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics. This unified platform streamlines operations, aggregates diverse data sets, and leverages predictive modeling and machine learning to generate valuable insights.
Available on most mobile devices, PowerSchool offers intuitive teacher tools and powerful reporting capabilities, ensuring that educational stakeholders can connect and manage various technologies used in classrooms, schools, and districts seamlessly.
The company’s revenue model is diverse, including subscription services, perpetual software licenses, maintenance and support services, and professional services. Recent achievements and ongoing projects continuously enhance the platform's functionality, ensuring it meets the evolving needs of the K-12 educational landscape.
Stay updated with the latest developments and performance metrics of PowerSchool Holdings, Inc. through regular news updates and reports.
PowerSchool announced that Billings Catholic Schools (BCS) in Montana has successfully implemented MyPowerHub, a centralized engagement platform that enhances school-community communication. The platform integrates with other PowerSchool products, including SIS, Schoology Learning, and SchoolMessenger, providing a unified solution for accessing grades, assignments, and school updates.
Within six months of implementation, over 50% of families with students in grades 5-8 and more than 75% of high school families actively engaged with the platform. BCS, serving nearly 1,000 students with over 100 staff members, reported positive feedback from the community, noting improved engagement and satisfaction with the consolidated approach to information access.
PowerSchool, a leading provider of cloud-based software for K-12 education, has been acquired by Bain Capital for $22.80 per share in cash, representing a total enterprise value of approximately $5.6 billion. The transaction marks PowerSchool's transition to a private company, with its common stock no longer publicly listed on the New York Stock Exchange.
PowerSchool's software solutions support over 60 million students and over 18,000 customers in more than 90 countries. The company aims to enhance every step of a student's learning journey by combining educational and operational technology. With Bain Capital's support, PowerSchool plans to continue driving innovation, particularly with its generative AI platform, PowerBuddy, and expand its global reach.
As part of the transaction, Vista Equity Partners and Onex Partners have retained minority investments in PowerSchool. The acquisition is expected to further PowerSchool's mission of delivering differentiated education software to improve student outcomes, empower educators, and help districts operate more efficiently.
PowerSchool announced that Tomball Independent School District (Tomball ISD) in Texas has partnered with them to pilot PowerBuddy, their AI-powered assistant. This makes Tomball ISD the first district in Texas to implement PowerBuddy. The pilot includes PowerBuddy for Learning and PowerBuddy for Custom AI, designed to personalize learning and empower teachers through responsible AI tools.
PowerBuddy for Learning operates within PowerSchool Schoology Learning, assisting teachers in creating high-quality assignments and providing students with personalized support. PowerBuddy for Custom AI allows users to access district-specific information through natural language prompts. Tomball ISD, recognized as the No. 1 district in Harris County for five consecutive years, also uses several other PowerSchool products to enhance their educational operations.
PowerSchool (NYSE: PWSC) has launched two new AI solutions: PowerBuddy for College and Career and PowerBuddy for Custom AI. These tools aim to transform education by enhancing college and career planning for students and improving district information access for stakeholders.
PowerBuddy for College and Career provides personalized guidance to students based on their individual data, helping them explore postsecondary options and make informed decisions. It aims to empower students, streamline the discovery process, and maximize counselor impact.
PowerBuddy for Custom AI serves as a real-time AI assistant for districts, answering specific questions about district policies, schedules, programs, and more. It integrates easily into district websites and platforms, offering secure content management and inclusive accessibility features.
These AI assistants are designed using PowerSchool's Responsible AI principles and are available for the 2024-2025 school year, addressing critical education priorities and fostering stronger engagement between schools and their communities.
PowerSchool (NYSE: PWSC) has announced six new partnerships with leading school organizations in Latin America, expanding its AI-powered educational solutions in the region. The company is introducing its AI assistant, PowerBuddy, and unified communications platform, MyPowerHub, to schools in Belize, Honduras, St. Maarten, Mexico, Panama, and Venezuela.
These partnerships aim to modernize teaching approaches through data and AI solutions, helping to save time for teachers and administrators, personalize education, improve school-to-home communications, and enhance student outcomes. Notable implementations include:
- The International School of Tegucigalpa in Honduras adopting PowerBuddy
- St. Maarten Division of Public Education implementing multiple PowerSchool solutions
- Northridge School Mexico and El Colegio de Panama upgrading their systems with PowerSchool's digital ecosystem
- Escuela Campo Alegre in Venezuela integrating PowerSchool SIS
PowerSchool (NYSE: PWSC), a leading cloud-based education software provider, announced continued expansion in the Middle East and Africa (MEA) region. The company has secured new partnerships with schools in the UAE, Egypt, and Lebanon, implementing AI-guided solutions to enhance communication and streamline administrative processes. This expansion reflects a global trend of modernizing education systems with personalized learning approaches.
Notable adoptions include GEMS Al Khaleej International School in Dubai implementing PowerSchool's Student Information System (SIS), and Maplewood Canadian International School in Abu Dhabi becoming the first in the UAE to adopt PowerBuddy, an AI-powered assistant. In Lebanon, Al Bayan School is integrating PowerSchool SIS, while Salahaldin International School in Egypt is implementing multiple PowerSchool solutions to digitally transform its ecosystem.
PowerSchool established its Dubai headquarters in 2023 and recently launched an Arabic version of its platform. The company now serves over 60 million students in more than 90 countries globally.
PowerSchool (NYSE: PWSC) reported strong Q2 2024 financial results, with total revenue increasing 10% year-over-year to $191.6 million. Key highlights include:
- Subscriptions and support revenue up 16% to $170.1 million
- GAAP gross profit at $111.8 million (58% of total revenue)
- Adjusted EBITDA increased 9% to $66.6 million (35% of total revenue)
- GAAP net loss of $25.7 million (13% of total revenue)
The company launched new products, including MyPowerHub and two AI-powered PowerBuddy solutions. PowerSchool also announced a partnership with Bain Capital, expecting to close the transaction in the second half of 2024.
PowerSchool (NYSE: PWSC) has released its 2024 Education Focus Report, offering insights into the challenges and innovations shaping U.S. education for the 2024-2025 school year. Based on a survey of 1,620 educators and focus groups with district leaders, teachers, parents, and students, the report highlights key findings:
1. Personalized learning is in high demand, but widespread adoption faces challenges.
2. AI in education is gaining traction, with 70% of district leaders recognizing its potential.
3. Data utilization and effective leadership are important for driving change.
4. The education workforce is evolving, with new teachers seeking better work-life balance.
5. Strengthening school-home connections is vital for student success.
The report also explores budget priorities and strategies for sustaining the teaching profession.
PowerSchool (NYSE: PWSC) has launched MyPowerHub, a revolutionary communications platform for the 2024-2025 school year. This innovative solution provides parents with a 'single pane of glass' for all student information, consolidating essential tools into a unified, multilingual interface. MyPowerHub simplifies the user experience and offers cost-saving opportunities for school districts by eliminating the need for multiple software programs.
Key features include:
- All-in-one interface for grades, attendance, assignments, and more
- Support for over 120 languages
- Integration with PowerSchool solutions
- Mobile accessibility with voice navigation
- AI assistant, PowerBuddy, for personalized support
The platform aims to enhance parental engagement and foster collaboration between home and school, setting a new standard in educational transparency and support.
PowerSchool (NYSE: PWSC) has unveiled its new AI solutions, PowerBuddy™ for Learning and PowerBuddy™ for Data Analysis, aimed at enhancing student engagement and democratizing data access in K-12 education. These tools will be available for the 2024-2025 school year and have been piloted by districts with over 1.5 million students. PowerBuddy for Learning, integrated within the Schoology Learning Management System, offers personalized, context-aware assistance to students, fostering independent learning and critical thinking. PowerBuddy for Data Analysis simplifies data exploration and decision-making for educators and administrators, reducing response times for data requests and improving intervention strategies for issues such as chronic absenteeism.
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