PowerSchool Acquires Allovue

PowerSchool (NYSE: PWSC) has acquired Allovue, a K-12 financial planning, budgeting, and analytics software provider, to expand PowerSchool’s financial management and data & analytics capabilities for K-12 customers. The acquisition integrates Allovue’s budgeting and analytics tools into PowerSchool’s product suite to provide schools and districts improved budget transparency and planning (reports indicate an approximate purchase price of $38.2 million).