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Schoolstatus Acquires Teachboost, Enhancing Communications And Support Solutions For K12 Educators

Mar 01, 2022•over 3 years ago

Acquiring Company

SchoolStatus

Acquired Company

TeachBoost

RidgelandSoftwareEducation

Description

SchoolStatus, a leading provider of K-12 school communications solutions designed to improve student outcomes through data and parent engagement, announced today the acquisition of TeachBoost, a privately-held, education software company that builds tools to support educator observations, evaluations, and coaching.

Company Information

Company

SchoolStatus

Location

Ridgeland, Mississippi, United States

About

SchoolStatus is a unified K-12 platform that leverages family engagement to drive greater impact in thousands of districts across the U.S. SchoolStatus solutions are customized to align with districts' strategic goals and outcomes across school-home communication, attendance, and educator development. Serving over 22 million students across all 50 states, SchoolStatus provides data-backed insights that break down barriers and build relationships between school and home—so that every student is known by name and by need. Because when schools and families come together, there's no limit to what students can achieve.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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