PowerSchool Inks Definitive Deal To Acquire SchoolMessenger From Parent Company, West Technology Group, For $300M Cash
Portfolio Pulse from Benzinga Newsdesk
PowerSchool has signed a definitive agreement to acquire SchoolMessenger from its parent company, West Technology Group, for $300 million in cash. SchoolMessenger is a provider of K-12 communication tools in North America.
July 11, 2023 | 12:03 pm
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PowerSchool's acquisition of SchoolMessenger could potentially expand its product offerings and market reach in the K-12 education sector.
The acquisition of SchoolMessenger, a provider of K-12 communication tools, could potentially expand PowerSchool's product offerings and market reach in the K-12 education sector. This could lead to increased revenues and profitability in the future, which could positively impact the company's stock price in the short term.
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