Dive Brief:
- Pearson is exploring options regarding the sale of its student information system, PowerSchool.
- On Friday, the education powerhouse announced its 2014 earnings, as well as the fact that it selected investment banking firm Evercore to help sell PowerSchool.
- According to the earnings report, PowerSchool brought in $97 million in revenues and had an operating income of $20 million. It is currently used by 13 million students in 70 countries.
Dive Insight:
Earlier in February, EdSurge reported that Blackboard was in the running to purchase PowerSchool. Best known for its learning management system, Blackboard has been on something of an acquisition spree as it looks to expand its footprint in K-12, and an SIS was said to be the perfect addition since the company reportedly lacks any formal services for tracking and documenting student data. Obviously, this news may drive up the price of the SIS and doesn't guarantee that Blackboard will walk away with PowerSchool.
