PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies, has made a strategic investment in SchoolStatus, a provider of SaaS education technology powering K-12 communications and student data analytics.
“We are excited for the opportunity to partner with PSG and build upon our success as a leader in K-12 student data and communications systems,” said Russ Davis, CEO and founder of SchoolStatus. “We believe that we have found a trusted partner in PSG, which will allow us to continue to accelerate our growth trajectory, bring SchoolStatus’ solution to new markets, accelerate investment in our product capabilities and better support the parents, teachers and administrators using our platform. With SchoolStatus connecting all constituents of the school system, we believe that we are well positioned to help educators make data driven decisions, improve communications with parents and students and ultimately drive better educational outcomes. As schools continue to address learning loss and equity issues, we believe there is simply no better solution to get parents and teachers talking and on the same page.”
“In our view, SchoolStatus is helping to shape the future of K-12, integrating diverse school software systems and student data into a single, accessible hub that increases administrator, teacher, parent and student engagement,” said Rick Essex, managing director at PSG. “We believe SchoolStatus has built a unique platform that marries data and analytics with engagement technology that allows direct, two-way communication with parents and students. The software gives educators the data to identify issues and the tools to then engage with parents to address those issues. The value proposition to districts and schools is, in our view, enormous in its efficiency and its effectiveness. We are thrilled to have the opportunity to partner with Russ and the rest of the SchoolStatus team in their next phase of growth.”
Weil, Gotshal & Manges LLP served as legal advisor to PSG. Morris, Manning & Martin LLP served as legal advisor and Vicksburg Capital Partners, a New York-based boutique investment bank, acted as the exclusive financial advisor to SchoolStatus.