SchoolStatus Announces Strategic Investment from PSG
Investment to support product innovation and go-to-market acceleration
Ridgeland, MS – July 13, 2021 – SchoolStatus, a leading provider of SaaS education technology powering K-12 communications and student data analytics, announced that PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies, has made a strategic investment in the company with the aim to accelerate growth and product innovation.
Founded in 2012, SchoolStatus provides teachers and administrators with easy access to student data and communication tools aimed to increase parent and student engagement. The platform aggregates data from various systems including assessments, benchmarks, student information and learning management systems, among others, and enables users to visualize and act on the data. Educators can discover trends in selected student subgroups or at the granular individual level and in the same system conduct two-way communications between school and home, all in a safe, secure and documented environment.
“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 & 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.
SchoolStatus is the district-wide communication tool that integrates key student data in order to increase communication among educators, district administrators and student families. The company’s solution aggregates individual student data, such as state assessments, attendance and grades in an easy-to-visualize format and offers the option to communicate with student families via call, text, or email. Through SchoolStatus, over one hundred million communications have occurred on the classroom, campus and district level. For more information about SchoolStatus, please visit www.schoolstatus.com.
PSG is a growth equity firm that partners with middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 65 companies and facilitated over 300 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London. To learn more about PSG, visit www.psgequity.com.
Prosek Partners (on behalf of PSG)