PowerSchool Acquires Neverskip to Enhance EdTech Solutions for Indian Schools
- ByStartupStory | September 6, 2023
PowerSchool, a global leader in cloud-based K-12 education software, has announced its acquisition of Chennai-based enterprise resource planning (ERP) software company Neverskip as part of its growth strategy for the Indian market. This strategic move combines Neverskip’s ERP expertise with PowerSchool’s solutions to create a unified technology platform for Indian schools, enhancing operations, student and staff success, and family engagement. With this acquisition, PowerSchool expanded its reach to over 900 schools and 1.2 million students in India, setting the stage for further growth in the Indian education sector.
PowerSchool, a prominent player in the global edtech ecosystem, serves over 50 million students in more than 90 countries and reported $630 million in revenue in 2022. This acquisition will allow PowerSchool to offer an integrated platform that includes ERP, data analytics, student support tools, teacher effectiveness offerings, and its Learning Management System (LMS) called Schoology Learning. This comprehensive approach aims to simplify administrative and academic functions for schools in India, including admissions, fee management, student records, homework, examinations, parent communication, and more. Some of India’s well-known schools, including the D.A.V Group of Schools, Ekya, Maxford, Future Kids, Manipal School, and SBOA Group of Schools, will benefit from this collaboration.
Sharing his views, Hardeep Gulati, Chief Executive Officer of PowerSchool, said, “We are excited about the opportunity to make an immediate impact in the Indian education system and improve outcomes for the nearly 250 million school-aged students. PowerSchool has extensive experience helping many international and private schools in India elevate teacher effectiveness and student outcomes. Since its establishment in 2017, our Bengaluru office and its 1,300+ local employees have committed to bringing our global technology solutions to Indian educators and learners. Our acquisition of Neverskip is an instrumental step in our journey to provide personalized education to all and we are excited to welcome their employees and customers to PowerSchool.”
With this acquisition, PowerSchool aims to provide centralized access to administrative and learning functions, aligning with India’s New Education Policy (2020) and the growing digitization of schools in the country.
“We understand the unique needs of school leaders, families, and students in India. India has a dynamic and ever-evolving education ecosystem comprised of one of the largest student populations globally. Additionally, the integration of technology in learning has witnessed accelerated growth during and after the recent pandemic. In fact, industry research indicates the increase in school digitization which is expected to exceed $500 million in the next five years, but also recognizes the scalability of the Indian ERP market to reach US$1.04 billion by 2028. All of this is expected to increase the need and demand for tech-powered learning solutions. As a leader in education innovation, PowerSchool will continue to provide cloud-based technologies to enable schools in their digitization journey aligned with India’s New Education Policy (2020),” Apoorav Nischal, Managing Director and Country Head, of PowerSchool India.
“As demonstrated by their globally renowned products, especially Schoology Learning, PowerSchool has truly redefined personalized education. We are excited about this new chapter in our journey. This step enables us to expand our solution suite and value to customers and dramatically expand our scale and reach.” added Shankar Jambulingam, Founder & Chief Executive Officer at Neverskip
PowerSchool, listed on the NYSE under PWSC, is known for its unified education technology that connects students, teachers, administrators, and parents to improve student outcomes. The platform offers solutions for various aspects of school management and serves over 15,000 customers worldwide.
Neverskip offers a comprehensive ERP solution for schools, streamlining functions such as admissions, fee management, online exams, report cards, and administrative tasks. The company collaborates with schools across different Indian education boards and has a strong presence in over 20 states in India.
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