A Faegre Drinker team led by corporate partner Matt Stamski and associate Vanessa Tabler advised Kinvolved, a leading provider of K-12 communications, attendance and engagement software, in its sale to PowerSchool, a provider of cloud-based education tools. The transaction closed on February 1. Terms of the transaction were not disclosed.
Headquartered in New York, Kinvolved is the leader in solving the student disengagement crisis, by building foundational relationships between school and home that get students to show up to class. Supporting nearly 700,000 stakeholders from small rural to large, urban communities across 16 states, Kinvolved’s products help school systems reduce absenteeism by an estimated eight percent across all grade levels. The addition of Kinvolved’s leading communication engine to PowerSchool’s Unified Home solution will enable schools and districts to strengthen and simplify overall communications and notifications between school and home to increase engagement and help reduce absenteeism.
The deal team included corporate partner Charles Bybee and associates Gwenn Barney, Charlotte Damico, Tyler Graham, Michael Grigsby; benefits and executive compensation associate Mark Rosenfeld; labor and employment associate Kerry Zaroogian; government & regulatory affairs partners Jessica Abrahams and Jonathan Tarnow and associate Michelle Francois; and intellectual property partner Robert Leonard.
Read PowerSchool’s press release for more information on the deal.