Businesswire | August 08, 2023
PowerSchool the leading provider of cloud-based software for K-12 education in North America, today announced it is joining the K-12 Education Technology Secure by Design Pledge, a voluntary pledge for K-12 education technology software manufacturers, developed by the Cybersecurity and Infrastructure Security Agency (CISA) and the U.S. Department of Education. PowerSchool also announced new commitments to further secure the education technology ecosystem by offering free and subsidized security-as-a-service resources to all U.S. schools and districts.
“Our primary mission is to personalize education for every student and that journey starts with our responsibility to protect and safeguard the over 45 million students we serve today in the U.S.,” said Hardeep Gulati, CEO of PowerSchool. “That is why we have made significant investments in cybersecurity and successfully defend our districts against over 1 billion cyber-attacks each year. We are honored to sign this pledge and even provide additional free and subsidized security-as-a-service trainings, tools, and resources to support and enable all U.S. school districts to fight against cybersecurity threats.”
As part of First Lady Jill Biden’s Back to School Safely: Cybersecurity Summit for K-12 Schools event on August 7th, 2023, PowerSchool CEO Hardeep Gulati will highlight PowerSchool’s cybersecurity leadership and initiatives including cloud infrastructure security, cyber defense, and governance risk and compliance, that secure over 80% of the school districts across all U.S. states, including 90 of the top 100 districts by student population.
“Let’s face it: in today’s digital age, our students and their teachers will increasingly use technology in the classroom. Schools have access to more devices and connectivity than ever before, and this technology in education has incredible potential to help students better connect with their learning and achieve, and teachers better engage with their students,” said U.S. Secretary of Education Miguel Cardona. “But to make the most of these benefits, we must effectively manage the risks.
Just as we expect everyone in a school system to plan and prepare for physical risks, we must now also ensure everyone helps plan and prepare for digital risks in our schools and classrooms. The Department of Education has listened to the field about the importance of K-12 cybersecurity, and today we are coming together to recognize this and indicate our next steps.”
PowerSchool already adheres to several commitments outlined in the pledge, including offering single sign-on for free to customers, providing audit logs to any customer upon request, maintaining a published vulnerability disclosure policy administered by an independent third party, and embracing vulnerability transparency by openly engaging with customers on vulnerabilities, threats, and risks the company identifies.
PowerSchool is also taking additional steps to provide industry-leading cybersecurity support to educational institutions. This includes offering free and subsidized security-as-a-service resources, including on-demand webinars, toolkits, and trainings to U.S. schools and districts, as well as offerings from partners including Abnormal Security, Amazon Web Services, and KnowBe4. These resources will be available to any U.S. school or district, regardless of their customer status.
“Keeping our students and our schools safe from cyberattacks comes down to equipping schools with three things – knowledge, resources, and people,” said Anne Neuberger, Deputy National Security Advisor for Cyber and Emerging Technologies. “This week, the White House worked to do just that – mobilizing funding, cybersecurity fact guides tailored for schools, and cybersecurity teams to visit schools and help them fight ransomware. We appreciate the innovative and meaningful private sector commitments in this ransomware fight, as we work together to keep kids cyber-safe online and in schools.”
PowerSchool’s significant investment in advanced security technologies, including static and dynamic code scanning, best-of-breed Web Application Firewalls, and more than 30 annual penetration tests, reinforces its unwavering commitment to providing unparalleled protection and trust to districts and schools. As a signatory of the Student Privacy Pledge 2020, PowerSchool adheres to all applicable state, province, and federal regulations and goes beyond those by independently verifying its security management system annually to third-party audited, internationally recognized standards for security management systems, achieving the ISO:27001 certification and SOC2 Type 2 – the gold standard data security certification for business service providers. PowerSchool is also partnered with the Consortium for School Networking (COSN) on their recently rolled-out K-12 Community Vendor Assessment Tool (K-12CVAT) and is an active partner of 1EdTech, focusing on industry standards, interoperability, and data privacy and security best practices. PowerSchool products have been vetted and certified as TrustEd Apps by 1Edtech, based on the organization's rigorous data and privacy rubric.
PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool supports over 50 million students globally and more than 15,000 customers, including more than 90 of the top 100 districts by student enrollment in the United States, and sells solutions in more than 90 countries.
Gravyty | July 14, 2023
Gravyty announced its groundbreaking fundraising and engagement software platform for higher education advancement and alumni relations teams.
The Gravyty higher education platform revolutionizes how university advancement teams engage, solicit and steward students, alumni and donors through personalization, seamless integrations and AI. Through the fully integrated platform, institutions will benefit from sustainable long-term growth, reportable ROI and a simplified user experience.
"We're thrilled to be able to provide a holistic platform that helps institutions solve for the challenges they face in advancement—from engaging with alumni at scale to executing a dynamic digital fundraising strategy to stewarding donors and building pipeline year-round," said Josh Robertson, VP of Product at Gravyty. Robertson continued, "We've designed the platform to get smarter as insights grow. The data and analytics provided in the platform paired with the cyclical approach to engagement, fundraising and stewardship provides schools with a comprehensive advancement solution."
Gravyty is the leading provider of purpose-driven technology, providing higher education institutions, nonprofit organizations and K12 schools the tools they need to create an engaging community and fundraise smarter. Backed by K1 Investment Management, Gravyty has $72 million in funding and six strategic industry acquisitions to build a holistic, mission-driven ecosystem of solutions. Gravyty is headquartered in the United Kingdom, with operations in the United States, Canada and Israel.
PR News Wire | September 01, 2023
Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed.
Headquartered in Bellevue, WA, DreamBox Learning offers the only dual-discipline solution rated "Strong" by Johns Hopkins University's evidenceforESSA.org in both mathematics and reading. Through its high-quality adaptive learning solutions independently proven to accelerate student growth, DreamBox Learning empowers educators with data analytics and content-specific professional development solutions to complement instruction.
"Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading edtech solutions to our growing family of services," said Discovery Education Chief Executive Officer Jeremy Cowdrey. "Combining an expertise in learning science with adaptive, effective instructional solutions, DreamBox Learning's solutions can help students excel regardless of who they are or where they live. Through this latest acquisition, Discovery Education is better positioned to broaden its impact on student success by providing our existing network of partner school systems access to DreamBox Learning's collection of supplemental math, reading, and professional learning solutions."
The acquisition of DreamBox Learning supports Discovery Education's mission to prepare learners for tomorrow by creating innovative classrooms connected to today's world. DreamBox Learning's products complement Discovery Education's other successful digital solutions, which include Discovery Education Experience, the company's award-winning K-12 platform, the Techbook series of digital textbooks, Mystery Science, and more, in supporting student achievement.
The acquisition of DreamBox Learning comes at a time when school districts are seeking comprehensive, yet consolidated platforms to address a wide range of core and supplemental learning needs, backed by research that underscores meaningful gains in achievement. The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines.
"DreamBox Learning was founded in 2006 with the mission to transform the way the world learns through our pioneering intelligent adaptive learning technology, and today's announcement represents a significant next step to achieving that mission. Building upon our existing math and reading solutions, we can now leverage Discovery Education's highly scalable global footprint to reach more students and deepen our partnerships with educators around the world," said Jessie Woolley-Wilson, President and CEO of DreamBox Learning.
DreamBox Learning will be Discovery Education's most recent acquisition, joining Pivot Interactives and DoodleLearning, which were acquired in August of 2022, and Mystery Science, which was acquired in 2020.
Sidley Austin LLP served as legal advisor to Discovery Education. Moelis & Company LLC acted as lead financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction. The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of customary closing conditions.
About Discovery Education
Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc. Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners.
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, consumer, and industrials. Clearlake currently has over $70 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore.