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PowerSchool to use existing credit facilities for SchoolMessenger buy
By Sara Rosenberg
New York, July 11 – PowerSchool plans to use its existing credit facilities and cash on hand to fund its $300 million acquisition of SchoolMessenger from West Technology Group, according to a news release.
Closing is expected in the third quarter, subject to customary conditions and regulatory approval.
PowerSchool is a Folsom, Calif.-based provider of cloud-based software for K-12 education. SchoolMessenger is a provider of K-12 communication tools.
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