Procare Software, a portfolio company of TA Associates, has acquired KidReports, a provider of real-time reporting technology and services to child care providers. No financial terms were disclosed.
MEDFORD, Ore. & DENVER–(BUSINESS WIRE)–Procare Software, a global leader in child care management solutions, today announced it has completed an acquisition of KidReports, a leading provider of real time reporting technology and services to child care providers. This strategic acquisition creates a “one-stop” solution designed to meet the complete management and parent communication needs of child care businesses and organizations.
The world’s largest provider of child care management software, services and hardware, Procare offers desktop and cloud hosted solutions that allow for automated collection of tuition, fees and other payments, as well as modules to track student attendance, immunizations, menus and meals, and parent and emergency contact and other information. Procare serves more than 35,000 child care providers in a variety of facilities from single-unit operations to multinational enterprises. KidReports’ software as a service (SaaS) web-based reporting system allows providers to create a secure personal online profile of each child to track their activities and communicate with parents. Providers can share photos, videos and other information, and profiles can be updated hourly or daily, allowing parents to stay connected with their children throughout the day. KidReports’ software automates a number of providers’ administrative tasks, replacing paper daily reports, providing online and secure data storage, and aiding with license compliance.
“We are thrilled to welcome KidReports, the established standard for classroom management and parent engagement, to the Procare family of products and services,” said JoAnn Kintzel, President and CEO, Procare Software. “The combination of Procare’s comprehensive suite of child care software and services, and KidReports’ real-time reporting framework and infrastructure provides an all-in-one unbeatable solution for child care organizations of all sizes.”
“We’re very pleased to join the Procare Software team,” said Leif Ullman, CEO and Co-Founder, KidReports. “Together, our products and services will further expand Procare’s market leadership and address the increasing demand from millennial parents for frequent and informative communication to track their children’s learning and progress while under a provider’s care. We are confident that Procare and KidReports’ combined child care management software and services offering will allow providers to easily meet this need while modernizing their operations, growing enrollment, and saving time, money and resources.”
Greg Krupa, COO and Co-Founder, KidReports, remarked, “We are proud to contribute to the child care industry with this much-needed all-in-one solution, which furthers our core mission to give child care and early childhood development providers the tools and time to deliver quality care to children, and to communicate efficiently and effectively with their parents.”
About Procare Software
Procare Software is the largest and leading provider of child care management software, integrated payment processing, technology and services. The company supports thousands of preschools, daycare centers, after-school programs, camps and related facilities with a broad product suite that serves the complex and unique demands of the child care market. With Tuition Express®, the company’s integrated payment processing platform, Procare saves schools time and cost, providing seamless bank reconciliations and speedy electronic payment delivery. With payment volumes in excess of $3 billion, Procare is the trusted partner to schools and parents across the United States. Procare offers both a desktop solution and cloud hosting, and supports customers of all sizes from single-center operations to complex multinational enterprises. For more information, please visit www.procaresoftware.com.
KidReports was founded in 2011 to help parents stay connected with their children. Since then, the company has grown to offer a complete tool for digital classroom management, parent communication and engagement, and licensing compliance. Now in use across the United States and internationally, KidReports provides the most customizable and flexible set of tools for tracking activities, messaging parents, and keeping digital records. For more information, please visit www.kidreports.com.
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