SunGard Data Systems Inc. has acquired Performance Pathways Inc., a Mechanicsburg, Penn.-based provider of instructional management software for K-12 school districts. No financial terms were disclosed. SunGard was acquired for $11.4 billion in 2005 by Bain Capital, Blackstone Group, GS Capital Partners, KKR, Providence Equity Partners, Silver Lake Partners and TPG Capital.
SunGard has acquired Performance Pathways Inc., a leading provider of instructional management software for K-12 school districts. Performance Pathways will become part of SunGard Public Sector’s K-12 Education business unit. The transaction, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
Performance Pathways software allows teachers and administrators to access and use curriculum and assessment information to manage instruction and make data-informed decisions to help improve student achievement. The products will extend SunGard Public Sector’s PLUS Solutions integrated product suite offered to K-12 school districts.
“Integrating Performance Pathways products with the PLUS Solutions suite will allow SunGard to offer a unique value proposition to our K-12 school district customers — a unified system for student, instructional and financial management. Performance Pathways offers a full cycle of instructional management solutions with proven performance and brings a team with strong domain knowledge to SunGard Public Sector,” said Frank Lavelle, president of SunGard Public Sector’s K-12 business unit.
About SunGard Public Sector
SunGard Public Sector serves a wide range of customers—city and county governments; public safety, justice, and security agencies; school districts; and not-for-profit organizations. SunGard Public Sector products include public administration, public safety and justice, and K-12 education software applications. These solutions impact more than 140 million citizens in North America and 40 million citizens in the UK. Visit SunGard Public Sector at www.sungardps.com.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.