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Vista Equity Partners is rolling up a pair of education-technology companies in its portfolio, including Austin-based PeopleAdmin Inc.
PeopleAdmin will merge with Folsom, California-based PowerSchool, creating a company with a combined value of nearly $3 billion including debt, Reuters reports citing unnamed sources "familiar with the matter." The deal includes an investment from Onex Corp.
Vista Equity, which is also based in Austin, will share ownership of the combined company with Onex, per…
Austin Business News - Local Austin News | Austin Business Journal
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PeopleAdmin to merge with California ed-tech business under Vista Equity's guidance