West to divest SchoolMessenger for $300M

West Technology Group has entered into a definitive agreement to sell its SchoolMessenger business to PowerSchool for $300 million. Since 1999, school administrators have trusted SchoolMessenger solutions to connect with parents, staff, and community members in multiple languages on any device. Products and services include notifications, digital forms, attendance management, two-way chat messaging, and customized websites, dramatically improving workflow management. Utilization of SchoolMessenger solutions reduces time spent on administrative tasks, improving both efficiency and cost. Serving over 28 million students, districts and schools in all 50 U.S. states and Canada depend on SchoolMessenger products to achieve their communications goals. The transaction is expected to close in the third quarter of 2023, subject to regulatory approvals and other customary closing conditions. The Company intends to use the net proceeds of the sale in accordance with its credit facility and indentures governing its outstanding notes.