PowerSchool (PWSC) Joins AMISA, Fortifies PowerPartner Program
As part of the continued expansion of its global PowerPartner Program, PowerSchool Holdings, Inc. PWSC partnered with the American International Schools in the Americas (AMISA).
Per the partnership, PowerSchool’s products will be provided to more than 100 American International Schools in Latin America (members of AMISA) and the Tri-Association.
Focus on Strategic Partnerships
PWSC's global PowerPartner Program utilizes regional partners to support localized marketing, sales and customer deployment efforts. This expanding program includes PWSC channel partners serving customers across the Middle East, Africa, Asia and Latin America.
The company is emphasizing on broader global expansion. In some regions, a direct sales model is employed, while in others, a go-to-market strategy with channel partners is being developed. Since the last earnings call in August 2023, the company has added six additional partners, totaling 11 this year. This progress exceeds its plan to sign 12 partners by the end of the year.
The company partnered strategically in various global regions, including CCS for Egypt, Bahwan CyberTek for Oman and the UAE in the Middle East and Africa; BeeNet in Hong Kong, Singapore and the Philippines in Asia; Gear Education in Greece and Cyprus in Europe; LearnBase in Brazil; and Glenn Cook Technologies in New Zealand. The aim is to bring onboard and collaborate with these partners in the coming quarters, driving significant growth for PowerSchool outside North America.
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In the past month, shares of PowerSchool have increased by 17.1% compared with the industry’s 13.2% growth.
Strategic partnerships and digital innovations are likely to benefit the company’s performance in the upcoming periods. Going forward, the company is optimistic and actively seeking more strategic partnerships and potential acquisitions. The goal is to enhance the platform by incorporating assessments and curriculum for the Indian market, enabling a significant entry into the same.
Zacks Rank & Key Picks
PowerSchool currently carries a Zacks Rank #3 (Hold).
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