MALVERN, PA — Frontline Education, a leading provider of school administration software and services purpose-built for K-12, today announced that it has acquired Forecast5 Analytics from Riverwood Capital. Forecast5 offers a suite of decision support software that provides financial forecasting, benchmarking, student performance dashboards and geovisual analytics to empower school administrators to make more informed financial, academic and strategic decisions. Financial details of the transaction were not disclosed.
“We are excited to welcome the Forecast5 team to Frontline Education. Forecast5’s decision support capabilities are a natural extension of our solutions and further our commitment to innovation, supporting the growth of district staff and optimizing the management of their processes,” said Mark Gruzin, CEO of Frontline Education. “In the current climate, budgetary, financial management and planning considerations have become more complex. Together, our organizations will provide more advanced solutions and resources to address those needs for school districts.”
The acquisition expands the reach and impact of Forecast5’s data analytics and decision support capabilities by introducing the company’s solutions and expertise to thousands of Frontline Education clients across the country. Frontline’s Student Information System (SIS) and Enterprise Resource Planning (ERP) clients will have opportunities to take advantage of Forecast5’s decision support capabilities. Forecast5 clients will benefit from Frontline Education’s expansive data set as well as the company’s broad portfolio of school administration software and services for human capital management, business operations and student management. Frontline will continue to support Forecast5’s unique expertise, client success and advisor model, as well as their extensive partnerships to provide best practice guidance and resources to clients.
“We are thrilled to bring our broad capabilities in data and analytics to Frontline Education, building on the strengths of both companies to create opportunities for greater efficiency and improved student outcomes,” said Scott Smith, President & CEO of Forecast5 Analytics. “By combining tools, expertise and resources, we can deliver enhanced value and decision support to school organizations across the country, many of whom have already chosen Frontline and Forecast5 solutions to address their data, analytics and school administration needs.”
As the combined companies move forward together, Frontline Education and Forecast5 Analytics will support educational organizations as they navigate increased complexity and changing school dynamics by providing a holistic approach to decision support and strategic planning. Leveraging Frontline’s nationally representative education data with Forecast5’s powerful analytics tools will enhance accuracy in reporting, increase confidence in compliance and support improved outcomes for district clients.
Riverwood Capital was the majority owner of Forecast5 Analytics and Thoma Bravo is the majority owner of Frontline Education.
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