Vertical software62% entry signalMarket screen4 sourced figuresExecution decidesdistribution

K-12 Student Information Systems

Prepared 2026-09-08

The buyer population — Elementary and secondary schools

Base industry report for 611110 →
Establishments · CanadaA
2,171
with employees
Under 10 employeesA
24%
most common size: 20–49
Establishments · USA
22,378
Employment · USA
1,114,583
50 per establishment
Payroll · USA
$51.6B
$46k per employee

Of 2,171 Canadian establishments with employees, 24% have fewer than ten — an industry where large establishments carry real weight. Each of those is one potential account, before any filter for size or fit.

Entry signal — what decides who wins here

Execution decides
Structure decides One thing must be true Execution decides

The hurdles here are ones a better operator clears. That is not a promise of success — it is the absence of a structural reason you cannot win.

What you would have to beat

Get to the buyer. The product is reachable and the need is real; the channel is owned by someone else, and a route to it — a partner, a reseller, a trade relationship, a book of clients bought outright — is what has to be built.

How it was read
Binding constraintUNVERIFIEDdistribution — Executional — a better operator can move it.
Measured inputsUNVERIFIEDnot applied — This is a software market. The industry’s business counts describe its BUYERS, not the market being entered, so they are left out of the signal.
How many new establishments are still tradingA
Educational Services, US · opened 2020
83.5%
1 year
70.3%
3 years
58.2%
5 years
43.1%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.

Companies named in this market · 7

The binding constraint — distribution

District procurement is RFP-gated, board-approved, and runs on a 12–24 month cycle aligned to the school year. Student data privacy obligations add a heavy compliance floor before first revenue. Nothing is disclosed here. Every vendor named on this record is private, or sits inside a parent that does not break the line out, so no revenue floor can be built and the market size is genuinely unknown rather than estimated.

Angel-backed companies11
in the Canadian portfolio dataset
Province mixON 4, AB 2, QC 2, NL 1, BC 1, PE 1

Sectors joined: EdTech · Gaming/EdTech · Training/AI · EdTech AI · Arts Education · VR/AR Training

[UNVERIFIED] Sector-to-NAICS mapping is analyst judgment — see data/angel-sector-map.json. Counts are a per-record cross-reference and are not additive across records.

I

The incumbent

Who owns this market and who is coming for it. Fields a screen never reached say so rather than guessing.

Incumbent
PowerSchool
Scale
Taken private by Bain Capital in a multi-billion-dollar transaction
Challengers
Infinite Campus, Skyward, Clever, Blackbaud K-12
Lock-in mechanism
Not assessed — screened before diligence
Price movement
Not assessed
Is the buyer consolidating?
Yes
F

Financials & market size — sourced

Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.

Bain Capital acquisition of PowerSchoolB $5.6B enterprise value at $22.80 a share in cash; completed 1 October 2024
PowerSchool scale at acquisitionC over 60 million students and more than 18,000 customers across 90+ countries
KKR acquisition of InstructureB $4.8B take-private of the Canvas and Parchment owner
Disclosure consequenceB both leaders are now private; neither reports revenue for K-12 software
V

The field

Every vendor named on this record, and what each one discloses. Most disclose nothing, which is why the market is not sized.

Competitor set · 4 named · 0 disclose revenue

NameRevenueShareNote
PowerSchoolB not disclosed — Taken private by Bain Capital at a $5.6B enterprise value, completed 1 October 2024. Claims 60M+ students and 18,000+ customers [vendor]. No revenue published since
Instructure (KKR)B not disclosed — Canvas and Parchment; taken private by KKR at $4.8B. The LMS rather than the SIS, but the same budget and the same buyer
Google ClassroomNASDAQ: GOOGLC not disclosed — Free at the point of use and bundled with Workspace for Education — the floor under the whole category
Infinite Campus / Skyward / AeriesC not disclosed — Private; the long-standing district-level SIS alternatives

Nobody here publishes revenue. The market is not sized for that reason — an estimate built on nothing would only look like knowledge.

S

Startups & challengers

Newer and smaller vendors going at the incumbent — funded challengers first. Named, not researched to the depth of the field above; a company with a page here links to it.

CompanyStageWhat it doesRaised
August Schools Startup School health office software: nurse visits, immunizations and medication logs for K-12 —

Evidence

Evidence. UNVERIFIED — screened on analyst judgment against the model in _method/screening-model.md. Incumbent names and positions are from general market knowledge and were not independently researched for this record. Verify before acting. Updated 2026-09-18: the two defining transactions are now on the record — Bain/PowerSchool at $5.6B and KKR/Instructure at $4.8B [B]. Those prices are the only hard numbers in K-12 software: both buyers took the businesses private, so the category's scale is now measurable only by what private equity paid for it. Google Classroom is free, which is why it is listed as the price floor rather than as a competitor with revenue.

#

Where the industry talks

The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.

AssociationOntarioA
ECNO (Educational Computing Network of Ontario)
ecno.org

IT leaders of Ontario school boards; runs vendor security/privacy vetting (VASP), ERP and SIS reference architecture, annual conference

Checked 2026-09-22
AssociationCanadaA
Canadian School Boards Association (CSBA)
cdnsba.org · 244 members (2026-09)

Boards of Education represented through its 9 provincial member associations, per home page

Checked 2026-09-22
AssociationUSA
CoSN (Consortium for School Networking)
cosn.org

K-12 district technology leaders; CETL certification, chapters, corporate membership directory

Checked 2026-09-22
AssociationNorth AmericaA
ASBO International
asbointl.org

School business officials (the district finance buyers); 2026 Annual Conference & Expo in Pittsburgh

Checked 2026-09-22
ForumUSA
K12TechPro
k12techpro.com

Vetted membership community for K-12 tech departments; also runs the K12TechTalk podcast and moderates r/k12sysadmin

Checked 2026-09-22
SubredditUSC
r/k12sysadmin
reddit.com

K-12 IT staff forum where SIS and vendor choices are argued in the open; Reddit blocked automated access, activity confirmed via search

Checked 2026-09-22
EventUSA
FETC (Future of Education Technology Conference)
fetc.org

K-12 edtech show; FETC 2027 is Jan 26-29, 2027, Orlando, per event site

Checked 2026-09-22
PublicationUSA
EdTech Magazine (K-12)
edtechmagazine.com

Magazine for K-12 IT leaders; ISTELive 26 coverage and cybersecurity features on the K-12 section

Checked 2026-09-22

OASBO (Ontario school business officials) and ISTE are relevant but OASBO blocked automated access and ISTE is broader than SIS buyers; PowerSchool's customer community is login-gated.