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.…Read More