New Ownership for StarDyne Technologies
Monday August 8th, 2016
Kelowna, British Columbia
We are happy to share that the agreement for the acquisition of the GEMS division and Corporate Services of StarDyne Technologies by Aptean Canada Software Inc. (‘Aptean’) and the acquisition of the SRB division of StarDyne Technologies by PowerSchool Group LLC (‘PowerSchool’) became official today.
The StarDyne team has been working to determine the long-term strategic direction and the best opportunities for future growth for the company. During this lengthy process StarDyne was introduced to Aptean, a leading provider of industry-focused, mission critical enterprise software solutions, and PowerSchool, a leader for K-12 education technology solutions.
The GEMS Division and Corporate Services fit well into Aptean’s portfolio of vertically focused best-in-class software solutions and are well aligned to provide growth opportunities for each GEMS product line. Additionally, the acquisition of SRB Education Solutions allows PowerSchool to further innovate SRB’s products, expanding its utilization throughout Canada. With SRB and PowerSchool joining forces they will have the ability to directly improve student outcomes and improve the K-12 education experience for parents, students and educators.
“StarDyne has enjoyed remarkable growth over the years driven by its Triple Bottom Line philosophy of Employee Satisfaction, Customer Satisfaction and Financial Satisfaction. This acquisition allows our divisions to be partnered with strong players in their respective markets in order to facilitate the next phase of growth” said Brad Imrich, StarDyne President.
David Burke, CEO and Co-Founder of StarDyne, will be retiring after 15 years with the Company.
CIBC Capital Markets acted as financial advisor to StarDyne in connection with the transaction and Stikeman Elliott LLP acted as legal counsel.
About StarDyne Technologies Inc.
StarDyne is a technology company focused primarily on the local government and education areas of the public sector, providing strategic leadership with a long-term investment perspective to support our companies. StarDyne offers, through its group companies, alternative or complementary software solutions to satisfy customer requirements. A growth-driven company, StarDyne has invested substantially in its companies through product development, market expansion and acquisitions. http://www.stardynetech.com/.
Aptean is a leading provider of mission critical enterprise software solutions. We build and acquire industry-focused solutions to support the evolving operational needs of our customers. Our solutions help nearly 5,000 organizations stay at the forefront of their industries by enabling them to operate more efficiently, thereby ensuring higher customer satisfaction. For more information, visit www.aptean.com.
About PowerSchool Group LLC
PowerSchool is the #1 leading education technology platform for K-12, serving more than 57 million users, 20 million students, 36 million parents, and 70 countries around the world. We provide best-in-class, secure, and compliant online solutions, including student information systems, registration and school choice, assessment and analytics, and special education
management. We empower teachers and drive student growth through innovative digital classroom capabilities, and we engage families through real-time communications across any
device. Visit www.powerschool.com to learn more.