I don't know how much has changed with PowerSchool in the two-and-a-half years since I first wrote this. I suspect their technical debt remains and integration leaves a lot to be desired. That being said, there's an absolute tsunami of funding coming into K-12 from the federal government by way of stimulus funding and the upcoming infrastructure bill. PowerSchool is well-positioned to absorb a lot of that and I think the $6 billion post-IPO valuation estimate is appropriate. Hopefully they will transition from running lean with a pretty façade to paying their employees competitive wages and hiring developers to deliver on all their promises.
I will be buying.