Forbes March 24, 2025
A recent massive EdTech data breach and a pursuant, astonishing “trust the hackers” company response spotlight digital era private equity M&A fragility, public-corporate partnership risk, vendor reliability and real cyber readiness capability deficits.
After investors took PowerSchool private last June for $5.6 billion, it didn’t take long for a harrowing cyber breach to rattle the software giant which boasts 75% market share of the K-12 market, serving over 45 million students across 90 countries, including 18,000 schools in North America. In the late December 2024, hackers gained access to data from over 62 million students and 9.5 million teachers globally. What soon followed was likely inconceivable to most — even seasoned cyber mavens.
Renowned tech investigative journalist Brian Krebs was...
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