KEV Group, a leading provider of school activity fund management software, announced the acquisition of California-based Gray Step Software. Gray Step has served the K-12 market since 2014 with their ASBWorks, PTEZ, and Booster Finance software solutions.
The addition of Gray Step will work to strengthen KEV’s leadership position in the school activity fund management software industry in North America and demonstrates the company’s commitment to its strategy of delivering easy-to-use, best-in-class software that provides financial accountability, transparency, efficiency gains, and convenience to K-12 districts.
“Gray Step is a strong, strategic fit for KEV,” said Bram Belzberg, Chairman and CEO of KEV Group. “The acquisition allows us to create a larger presence in the market with increased resources, talent, and aligned vision. Combining Gray Step’s team and product portfolio with KEV will enhance our software and services offerings, providing additional value for customers as we bring together two respected and purpose-driven organizations.”
“This marks an exciting new chapter for us,” commented Brian Cichella, Gray Step Co-Founder and President. “I’m incredibly proud of what we’ve achieved in serving schools with innovative solutions that allow them to manage their activity funds. KEV is an ideal partner to further our mission. With their resources and leadership position in the market, we’ll be able to accelerate product innovations and do even more for our customers. The entire Gray Step team is excited about what lies ahead.”
Terms of the agreement have been finalized but were not disclosed.
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