June 17, 2015 / 11:05 AM / 2 years ago

BRIEF-Pearson to sell PowerSchool to Vista Equity for $350 mln

June 17 (Reuters) - Pearson Plc

* Pearson to sell powerschool

* It has agreed sale of its PowerSchool business to Vista Equity Partners for a gross consideration of $350 million

* Had announced its intention to explore a sale of Powerschool in February 2015

* Transaction also includes other SIS businesses including Powerschool SMS, Gradespeed and Esis Forms

* Transaction is expected to close during Q3 of 2015

* Evercore acted as financial adviser to Pearson on this transaction. Morgan Stanley acted as financial adviser to Vista

* Deal for $350 million, payable in cash Source text for Eikon: Further company coverage:

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