The amount of the deal was not disclosed.
The acquisition aims to create a solution designed to meet the complete management and parent communication needs of child care businesses and organizations.
Led by JoAnn Kintzel, President and CEO, Procare is a large provider of child care management software, services and hardware. It offers desktop and cloud hosted solutions that allow for automated collection of tuition, fees and other payments, as well as modules to track student attendance, immunizations, menus and meals, and parent and emergency contact and other information.
The company serves more than 35,000 child care providers in a variety of facilities from single-unit operations to multinational enterprises.
Led by Leif Ullman, CEO and Co-Founder, and Greg Krupa, COO and Co-Founder, KidReports provides a software as a service (SaaS) web-based reporting system that allows providers to create a secure personal online profile of each child to track their activities and communicate with parents. Providers can share photos, videos and other information, and profiles can be updated hourly or daily, allowing parents to stay connected with their children throughout the day. The company’s software automates a number of providers’ administrative tasks, replacing paper daily reports, providing online and secure data storage, and aiding with license compliance.