Combination creates North American leader in K-12 school cash
management and online payments
TORONTO–(BUSINESS WIRE)–KEV Group (“KEV”, “the company”), the maker of the School Cash Suite
of products and the leading provider of cash accounting management and
online payments software for K-12 schools, today announced the
acquisition of North Carolina-based TRA, Inc. After the acquisition, KEV
software will be used in more than 16,500 schools in Canada and the
U.S., processing more than $3 billion in transactions annually, making
it the largest provider of cash accounting management and online
payments software in North America.
TRA’s school board partners will now have access to KEV’s feature-rich
online payments software, which provides parents with a convenient way
to pay for school activities and makes school administrators more
efficient by reducing the amount of time spent handling cash. KEV’s
added size and scale will ensure the sophisticated School Cash
technology remains the industry leader, while maintaining its high
customer satisfaction standards.
“This acquisition is a major milestone for KEV,” said Bram Belzberg,
Chairman & CEO of KEV Group. “TRA is a highly respected technology
company recognized by their customers for the strength of their school
accounting software solution and their dedication to customer service.
Together, KEV and TRA become the market leader in helping parents and
schools manage online payments and cash.”
“We are thrilled about joining forces with KEV and bringing the benefits
of our partnership to our customers and the market,” said Tom Rickman,
Founder of Technology Resource Associates. “We’ve always admired the KEV
platform, and look forward to bringing even more value to our clients as
a result of this partnership.”
KEV’s School Cash Suite is a web-based platform designed to meet
the unique financial needs of K-12 schools and eliminate the challenges
of dealing with cash in schools. Now, TRA’s SchoolFunds Online
will join the School Cash Suite as being the only solution
available that fully integrates online payments, fee management,
school-level accounting, and digital forms into one easy to use solution
for administrators, parents and students. The system was developed by
school officials to simplify accounting and cash management tasks, while
providing the transparency, accountability, internal controls and
reporting capabilities that district business officials require.
About KEV Group
KEV Group provides industry-leading online payment, accounting and
activity tracking solutions to more than 16,500 schools across North
America. For more than 30 years, KEV Group’s School Cash Suite
and SchoolFunds Online products have helped schools and school
boards ensure the security and transparency of student activity funds.
KEV Group has been recognized by Deloitte’s Technology Fast 500 as one
of North America’s fastest growing technology companies. Visit us at kevgroup.com,
trasoft.net and schoolcashonline.com.
Joshua Shuval[email protected]866-891-9138
For media inquiries:Nick de Pass[email protected]647-725-2520