KEV Group Accelerates U.S. Expansion with Acquisition of TRA, Inc.
Summary
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. KEV’s added size and scale will ensure the sophisticated School Cash technology remains the industry leader, while maintaining its high customer satisfaction standards. 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. 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. KEV Group provides industry-leading online payment, accounting and activity tracking solutions to more than 16,500 schools across North America.
