Cloud-based education software vendor PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal. The announcement comes amid a swathe of take-private deals led by private equity firms seeking a bargain on under-performing enterprise software firms. PowerSchool is a web-based platform that helps educational institutions manage operations such as enrolment, grades, attendance, and communication with parents and students. Founded in 1997 as a student information syst...