Veritas Capital portfolio company Finalsite has acquired RevTrak, a digital payments provider serving more than 13,000 US schools. RevTrak processes everyday school payments including meals, athletics, activities, events and fees, while providing reporting, reconciliation tools and integrations. The company has operated for over 30 years, helping schools transition from cash and checks to digital payments.

The acquisition extends Finalsite's tuition and billing offerings into everyday school payments. Based in Glastonbury, Connecticut, Finalsite operates a K-12 platform serving more than 40,000 schools worldwide. Combined, the companies now serve over 50,000 schools globally.

Finalsite stated that its investment in product innovation, security and customer success will accelerate delivery of new payments capabilities to schools. Veritas Capital manages $54 billion in assets and focuses on technology and government companies.