The U.S. blacklisted the company last year after reports that governments had used its software to target journalists, dissidents and opposition politicians.
Revelations that the cellphone of a top opposition politician was tapped have shaken the government and stoked concerns over just how widespread such surveillance is.
At a moment when education technology firms are stockpiling sensitive information on millions of school children, safeguards for student data have broken down.
The company, which said the hacking had affected 76.6 million people, agreed to pay $350 million to settle claims and spend $150 million to bolster security.