Latest acquisition expands teacher and student access to personalized, adaptive learning experiences in Math and English Language Arts
Charlotte, NC (October 12, 2023)—Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its acquisition of DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. Financial terms were not disclosed.
“Discovery Education’s acquisition of DreamBox Learning unites two cultures of passion and purpose. Together, we are positioned to provide school systems worldwide a wider range of research-based products that provide students, real, measurable impact on learning from one consolidated platform at the time school systems are seeking more ROI than ever from their edtech spend,” said Discovery Education Chief Executive Officer Jeremy Cowdrey. “We believe this new combination of people and solutions will allow Discovery Education to expand its impact on education and continue its growth trajectory.”
Discovery Education’s acquisition of DreamBox Learning comes as school districts seek comprehensive platforms featuring a wide range of researched-based core and supplemental resources that improve student outcomes. The addition of DreamBox Learning to the Discovery Education family of solutions meets this need and offers educators worldwide:
“The acquisition of DreamBox Learning represents another milestone in Discovery Education’s journey by creating innovative classrooms connected to today’s world,” said James Pade, Partner and Managing Director at Clearlake. “It’s an example of our O.P.S.® value creation playbook in action, as we continue to accelerate the Company’s growth organically and through strategic acquisitions to provide customers with an expanded and integrated suite of solutions worldwide.”
In the combined organization, Mr. Cowdrey will continue in his role as Discovery Education’s Chief Executive Officer, while former DreamBox Learning CEO Jessie Woolley-Wilson will join Discovery Education’s Board of Directors.
DreamBox Learning is Discovery Education’s most recent acquisition, joining Pivot Interactives and DoodleLearning, which were acquired in August of 2022, and Mystery Science, which was acquired in 2020.
Sidley Austin LLP served as legal advisor to Discovery Education. Moelis & Company LLC acted as lead financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction.
For more information about Discovery Education’s award-winning digital resources and professional learning solutions visit www.discoveryeducation.com, and stay connected with Discovery Education on social media through X (formerly Twitter), LinkedIn, Instagram, TikTok, and Facebook.
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Email: [email protected]