Clearlake Capital-Backed Discovery Education to Acquire DreamBox Learning
CHARLOTTE, N.C., Aug. 29, 2023 /PRNewswire/ -- Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed.
- CHARLOTTE, N.C., Aug. 29, 2023 /PRNewswire/ -- Discovery Education , a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning® , a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide.
- "Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading edtech solutions to our growing family of services," said Discovery Education Chief Executive Officer Jeremy Cowdrey.
- The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines.
- For more information about Discovery Education's award-winning digital resources and professional learning services, visit www.discoveryeducation.com , and stay connected with Discovery Education on social media through Twitter and LinkedIn .