Clearlake Capital-Backed Discovery Schooling to Purchase DreamBox Studying
Charlotte, NC — Discovery Schooling, a world training know-how firm backed by Clearlake Capital Group, L.P. (along with its associates, “Clearlake”), at this time introduced it has agreed to amass DreamBox Studying®, a PK-12 training know-how supplier serving greater than 6 million college students and 600,000 educators nationwide. DreamBox Studying’s present traders Elliott Funding Administration L.P. and TPG’s The Rise Fund will retain minority stakes within the firm. Monetary phrases weren’t disclosed.
Headquartered in Bellevue, WA, DreamBox Studying provides the one dual-discipline resolution rated “Sturdy” by Johns Hopkins College’s evidenceforESSA.org in each arithmetic and studying. By its high-quality adaptive studying options independently confirmed to speed up pupil development, DreamBox Studying empowers educators with information analytics and content-specific skilled growth options to enrich instruction.
“Discovery Schooling is worked up to welcome DreamBox Studying, a model synonymous with high quality, research-based math and studying edtech options to our rising household of providers,” stated Discovery Schooling Chief Government Officer Jeremy Cowdrey. “Combining an experience in studying science with adaptive, efficient tutorial options, DreamBox Studying’s options will help college students excel no matter who they’re or the place they dwell. By this newest acquisition, Discovery Schooling is best positioned to broaden its affect on pupil success by offering our current community of associate college methods entry to DreamBox Studying’s assortment of supplemental math, studying, {and professional} studying options.”
The acquisition of DreamBox Studying helps Discovery Schooling’s mission to arrange learners for tomorrow by creating progressive school rooms related to at this time’s world. DreamBox Studying’s merchandise complement Discovery Schooling’s different profitable digital options, which embody Discovery Schooling Expertise, the corporate’s award-winning Ok-12 platform, the Techbook collection of digital textbooks, Thriller Science, and extra, in supporting pupil achievement.
The acquisition of DreamBox Studying comes at a time when college districts are searching for complete, but consolidated platforms to deal with a variety of core and supplemental studying wants, backed by analysis that underscores significant good points in achievement. The addition of DreamBox Studying’s clever adaptive studying know-how to the Discovery Schooling suite will present educators and college students with extra choices for participating, personalised studying experiences throughout a wide range of disciplines.
“DreamBox Studying was based in 2006 with the mission to rework the best way the world learns by way of our pioneering clever adaptive studying know-how, and at this time’s announcement represents a big subsequent step to attaining that mission. Constructing upon our current math and studying options, we will now leverage Discovery Schooling’s extremely scalable international footprint to succeed in extra college students and deepen our partnerships with educators around the globe,” stated Jessie Woolley-Wilson, President and CEO of DreamBox Studying.
DreamBox Studying can be Discovery Schooling’s most up-to-date acquisition, becoming a member of Pivot Interactives and DoodleLearning, which had been acquired in August of 2022, and Thriller Science, which was acquired in 2020.
Sidley Austin LLP served as authorized advisor to Discovery Schooling. Moelis & Firm LLC acted as lead monetary advisor and Gibson, Dunn & Crutcher LLP served as authorized advisor to DreamBox Studying on the transaction. The transaction is predicted to shut within the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of customary closing situations.
For extra details about Discovery Schooling’s award-winning digital assets {and professional} studying providers, go to www.discoveryeducation.com, and keep related with Discovery Schooling on social media by way of Twitter and LinkedIn.
About Discovery Schooling
Discovery Schooling is the worldwide edtech chief whose state-of-the-art digital platform helps studying wherever it takes place. By its award-winning multimedia content material, tutorial helps, and progressive classroom instruments, Discovery Schooling helps educators ship equitable studying experiences participating all college students and supporting larger tutorial achievement on a world scale. Discovery Schooling serves roughly 4.5 million educators and 45 million college students worldwide, and its assets are accessed in over 100 international locations and territories. Impressed by the worldwide media firm Warner Bros. Discovery, Inc. Discovery Schooling companions with districts, states, and trusted organizations to empower lecturers with main edtech options that assist the success of all learners. Discover the way forward for training at www.discoveryeducation.com.
About Clearlake
Clearlake Capital Group, L.P. is an funding agency based in 2006 working built-in companies throughout personal fairness, credit score, and different associated methods. With a sector-focused strategy, the agency seeks to associate with skilled administration groups by offering affected person, long-term capital to dynamic companies that may profit from Clearlake’s operational enchancment strategy, O.P.S.® The agency’s core goal sectors are know-how, client, and industrials. Clearlake presently has over $70 billion of belongings below administration and its senior funding principals have led or co-led over 400 investments. The agency is headquartered in Santa Monica, CA with associates in Dallas, TX, London, UK, Dublin, Eire, and Singapore. Extra info is on the market at www.clearlake.com and on Twitter @Clearlake.
eSchool Media workers cowl training know-how in all its elements–from laws and litigation, to finest practices, to classes realized and new merchandise. First printed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media offers the information and knowledge crucial to assist Ok-20 decision-makers efficiently use know-how and innovation to rework colleges and schools and obtain their instructional targets.
