For schools, this is some pretty big news. Dreambox Learning currently serves more than 6 million students and 600,000 educators nationwide, and they offer those 6 million learners the only dual-discipline solution rated “Strong” by Johns Hopkins University’s evidenceforESSA.org in both mathematics and reading.
“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. “Combining an expertise in learning science with adaptive, effective instructional solutions, DreamBox Learning’s solutions can help students excel regardless of who they are or where they live. Through this latest acquisition, Discovery Education is better positioned to broaden its impact on student success by providing our existing network of partner school systems access to DreamBox Learning’s collection of supplemental math, reading, and professional learning solutions.”
The acquisition of DreamBox Learning comes at a time when school districts are seeking more comprehensive platforms to address a wide range of core and supplemental learning needs. DreamBox Learning’s adaptive learning technology will provide Discovery Education’s educators and students with more options for engaging, personalized learning experiences across a variety of disciplines.
“DreamBox Learning was founded in 2006 with the mission to transform the way the world learns through our pioneering intelligent adaptive learning technology, and today’s announcement represents a significant next step to achieving that mission. Building upon our existing math and reading solutions, we can now leverage Discovery Education’s highly scalable global footprint to reach more students and deepen our partnerships with educators around the world,” said Jessie Woolley-Wilson, President and CEO of DreamBox Learning.
About Discovery Education
Discovery Education is a worldwide EdTech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences, engaging students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc., Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading EdTech solutions that support the success of all learners. Explore the future of education at www.discoveryeducation.com.
Discovery Education’s acquisition of Dreambox Learning is backed by Clearlake Capital Group, L.P., an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, consumer, and industrials. Clearlake currently has over $70 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore. More information is available at www.clearlake.com and on Twitter @Clearlake.