Clearlake Capital completed the acquisition of Discovery Education from Francisco Partners.

Clearlake Capital, an investment firm, completed the acquisition of Discovery Education, a global edtech company whose digital learning software platform supports educators and improves student achievement, from Francisco Partners, a global investment firm that specializes in partnering with technology and technology-enabled businesses. Financial terms were not disclosed. "Discovery Education seeks to empower educators and inspire students worldwide through digital content delivered by our award-winning platform. Francisco Partners has been a great partner in our pursuit of this vision, and I am grateful for their support. We look forward to Clearlake's investment accelerating Discovery Education's efforts to acquire like-minded companies that complement our portfolio. In addition, this new collaboration will enhance our efforts to deepen platform distribution, earn more of educators' instructional time, and win customers. We believe Discovery Education has a bright future as part of the Clearlake family of companies," Scott Kinney, Discovery Education CEO.