Announced
Completed
Financials
Tags
United States
Private Equity
e-learning platform
Private
Completed
Majority
Acquisition
Friendly
Education Services
Single Bidder
Domestic
Synopsis
Clearlake Capital-backed Discovery Education, an ed-tech company, completed the acquisition of Pivot Interactives, a web-based learning platform. Financial terms were not disclosed. "Discovery Education empowers teachers and inspires students worldwide through digital content delivered on our platform. Unlike other digital interactives on the market, Pivot Interactives explores concepts using real-life experiments, not animations, allowing teachers to include phenomena-based learning at any stage of the learning cycle. Through our acquisition of Pivot Interactives, Discovery Education is now better positioned to broaden our impact by providing our partner school systems access to phenomena-based, active learning tools," Scott Kinney, Discovery Education CEO.
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