Announced
Completed
Financials
Tags
United States
Education Services
education technology
Domestic
Private Equity
Single Bidder
Acquisition
Private
Majority
Friendly
Completed
Synopsis
Clearlake Capital-backed Discovery Education, an education technology company, completed the acquisition of DreamBox Learning, a K-12 education technology provider. Financial terms were not disclosed. "Discovery Education's acquisition of DreamBox Learning unites two cultures of passion and purpose. Together, we are positioned to provide school systems worldwide a wider range of research-based products that provide students, real, measurable impact on learning from one consolidated platform at the time school systems are seeking more ROI than ever from their edtech spend. We believe this new combination of people and solutions will allow Discovery Education to expand its impact on education and continue its growth trajectory," Jeremy Cowdrey, Discovery Education CEO.
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