Clearlake Capital – Backed Discovery Education Completes Acquisition of DreamBox Learning  

Charlotte, NC (October 12, 2023)— Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its acquisition of DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. 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,” said Discovery Education Chief Executive Officer Jeremy Cowdrey. “We believe this new combination of people and solutions will allow Discovery Education to expand its impact on education and continue its growth trajectory.”  

Discovery Education’s acquisition of DreamBox Learning comes as school districts seek comprehensive platforms featuring a wide range of researched-based core and supplemental resources that improve student outcomes. The addition of DreamBox Learning to the Discovery Education family of solutions meets this need and offers educators worldwide:  

• More options. The addition of DreamBox Learning’s intelligent adaptive learning technology to the Discovery Education suite of award-winning solutions provides educators and students even more options for creating engaging, personalized learning experiences across a variety of disciplines.   

• More expertise. The combined DreamBox Learning and Discovery Education team is comprised of purpose-driven subject matter experts, industry-recognized engineers, statisticians, veteran educators, and professionals from all walks of life. With experience collaborating with school systems worldwide, Discovery Education is poised to build even more partnerships supporting the success of all learners.  

• More Impact. Discovery Education’s scalable global footprint—which already serves 4.5 million educators and 45 million students in 100 countries—offers the education community an unprecedented products opportunity to help all children excel at learning no matter where they live, who they are, or how they learn.  

“The acquisition of DreamBox Learning represents another milestone in Discovery Education’s journey by creating innovative classrooms connected to today’s world,” said James Pade, Partner and Managing Director at Clearlake. “It’s an example of our  O.P.S.® value creation playbook in action, as we continue to accelerate the Company’s growth organically and through strategic acquisitions to provide customers with an expanded and integrated suite of solutions worldwide.”   

In the combined organization, Mr. Cowdrey will continue in his role as Discovery Education’s Chief Executive Officer, while former DreamBox Learning CEO Jessie Woolley-Wilson will join Discovery Education’s Board of Directors.  

DreamBox Learning is Discovery Education’s most recent acquisition, joining Pivot Interactives and DoodleLearning, which were acquired in August of 2022, and Mystery Science, which was acquired in 2020.