Discovery Education, the leading EdTech provider, is scaling up its reach to empower teachers and students across the globe. The company has recently announced that it has acquired DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide.
This strategic move will enable Discovery Education to offer a comprehensive platform that addresses core and supplemental learning needs. With the addition of DreamBox Learning’s adaptive learning solutions, teachers will now be able to leverage Discovery Education’s suite of products to offer personalized learning experiences to their students.
DreamBox Learning’s current investors, Elliott Investment Management L.P. and TPG’s The Rise Fund, will retain minority stakes. However, the financial terms of the deal were not disclosed.
DreamBox Learning is the only dual-discipline solution rated “Strong” by Johns Hopkins University’s evidenceforESSA.org in mathematics and reading. Through its high-quality adaptive learning solutions, the platform empowers educators with data analytics and content-specific professional development solutions to complement instruction.
Speaking on the deal, Chief Executive Officer of Discovery Education, Jeremy Cowdrey, said: “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. 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.”
Jessie Woolley-Wilson, President and CEO of DreamBox Learning, added: “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 worldwide.”
This acquisition comes at a time when school districts are seeking consolidated and comprehensive platforms to address a wide range of learning needs. With the help of DreamBox Learning’s intelligent adaptive learning technology, teachers will be better equipped to provide engaging and personalized learning experiences across various disciplines.
Discovery Education is backed by Clearlake Capital Group, L.P. (with its affiliates, “Clearlake”). The company serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences that engage all students and support higher academic achievement globally.
The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of standard closing conditions. Sidley Austin LLP served as legal advisor to Discovery Education. Moelis & Company LLC acted as lead financial advisor, and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction.
Teachers now have the opportunity to use the innovative EdTech solutions from Discovery Education to create innovative classrooms connected to today’s world. With the addition of DreamBox Learning, Discovery Education is better positioned to prepare learners for tomorrow by providing them with more options for engaging, personalized learning experiences across various disciplines.
