Latest acquisition expands teacher and student access to personalized, adaptive learning experiences in Math and English Language Arts鈥�听
Charlotte, NC (October 12, 2023)鈥�扒哥黑料, a global education technology company backed by (together with its affiliates, 鈥淐learlake鈥�), today announced the completion of its acquisition of , a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. Financial terms were not disclosed.鈥赌�听
鈥湴歉绾诹镶�檚 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,鈥� said 扒哥黑料 Chief Executive Officer Jeremy Cowdrey. 鈥淲e believe this new combination of people and solutions will allow 扒哥黑料 to expand its impact on education and continue its growth trajectory.鈥濃��听
扒哥黑料鈥檚 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 扒哥黑料 family of solutions meets this need and offers educators worldwide:鈥�听
- More options. The addition of DreamBox Learning鈥檚 intelligent adaptive learning technology to the 扒哥黑料 suite of award-winning solutions provides educators and students even more options for creating engaging, personalized learning experiences across a variety of disciplines.鈥赌�听
- More expertise. The combined DreamBox Learning and 扒哥黑料 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, 扒哥黑料 is poised to build even more partnerships supporting the success of all learners.鈥�听
- More impact. 扒哥黑料鈥檚 scalable global footprint鈥攚hich already serves 4.5 million educators and 45 million students in 100 countries鈥攐ffers the education community an unprecedented opportunity to help all children excel at learning no matter where they live, who they are, or how they learn.鈥�听
鈥淭he acquisition of DreamBox Learning represents another milestone in 扒哥黑料鈥檚 journey by creating innovative classrooms connected to today鈥檚 world,鈥� said James Pade, Partner and Managing Director at Clearlake. 鈥淚t鈥檚 an example of our in action, as we continue to accelerate the Company鈥檚 growth organically and through strategic acquisitions to provide customers with an expanded and integrated suite of solutions worldwide.鈥濃�赌�听
In the combined organization, Mr. Cowdrey will continue in his role as 扒哥黑料鈥檚 Chief Executive Officer, while former DreamBox Learning CEO Jessie Woolley-Wilson will join 扒哥黑料鈥檚 Board of Directors.鈥�听
DreamBox Learning is 扒哥黑料鈥檚 most recent acquisition, joining and , which were acquired in August of 2022, and Mystery Science, which was acquired in 2020.鈥�听
Sidley Austin LLP served as legal advisor to 扒哥黑料. Moelis & Company LLC acted as lead financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction.鈥赌�听
For more information about 扒哥黑料鈥檚 award-winning digital resources and professional learning solutions visit www.discoveryeducation.com, and stay connected with 扒哥黑料 on social media through , , , , and .听
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About 扒哥黑料鈥赌�
扒哥黑料 is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place.鈥� Through its award-winning multimedia content, instructional supports, innovative classroom tools, and social impact initiatives, 扒哥黑料 helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. 扒哥黑料 serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc. 扒哥黑料 partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners. Explore the future of education at www.discoveryeducation.com.鈥赌�听
About Clearlake鈥赌�
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake鈥檚 operational improvement approach, 翱.笔.厂.庐 The firm鈥檚 core target sectors are technology, consumer, and industrials. Clearlake currently has over $70 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore. More information is available at and on Twitter @Clearlake.鈥�听
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Stephen Wakefield for 扒哥黑料 Phone: 202-316-6615 Email: 蝉飞补办别蹿颈别濒诲蔼诲颈蝉肠辞惫别谤测别诲.肠辞尘鈥�鈥�听
Jennifer Hurson for Clearlake Phone: 845-507-0571 Email: 箩丑耻谤蝉辞苍蔼濒补尘产别谤迟.肠辞尘鈥�鈥�听