Discovery Education Acquires DreamBox Learning
October 12, 2023
Discovery Education, a Clearlake Capital–backed global edtech company, agreed to and completed the acquisition of DreamBox Learning, a Bellevue-based PK–12 adaptive learning platform serving more than 6 million students and 600,000 educators. The deal (terms undisclosed) brings DreamBox’s adaptive math and reading technology into Discovery Education’s suite to expand product capabilities and reach; DreamBox investors Elliott Investment Management and TPG’s The Rise Fund will retain minority stakes.
- Buyers
- Discovery Education, Clearlake Capital Group, L.P.
- Targets
- DreamBox Learning
- Industry
- Education
- Location
- Washington, United States
- Transaction Type
- Buyout
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