Discovery Education Acquires DreamBox Learning

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.