PR News Wire | September 01, 2023
Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed.
Headquartered in Bellevue, WA, DreamBox Learning offers the only dual-discipline solution rated "Strong" by Johns Hopkins University's evidenceforESSA.org in both mathematics and reading. Through its high-quality adaptive learning solutions independently proven to accelerate student growth, DreamBox Learning empowers educators with data analytics and content-specific professional development solutions to complement instruction.
"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," said Discovery Education Chief Executive Officer Jeremy Cowdrey. "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."
The acquisition of DreamBox Learning supports Discovery Education's mission to prepare learners for tomorrow by creating innovative classrooms connected to today's world. DreamBox Learning's products complement Discovery Education's other successful digital solutions, which include Discovery Education Experience, the company's award-winning K-12 platform, the Techbook series of digital textbooks, Mystery Science, and more, in supporting student achievement.
The acquisition of DreamBox Learning comes at a time when school districts are seeking comprehensive, yet consolidated platforms to address a wide range of core and supplemental learning needs, backed by research that underscores meaningful gains in achievement. The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines.
"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 around the world," said Jessie Woolley-Wilson, President and CEO of DreamBox Learning.
DreamBox Learning will be 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.
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. The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of customary closing conditions.
About Discovery Education
Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education 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. Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners.
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's operational improvement approach, O.P.S.® The firm's 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.
Businesswire | August 11, 2023
Research shows that safety in school science labs and classrooms is a national concern. More than half of schools have had an injury or litigation, and more than three-quarters of accidents involve students. Accelerate Learning and Science Safety Inc. have exclusively partnered to increase safety in STEM education programming nationwide.
Accelerate Learning now offers Science Safety products and services to enable districts to improve safety policies and practices, reduce risk, and support ongoing compliance requirements.
“Safety is essential for hands-on learning, and it’s an integral part of Accelerate Learning’s STEM curriculum and professional development programs,” said Kent Donges, chief revenue officer for Accelerate Learning. “Through this partnership, our team now provides districts with comprehensive, preventative safety programs to meet the most current professional standards and regulatory requirements while making their STEM programs safer and more successful for all.”
Science Safety’s scalable, cloud-based mobile apps provide exceptional compliance capabilities for Facilities-based Safety Inspections, Student Safety Acknowledgment Forms, and STEM inventory management. Online Science Safety Training gives administrators, educators, and students access to STEM safety learning Pathways and Modules that are role, grade level, and subject matter specific, and can be customized to meet the local jurisdiction’s compliance requirements. Upon completion, learners receive verifiable micro-credentials and certificates. Professional expert safety services include in-person training and inspections, workshops, safety document services, and safety inspection report validations.
“Appropriately documented safety training is an annual requirement for educators in every district. Yet, many schools lack the proper tools, training, and expertise to mitigate the risks and legal liability of delivering highly engaging science and STEM programs,” said James Palcik, CEO of Science Safety. “Science Safety is excited to join forces with Accelerate Learning to elevate safety awareness and help schools build a culture of continuous safety.”
About Accelerate Learning Inc.
Accelerate Learning provides STEM curriculum and professional development solutions that empower teachers, increase scores, and inspire students to become tomorrow’s STEM leaders. Its STEMscopes, Collaborate Science, and Math Nation curricula and resources are highly adaptable, accessible, and support instruction in any learning environment.
About Science Safety Inc.
Science Safety’s mission is to elevate STEM safety awareness in schools and create a fundamental culture of safety that can mitigate unforeseen risks and liabilities.
Corporate Learning Systems
Businesswire | July 25, 2023
PowerSchool ,the leading provider of cloud-based software for K-12 education in North America, today announced a partnership with Samart Telcoms Public Company Limited (PCL) as part of the continued expansion of PowerSchool’s PowerPartner Program. The partnership with Samart Telcoms PCL will support the global expansion of PowerSchool’s channel partner program and deliver PowerSchool Schoology Learning, PowerSchool SIS, and PowerSchool Enrollment to educational institutions in Thailand.
“We’re thrilled to partner with Samart Telcoms PCL to extend PowerSchool’s mission-critical education technology solutions throughout Thailand,” said Tony Kender, Chief Revenue Officer at PowerSchool. “We share an aligned mission of providing educators and students with technology that empowers them to realize their full potential and we are pleased to partner with Samart Telcoms to continue enabling digital transformation in education.”
The Samart Telcoms PCL partnership will focus on supporting educators and the over 10 million students enrolled throughout Thailand with plans to serve more than 100,000 students across Thailand in the next year. Through the partnership educators across the country can access mission-critical tools that are part of PowerSchool’s international localization framework including PowerSchool’s leading learning management system (LMS), Schoology Learning, PowerSchool SIS, and PowerSchool Enrollment to support even more educators, students, and families and help them realize the promise of personalized education.
“At Samart Telcoms we work to deliver differentiated, industry-leading technologies that advance industries,” said Miss Chotika Kamloonwesaruch, Executive Vice President of Samart Telcoms PCL. “We’re proud to partner with PowerSchool to continue expanding innovative education technology solutions in Thailand.” The PowerPartner Program, a global channel partner initiative, leverages PowerSchool’s regional channel partners to support localized marketing, sales, and customer deployment efforts. Currently, PowerSchool channel partners serve customers in The Kingdom of Saudi Arabia, Qatar, Kuwait, Sub-Saharan Africa, Thailand, India, the Philippines, and Uruguay, with plans to rapidly expand the program this year.
PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments and analytics in one unified platform. PowerSchool supports over 50 million students globally and more than 15,000 customers, including more than 90 of the top 100 districts by student enrollment in the United States, and sells solutions in more than 90 countries.
About Samart Telcoms Group
Samart Telcoms Group is committed to offering intelligent digital technology of international standards to support the management in both public and private organizations as well as to upgrade the quality of their services, readily taking part in driving society towards sustainability. Samart Telcoms PCL classifies its business structure into three distinct Business Groups. The Network Solutions Business Group provides both wireless and wireline technologies. The Enhanced Technology Business Group integrates various information and specialized technologies. Lastly, the Business Application Business Group delivers solutions and services related to advanced software applications to enhance customer efficiency. The company upholds the ISO 20000 and ISO 27001 standard for information technology service management, as well as the ISO 9001 standard for service quality control. Moreover, it maintains 30 service centers nationwide to cater to its customers' needs.