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.
GlobeNewswire | September 14, 2023
Acuity Insights announces that its One45 product now offers a Canvas Alignment Tool, which streamlines the flow of data with Canvas – one of the most widely-used learning management systems (LMS) in higher education. This new tool allows programs to ensure that their curriculum mapping and facilitator reporting are consistent and accurate between the two systems. As a result, it reduces administrative burden, duplication of effort and reporting inconsistencies, ensuring program reporting meets accreditation standards with ease.
This new tool will improve functionality and productivity for health professions programs that use both One45 and Canvas.
"The Canvas Alignment Tool is an exciting addition to our groundbreaking One45 product. This tool combines complex data from diverse systems, delivering an efficient and effective solution for program administrators," says Rich Emrich, CEO of Acuity Insights. "This is yet another step in our strategy to enable program administrators to harness the power of data easily and effortlessly. We offer seamless integrations with leading education technology platforms in higher education. By doing so, administrators can gain valuable insights, ensuring both program and student success, without the hassle of making sense of data from various disconnected systems."
What is One45?
One45 by Acuity Insights is a comprehensive program management solution that allows health professions programs to simplify complex workflows, streamline accreditation, and enhance program assessment.
Streamlined solutions for health professions programs
One45 empowers programs with a dynamic, all-in-one platform that powers scheduling, curriculum management, assessment and evaluation, and MSPE processes with unparalleled flexibility.
Simplified reporting tasks
One45 solves tedious reporting challenges. It fully supports accreditation requirements in assessment, curriculum, clinical experiences, and Student Affairs, while effortlessly meeting day-to-day reporting needs.
The One45 program management solution facilitates easy information sharing, collaboration, and communication among departments and learners alike.
To find out more about the Canvas Alignment Tool, please read our blog post about integrating Canvas with One45.
About Acuity Insights
Acuity Insights is the leading provider of admissions assessment, program management, and analytics solutions for higher education. The company’s solutions help higher education institutions deliver on their mission holistically, considering the whole student, widening pathways into higher education, and ensuring both student and program success. Recognized as one of Deloitte’s Technology Fast 500 companies for 2021 and 2022, Acuity’s solutions are used by over 600 higher education programs worldwide. Its Casper situational judgment test (SJT), taken by more than 150,000 applicants every year, is the most widely used open-response SJT in higher education and is backed by almost 20 years of efficacy research. For more information, visit acuityinsights.com.
Businesswire | July 21, 2023
Age of Learning, leading education technology innovator and creator of the widely popular ABCmouse® Early Learning Academy, and AASA, The School Superintendents Association, today announced a strategic partnership to support district superintendents in identifying and implementing evidence-based solutions that early childhood educators can use to effectively personalize learning in the classroom.
The partnership reflects the commitment of both organizations to prioritize early childhood education initiatives and promote change within districts by facilitating access to best practices and emerging research.
AASA’s Leadership Network, the largest and most diverse network of school district leaders in America, is committed to supporting a pipeline of diverse superintendents and educational leaders as they refine the knowledge, skills, and dispositions for highly effective leadership. To forward this purpose, AASA has established several cohorts, each comprised of current and aspiring superintendents, as platforms for leaders to engage in collaborative professional learning.
Through this new partnership, Age of Learning will work with multiple cohort leaders to recommend research and case studies for possible use in professional learning activities. The company is partnering on AASA’s Early Learning Cohort, Aspiring Superintendents Academy®, and Aspiring Superintendents Academy® for Female Leaders.
“The need for evidence-based solutions for early learners has never been greater,” said Sunil Gunderia, Chief Innovation Officer at Age of Learning. “Through our partnership with AASA, we will work with district leaders to advance evidence-based solutions that support educators with actionable data, and together we will help school leaders and teachers deliver transformative results.”
“Early childhood education is a key driver in ensuring students have long term academic success,” said David R. Schuler, Executive Director, AASA. “Age of Learning’s investment in effective early learning solutions makes it great partner for AASA as we work with district leaders to develop the most effective experiences for young learners.”
This partnership builds on Age of Learning’s ongoing support for schools via its personalized and adaptive programs, My Math Academy® and My Reading Academy™, solutions that are based on well-established principles of learning science research and are supported by a body of ESSA-aligned research demonstrating their effectiveness. To date, the company has received 10 ESSA-aligned validations for My Math Academy and My Reading Academy.
About Age of Learning
Age of Learning® is the leading education technology innovator, creating engaging and effective learning resources to help children build a strong foundation for academic success and a lifelong love of learning. The company’s research-based digital education programs have been developed by an experienced team of education experts and have proven efficacy in increasing children’s learning gains. Age of Learning’s flagship product, ABCmouse.com® Early Learning Academy, is an award-winning comprehensive curriculum for children. The company’s school solutions programs include My Math Academy®, an adaptive, personalized program proven to significantly accelerate math learning outcomes, and My Reading Academy™, an adaptive program designed to help young learners build a foundation for reading comprehension and literacy and become fluent readers. With over 10 billion learning activities completed by more than 50 million children worldwide, Age of Learning is a global leader in efforts to advance equity, access, and opportunity for all children.
AASA, The School Superintendents Association, founded in 1865, is the professional organization for more than 13,000 educational leaders in the United States and throughout the world. AASA’s mission is to support and develop effective school system leaders who are dedicated to equitable access for all students to the highest quality public education.