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.
Business Wire | October 10, 2023
Watermark, a leading provider of software solutions for higher education, proudly unveils the Educational Impact Suite (EIS), a comprehensive and interconnected suite of tools that unifies organizational leadership, student success, and continuous improvement, serving as an institution's internal compass. Grounded in the ethos of Education Impact, the EIS will revolutionize operational strategies for leaders, administrators, and faculty to maximize engagement, impact, and institutional storytelling.
While technological advancements have historically moved slowly in higher education, recent years have seen an unprecedented boom in education technology, forging an inescapable tension between tradition and innovation. The challenges of pandemic learning exemplified this, thrusting educational institutions into uncharted territories as they scrambled to facilitate remote learning amidst a global crisis. The urgency to adapt often overshadows strategic foresight, leading to disjointed and fragmented solutions. EIS seeks to transform institutions' overarching challenges into opportunities to adapt and evolve.
“Higher education is at a pivotal juncture, where the fusion of tradition and innovation is essential,” said Erin Shy, CEO of Watermark. “The Educational Impact Suite is the bridge that connects data with process. That bridge simplifies internal operations to provide a clearer view for faculty, staff, and leaders. With this clarity, we're facilitating learning environments where insights drive action, ensuring that institutions' strategies are as impactful as they are intentional.”
Digital sprawl leads institutions to spend most of their time collecting data rather than understanding it. By connecting all of Watermark’s solutions together and establishing strong integrations with top LMS and SIS systems, the EIS breaks down data silos to help institutions uncover actionable insights. At launch, the EIS is focused on:
Comprehensive Integration & Efficiency: The EIS encompasses a range of tools, each honed to deliver distinct insights and optimize workflows. When harnessed collectively, institutions unlock exponential value, break down data silos, and bolster cross-functional coordination to amplify their impact.
Data-Driven Insights in Context: With EIS, analytics are not just numbers on a screen. They're carefully curated, placed in the context of daily workflows, and designed to highlight areas for improvement, thereby supporting institutional effectiveness and student success. This distinguishes EIS from all point solutions in the market.
Student-Centric Vision: From curriculum development to course performance assessment and faculty impact analysis, the student's experience remains at the forefront. EIS is built with the institution's influence on the student journey as its core focus.
"The confluence of insights and impact becomes the backbone of transformation,” said Alex Leader, Chief Impact Officer at Watermark. “When insights are not just gleaned but acted upon, they become the very footprints of impact. By meticulously curating and connecting data across an institution, the EIS will build connective tissue between Institutional Effectiveness and Student Success teams to drive support structures that are informed and holistic. This ensures that every initiative contributes to an institution's lasting impact on its students and empowers that legacy to be meaningfully communicated.”
For more information about the Watermark EIS, visit www.watermarkinsights.com/solutions.
Watermark gives higher education institutions the tools they need to easily track, manage, and examine their data. For over twenty years, colleges and universities have used Watermark solutions to complete assessment and accreditation requirements, capture and analyze student feedback, showcase faculty accomplishments, and improve student engagement. Watermark's Educational Impact Suite (EIS) puts data into context so faculty and staff can focus on what really matters: institutional and student success. Learn why Watermark is trusted by over 1,700 colleges and universities to support continuous improvement at www.watermarkinsights.com.
Corporate Learning Systems
Business Wire | October 03, 2023
SkyHive®, the recognized leader in generative AI applications for companies and governments on their reskilling journey to build capable and future-proof workforces, today announced that its real-time labor market data is partnering with Fuse, the SaaS-based AI-powered learning experience and management (LXP/LMS) platform for workflow learning.
SkyHive ingests 24TB of raw data daily from over 180 countries, which spans job types, skills, salary, and labor economics. Using SkyHive’s data, Fuse can map customers’ skill gaps to learning opportunities to deliver more personalized experiences that allow organizations to reskill and help individuals achieve their desired career goals.
“We’re thrilled that Fuse will be taking advantage of SkyHive’s unique insights,” says SkyHive Founder and CEO Sean Hinton. “Both our companies are committed to reskilling, and Fuse getting this level of skills insights is a natural fit.”
Fuse is a recognized leader in learning and development transformation for businesses on a global scale, partnering with a diverse range of global brands, including Panasonic, Mazda, Avon, IHG, Dropbox, and others. Through its AI powered platform, it fosters a dynamic learning culture that encourages everyday learning moments, while seamlessly integrating learning, knowledge, and communication directly into the workflow. This integration allows organizations to enhance workforce capabilities, keeping teams consistently updated with the latest learning and knowledge, enabling them to complete tasks efficiently.
"By combining SkyHive's powerful skills platform with Fuse's expertise in learning, we are creating a comprehensive solution that transforms skills mapping, personalized learning, and career development,” says Steve Dineen, CEO of Fuse Universal. “This partnership enriches the learning experience, helps bridge skills gaps effectively, and provides our customers with a more data-driven approach to skills development and career advancement."
SkyHive is learning-platform agnostic and can integrate into platforms like Fuse that are interested in advanced, AI-driven learning experiences. Learn more about Fuse and SkyHive’s partnership during the October 3 webinar.
SkyHive is a Certified B Corporation and generative artificial intelligence software company that rapidly reskills companies and communities worldwide. SkyHive is recognized as a top AI innovator by Forbes, and a World Economic Forum Global Innovator.
Gartner named SkyHive a "Cool Vendor" in HCM and in its 2023 "Hype Cycle" reports for HR Technology, Talent Acquisition Technology, and Workforce Transformation.
Leading enterprises and innovative government organizations use SkyHive’s cloud-based applications, Human Capital Operating System™, and SkyHive’s Quantum Labor Analysis® to power the future of work at its most granular level: skills. In addition, SkyHive has been recognized by the World Economic Forum, GPAI, RAII, and others for leading efforts in ethical AI and its positive impact on labor economies worldwide. For more information, visit www.skyhive.ai.
Fuse started with fuseSchool, a charitable foundation started by Steve Dineen that empowers millions of learners around the globe by giving them access to a world-class education for free-anytime, anywhere. It currently has more than 10 million learners with a goal of 100 million in 2023.