Ed Tech Industry
Discovery Education to Acquire DreamBox Learning
Discovery Education reported today that it will acquire ed tech company DreamBox Learning, the maker of DreamBox Math and DreamBox Reading. Its tools are in use by some 600,000 educators and 6 million students, according to the companies.
The acquisition for DreamBox follows several others in the last few years, including Mystery Science, Pivot Interactives, DoodleLearning. Discovery noted that the acquisition of DreamBox will advance the company'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."
"Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading ed tech solutions to our growing family of services," said Discovery Education CEO Jeremy Cowdrey, in a prepared statement. "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."
How will the acquisition impact current customers? According to the companies: "In the short term, DreamBox Learning customers will see no change to their service. Long term, DreamBox Learning partners (and Discovery Education partners) will begin to see enhancements to their services that will increase their capacity to connect classroom learning to the outside world, and we will continue to provide our school-based partners best-in-class support and service." A company representative also told us the DreamBox brand will be continuing within the Discovery Education family of services after the close of the deal.
The acquisition is expected to be completed by the end of this year.