- Pivot Interactives is Discovery Education’s second acquisition this month, having also acquired DoodleLearning
- Discovery Education serves approximately 4.5 million educators and 45 million students worldwide
- Currently, Clearlake has over $72 billion of assets under management
Discovery Education, which is backed by Clearlake Capital Group, has acquired Minneapolis-based Pivot Interactives, a developer of cloud-based activities and labs for students. No financial terms were disclosed.
Based in Charlotte, North Carolina, Discovery Education is a digital learning platform.
Pivot Interactives is Discovery Education’s second acquisition this month, having also acquired DoodleLearning.
“Discovery Education empowers teachers and inspires students worldwide through digital content delivered on our platform,” said Discovery Education CEO Scott Kinney, in a statement. “Unlike other digital interactives on the market, Pivot Interactives explores concepts using real-life experiments, not animations, allowing teachers to include phenomena-based learning at any stage of the learning cycle. Through our acquisition of Pivot Interactives, Discovery Education is now better positioned to broaden our impact by providing our partner school systems access to phenomena-based, active learning tools.”
Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories.
Clearlake Capital Group was founded in 2006. The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 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, California.