Discovery Education, Inc., ("Discovery Education" or the "Company"), a global edtech company whose digital learning software platform supports educators and improves student achievement, today announced it has entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"). Upon closing of the transaction, Clearlake will become the majority shareholder while Francisco Partners will retain a minority equity stake. Scott Kinney, CEO of Discovery Education, will continue to lead the Company supported by the existing management team. The terms of the transaction were not disclosed.