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Discovery Communications Announces Acquisition Of Espresso Education, The Leading Provider Of Primary School Digital Education Content In The U.K.

SILVER SPRING, Md. and LONDON, Nov. 7, 2013 /PRNewswire/ -- Discovery Communications announced today it has acquired Espresso Group Limited, the leading provider of primary school digital education content in the U.K.  Discovery Education, the company's education division and a global leader in providing curriculum-based digital content to classrooms, will oversee the business.  Terms were not disclosed.

(Logo:  http://photos.prnewswire.com/prnh/20131107/PH12718LOGO-a )

(Logo:  http://photos.prnewswire.com/prnh/20120925/PH79777LOGO-b )

(Logo:  http://photos.prnewswire.com/prnh/20131107/PH12718LOGO-b )

The purchase of Espresso Education represents Discovery Communications' first international education-focused acquisition and highlights the company's commitment to providing educators worldwide with quality digital resources, professional development and networking tools to help them accelerate student achievement.

"For more than 10 years, Discovery Education has focused on transforming teaching and learning with the highest quality, standards-based digital content, unparalleled teacher training and the largest professional networking and learning community," said Bill Goodwyn, CEO of Discovery Education.  "Espresso Education's commitment to high standards for content is well matched with Discovery Education's mission, making this the perfect acquisition as we scale our efforts to positively impact student achievement around the world."

In the 16 years since its founding, and as digital education becomes the standard in classrooms around the world, Espresso Education has become a leader in e-learning, transforming the way students learn through a blend of visual media and interactive resources throughout the U.K. market.  Espresso Education has grown to become the U.K. leader in supplemental digital education services and is available in almost 11,500 schools, with brands including Espresso Primary, Clipbank and Channel 4 Learning.  The company specializes in taking educational concepts and applying a "real world" context to support understanding through a combination of video and multimedia resources.  It serves nearly 50 percent of primary schools in the U.K. with its Espresso Primary services.  Espresso Education's growth has been supported by its major shareholders, including the growth capital investor Beringea, ITN and Channel 4.

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