DreamBox Learning and Florida Virtual School Form Alliance to Deliver Personalized and Adaptive Learning to Thousands of Elementary Students

Amended Florida Legislation Paves Way for Online and Blended Learning Models to Assist in Elementary Math Instruction

BELLEVUE, Wash., October 22, 2012 – DreamBox Learning® (www.dreambox.com), the leading intelligent adaptive learning™ company, today announced that it has formed a strategic alliance with Florida Virtual School® (FLVS®) (www.flvs.com) to deliver more personalized learning experiences to Florida elementary students with its award-winning adaptive learning technology and mathematics curriculum. Through the agreement, FLVS is the first virtual institution to provide elementary teachers and students access to the DreamBox Learning Math program as part of an online or blended learning environment. The collaboration follows the State of Florida’s decision to amend legislation to allow students in grades Kindergarten-5 to have access to part-time online grade level coursework through FLVS.

“We’re thrilled to join forces with FLVS to provide highly effective intelligent adaptive learning technology to serve its vast and growing student population,” said Jessie Woolley-Wilson, President and CEO of DreamBox Learning. “We share a great deal of synergy as it relates to our collective vision to transform how students learn by providing superior individualized instruction in a digital learning environment that engages students through the use of gaming protocols designed to motivate every student forward in their learning journey. This alliance, which brings together the market leading learning technology and the nation’s largest virtual school provider, promises to have an enormously positive impact on elementary math proficiency in Florida and beyond.”

“DreamBox Learning goes to the core of our mission, which is to provide high quality, technology-based, individualized education to every student so they may academically thrive and succeed,” said Julie Young, President and CEO of Florida Virtual School. “This alliance provides Florida teachers and students with access to DreamBox Learning Math to help build a strong foundational understanding of elementary mathematics within a robust online blended learning environment.”

FLVS is an award-winning, public school district in the state of Florida and serves students in all 67 Florida districts, 49 states, and 57 countries. Founded in 1997, FLVS was the country’s first and is currently the largest online public school in the U.S. It served more than 148,000 students across all grade levels in the 2011-12 school year.

In addition to FLVS, DreamBox Learning is currently used in classrooms throughout the U.S., where students have logged on and completed more than 50 million minutes of mathematics lessons in the past year.

About Florida Virtual School:

Florida Virtual School (FLVS) is an established leader in developing and providing virtual Kindergarten-12 education solutions to students all over Florida, the United States and the world. A nationally recognized e-Learning model and recipient of numerous awards, FLVS was founded in 1997 and was the country’s first, state-wide Internet-based public high school. Today, FLVS serves students in grades Kindergarten-12 and provides a variety of custom solutions for schools and districts to meet student needs. For more information on FLVS, visit www.flvs.net.

About DreamBox Learning:

DreamBox Learning was founded in 2006 in Bellevue, Washington and launched its first online learning product in January 2009. The platform has won more than 20 top education and technology industry awards and is in use in all 50 states. DreamBox Learning Math offers a groundbreaking combination of intelligent adaptive learning, rigorous elementary mathematics curriculum, and motivating learning environment. The innovative DreamBox platform captures every decision a student makes while working in the program and adjusts the student’s learning path appropriately, providing millions of individualized learning paths, each one tailored to a student’s unique needs.

DreamBox Learning closed its Series A round of funding in December 2011 led by private investors Reed Hastings, John Doerr and Deborah Quazzo, as well as GSV Capital Corp. (NASDAQ: GSVC).

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