Industry needs graduates from universities having knowledge and skills to tackle the practical issues of real life software development. To facilitate software engineering students and fulfill industry need, the Department of Information Processing Science, University of Oulu, Finland, built a Software Factory laboratory (SWF) in 2012 based on Lean concept. This study examines factors in the SWF learning environment that affect learning of a SWF course by the students. It employs amended Computer laboratory Environment Inventory (CLEI) and Attitude towards Computers and Computing Courses Questionnaire instrument (ACCC) with two additional constructs: 1) Kanban board 2) Collaborative learning. The general findings indicate that SWF learning environment, collaborative learning and Kanban board play important role in software engineering students learning, academic achievements and professional skills gaining. The findings are helpful to develop a better understanding about learning environments. The information gathered in this study can also be used to improve the software engineering learning environment.