- June 30, 2021
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Financial terms of the acquisition were not disclosed. About Absorb Software About Silversmith Capital Partners Press Contacts WCAS ABSORB SILVERSMITH . About Absorb Software. Absorb Software was a portfolio company of Silversmith's inaugural 2015 fund. Absorb is a portfolio company of Silversmith Capital Partners. Silversmith served at the first institutional investor in 2017 when it led a $59 million investment to fuel the next phase of the Company's growth. Low Miles!-24k2. Silversmith Capital Partners has led a $59 million growth investment in Absorb Software, a provider of cloud-based learning and performance management software for the corporate, higher education and government sectors.Founded in 2003, the company serves 600 clients and has grown its workforce to about 140 employees. Brandon Hall Group is a research and analyst firm, with more than 10,000 clients globally and 25 years of delivering research-based solutions that empower excellence in organizations around the world through our research and tools each and every day. Welsh, Carson, Anderson & Stowe to Acquire Absorb Software from Silversmith Capital Partners. About Absorb Software. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with subsidiaries in England, Ireland, Australia, China and the United States. CALGARY, Alberta-- (BUSINESS WIRE)--Absorb Software Inc., a leading provider of cloud-based learning and performance management software for ⦠CALGARY, ALBERTA (September 6, 2017) â Absorb Software Inc., a leading provider of cloud-based learning and performance management software for corporations and higher education institutions, announced that it has secured a $59 million investment led by Silversmith Capital Partners, a Boston-based growth equity firm. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with global offices in London, Dublin, Shanghai, Sydney, Boston, Tampa and Salt Lake City. Lightning Partners acted as exclusive financial and strategic advisor to eLogic Learning on the transaction. Absorb Software was a portfolio company of Silversmithâs inaugural 2015 fund. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with subsidiaries in England, Ireland, Australia, China and the United States. Absorb Software, a Canadian provider of education software for the business, government and education sectors, has acquired ePath Learning, a Connecticut-based provider of education software. absorb . Choate Hall & Stewart served as legal counsel to Absorb Software. Read full article. The sale achieved a greater than $500 million enterprise valuation for Absorb, which will continue to be led by CEO Mike Owens, as well as the current tenured team of senior leaders. In 2017, Absorb Software completed a $59 million growth/recap investment from Silversmith Capital Partners, a Boston based growth equity firm. The Sale of Absorb Software. n. One that makes, repairs, or replates articles of silver. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with subsidiaries in England, Ireland, Australia, China and the United States. Choate Hall & Stewart served as legal counsel to Absorb Software. Sales & Marketing Software. Absorb ⦠Silversmith Capital -backed learning technology provider Absorb Software is up for sale, sources familiar with the process told PE Hub. An entrepreneur at heart, I bootstrapped a SAAS business for the first 14 years. See insights on Absorb Software including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. My co-founder and I wanted to take the next step towards taking on outside investment, but we found that our personal objectives in doing so differed. Absorb Software Acquires Koantic. About Absorb Software. Absorb Software is a portfolio company of Silversmith Capital Partners. Sep 2020 - Present7 months. This Jaguar XK Convertible dons a beautiful Silver Exterior with a Black Leather Interior with Wood-Trim, making this Jaguar a must have.Notable Amenities and Features:1. On August 7, 2019, Absorb Software Inc., a portfolio company of Silversmith Capital Partners, announced the acquisition of eLogic Learning. Choate Hall & Stewart served as legal counsel to Absorb Software. Sr. CPE News (8/18/2020) â Absorb Software, a portfolio company of Silversmith Capital Partners, has acquired Koantic Inc. Financial terms were not disclosed. NAVIGATION System($$)3. Calgary edtech Absorb Software is set to be acquired by New Yorkâs Welsh, Carson, Anderson & Stowe (WCAS), in a deal that is said to value Absorb at over $500 million USD. More. Absorb Software, a portfolio company of Silversmith Capital Partners, executed the acquisition of Koantic, a cloud-based course authoring tool. Absorb plans to integrate the course builder with its Absorb Learning Management System while continuing to offer it as stand-alone product which will soon be renamed Absorb Create. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with subsidiaries in England, Ireland, Australia, China and the United States. silversmith synonyms, silversmith pronunciation, silversmith translation, English dictionary definition of silversmith. Calgaryâs Absorb Software has been sold to a U.S. private-equity firm in a deal valuing the company at more than US$500-million, the latest transaction in the surging local tech sector to bring some good news to the blighted oil-patch capital. Absorbâs flagship product, Absorb LMS, is an industry leading and award-winning learning management system for businesses, higher education, and government / non-profit agencies around the world. About Absorb Software Absorb Software. Powering optimal customer experiences for businesses of all shapes and sizes. Absorb Software snags $59 mln in Silversmith-led financing Absorb Software. Welsh, Carson, Anderson & Stowe to Acquire Absorb Software from Silversmith Capital Partners. Absorb and Silversmith were advised by Shea & Company and Choate Hall & Stewart LLP. SaaS & Information Services. Like Absorb Software. The sale achieves a greater than $500 million enterprise valuation for the Company. Absorb Software Inc., a provider of cloud-based learning and performance management software for corporations and higher education institutions, has complete a $59 million investment led by Silversmith Capital Partners, a Boston-based growth equity firm. For more information, please visit www.absorblms.com. Choate Hall & Stewart served as legal counsel to Absorb Software. Absorb is a portfolio company of Silversmith Capital Partners. Choate Hall & Stewart served as legal counsel to Absorb Software. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with global offices in London, Dublin, Shanghai, Sydney, Boston, Tampa and Salt Lake City. Calling all #datascientists across Canada! Absorb Software Acquires eLogic Learning to Drive Leadership Position in LMS Market. Absorb Software is a learning technology company based in Calgary, Alberta, Canada, with global offices in London, Dublin, Shanghai, Sydney, Boston, and Tampa. The AP news staff was not involved in its creation. Press release content from Business Wire. synopsis: Green Street Advisors, the premier provider of research, advisory and analytics to the commercial real estate industry, will acquire four leading publications that serve the commercial real estate and financial industries -- Real Estate Alert, Commercial Mortgage Alert, Hedge Fund Alert, and Asset-Backed Alert â from Harrison Scott Publications. Absorb Software, maker of Absorb Learning Management System (LMS) has successfully completed its AICPA System and Organization Controls (SOC) 2 Type 2 ... About Silversmith ⦠Absorb is a portfolio company of Silversmith Capital Partners. Calgary, Alberta (September 6, 2017) â Absorb Software Inc., a leading provider of cloud-based learning and performance management software for corporations and higher education institutions, announced that it has secured a $59 million investment led by Silversmith ⦠Financial terms of the acquisition were not disclosed. Dentons Canada LLP and Choate Hall & ⦠Absorb Software attracts $59 mln Funding. Silversmith Capital Partners Announces Sale of Absorb Software. The Calgary-based tech firm posted a âmilestoneâ annual recurring revenue of $50 million in the fiscal year, while its global enterprise customer base expanded by over 167 per cent year-over-year (YoY). Calgary edtech Absorb Software is set to be acquired by New Yorkâs Welsh, Carson, Anderson & Stowe (WCAS), in a deal that is said to value Absorb at over $630 million CAD ($500 million USD). Back in January this year, Absorb announced that it saw a ârecord company growthâ in 2020. Absorb Software is a learning technology company based in Calgary, Alberta, with global offices in London, Dublin, Shanghai, Sydney, Boston, Tampa and Salt Lake City. CPE News (4/20/2021) â Welsh, Carson, Anderson & Stowe (WCAS) has entered into a definitive agreement to acquire Absorb Software from Silversmith Capital Partners. Financial terms were not disclosed. The investment values Absorb Software over US $500 million. Financial terms of the acquisition were not disclosed. 06 Sep 2017. Absorb LMS is a learning management system. Absorb Software's latest funding round in September 2017 was reported to be $59 m. In total, Absorb Software has raised $59 m. Dentons Canada LLP and Choate Hall & Stewart served as legal counsel to Absorb Software.. About Absorb Software. Realized. Absorb Software is a portfolio company of Silversmith Capital Partners. Absorb Software is a learning technology company based in Calgary, Alberta Canada, with global offices in London, Dublin, Shanghai, Sydney, Boston, Tampa and Salt Lake City. /PRNewswire/ -- Welsh, Carson, Anderson & Stowe ("WCAS") has entered into a definitive agreement to acquire Absorb Software ("Absorb⦠Choate Hall & Stewart served as legal counsel to Absorb Software. Thank you Silversmith Capital Partners! Absorb Softwareâs Financials. Absorb is a portfolio company of Silversmith Capital Partners. Absorb Software is a portfolio company of Silversmith Capital Partners. Absorb Software has 256 employees across 7 locations and $59 m in total funding,. absorb . Funds for the investment will be used in part to develop the ⦠Financial terms of the acquisition were not disclosed. About Absorb Software Calgary, AB, Canada. Founder & CEO Mike Owens, along with other members of management team, will remain significant Absorb Software is a learning technology company based in Calgary, Alberta Canada, with subsidiaries in England, Ireland, Australia, China and the United States. ### About Absorb Software. Liked by Fred Pinkett. Choate Hall & Stewart served as legal counsel to Absorb Software. Financial terms of the acquisition were not disclosed. Silversmith Capital Partners Announces Sale of Absorb Software Business Wire Silversmith Capital Partners Announces Sale Absorb European stocks slip and U.S. equity futures pause as Fed fallout continues - MarketWatch About Absorb Software. Silversmith Capital Partners (âSilversmithâ) is pleased to announce that the acquisition of Absorb Software (âAbsorb,â or the âCompanyâ) by Welsh, Carson, Anderson & Stowe (WCAS) has closed. Lightning Partners acted as exclusive financial and strategic advisor to eLogic Learning on the transaction. Since getting our first investment I've acquired and integrated 4 companies into the Absorb family in the last 4 years. PE HUB. New artificial intelligence capabilities create greater efficiencies for LMS administrators and connect learners to more contentCALGARY, AB, March 23, 2021 /CNW/ -- Absorb Software, provider of the Absorb Learning Management System (LMS), Absorb Infuse and Absorb Create, today announced the release of a new suite of artificial intelligence tools named Absorb IntelligenceTM. Our vision is to inspire a better workplace experience. Absorb Software was a portfolio company of Silversmith's inaugural 2015 fund. About Absorb Software Absorb Software is a portfolio company of Silversmith Capital Partners. Absorb Software Profile Absorb Software, a portfolio company of Silversmith Capital partners, is a leading cloud-based learning technology company Absorb LMS, the companyâs flagship product, is an industry-leading and award-winning Learning Management System trusted by organizations around the world; the companyâs line of results-driven LMS products also include Absorb ⦠Welsh Carson Anderson & Stowe has agreed to buy cloud-based learning and performance management software provider Absorb Software from Silversmith Capital Partners at ⦠Welsh, Carson, Anderson & Stowe (WCAS) will be acquiring Absorb Software to accelerate organic growth, fuel product innovation and drive expansion through the entire organization. BOSTON-- (BUSINESS WIRE)--Silversmith Capital Partners (âSilversmithâ) is pleased to announce that the acquisition of Absorb Software (âAbsorb,â or the âCompanyâ) by Welsh, Carson, Anderson & Stowe (WCAS) has closed.
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