Absorb Software snags $59 mln in Silversmith-led financing
Absorb Software Inc, a Calgary provider of cloud-based learning and performance management software, has secured $59 million in funding. The investment was led by Silversmith Capital Partners, a U.S. growth equity firm. Founded in 2002, Absorb currently serves more than 2.5 million learners each month across 600 global customers. Led by President and CEO Mike Owens, an Absorb co-founder, the company plans to use the deal's proceeds to further develop its flagship product, Absorb LMS, a learning management system for businesses, higher-education institutions, and government and non-profit agencies, and expand its geographic footprint.
6 September 2017•3 mins read
