Silversmith-backed Absorb Software buys eLogic Learning

Absorb Software has acquired eLogic Learning, a Tampa, Florida-based learning management system (LMS) provider, for an undisclosed amount. The deal follows Absorb's acquisition in May of Lehi, Utah-based LMS provider Torch LMS. Absorb, a Calgary-based learning technology business, said the deal increases its global customers to more than 1,000 and its offices to eight. It expects to make more acquisitions in the coming quarters as it expands beyond organic growth. Absorb is backed by U.S. growth equity firm Silversmith Capital Partners. Two years ago, Silversmith led the company's $59 million financing.

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