Absorb LMS, a product of Absorb Software Inc., is a leading learning management system (LMS) designed to deliver effective training and education solutions. Headquartered in Calgary, Alberta, Canada, the company has a global presence with offices in London, Dublin, Shanghai, Sydney, Boston, Tampa, and Salt Lake City. Absorb LMS is known for its user-friendly interface, powerful features, and scalability, making it suitable for businesses of all sizes across various industries.
Absorb Software was founded in 2003. Over nearly two decades, it has grown significantly, serving over 1,700 customers worldwide. Key milestones in its growth include the acquisition by Silversmith Capital Partners in 2017 and later by Welsh, Carson, Anderson & Stowe (WCAS) in 2021, which valued the company at over $500 million. The company achieved $50 million in annual recurring revenue by 2020, reflecting its robust growth trajectory.
Absorb Software has raised $59 million over two funding rounds. The most recent funding round was an acquisition financing by WCAS in April 2021, which valued the company at over $500 million. The initial growth equity investment by Silversmith Capital Partners in 2017 played a crucial role in accelerating the company's expansion.
Koantic: Acquired in 2020, integrated as Absorb Create, a cloud-based course authoring tool.
These acquisitions have allowed Absorb to offer a more holistic and end-to-end LMS solution, further strengthening its market position.
Absorb Software emphasizes a culture of continuous learning and innovation. The company is committed to thoughtful design and elegant engineering, aiming to empower learners and help organizations thrive. Absorb's mission is to enable learners to access and apply knowledge when they need it, fostering a culture of learning that drives business success.
Absorb LMS serves a diverse user base across multiple industries, including healthcare, finance, technology, manufacturing, and retail. The platform supports over 23.5 million users globally, with a strong presence in North America and significant growth in other regions. The company has a dedicated customer success team and offers extensive support resources, including a knowledge base and online community.
