Absorb Acquires Together Software to Revolutionize Learning Systems

Deal News | Jan 06, 2025 | Welsh, Carson, Anderson & Stowe

Absorb Acquires Together Software to Revolutionize Learning Systems

In a strategic move to enhance its learning management capabilities, Absorb, a portfolio company of Welsh, Carson, Anderson & Stowe (WCAS), has acquired Together Software. This acquisition aligns with Absorb's mission to offer comprehensive learning systems that not only foster employee engagement and drive business productivity but also integrate mentorship into the core of its platform. Absorb's AI-powered LMS and Together's expertise in mentorship solutions create a robust ecosystem that addresses workforce development through innovative and structured learning methods. The move is celebrated by Jennifer Ding of WCAS as critical to meeting the challenges of today's evolving workforce, providing impactful and engaging learning solutions. As a result, Absorb is poised to set new standards in strategic learning systems, elevating HR and learning metrics industry-wide.

Sectors

  • Technology & Software
  • Education & Training

Geography

  • United States – Absorb is a portfolio company of the US-based private equity firm Welsh, Carson, Anderson & Stowe.
  • Canada – Together Software, the acquisition target, is based in Toronto, Canada.

Industry

  • Technology & Software – The acquisition involves companies offering technology-driven solutions, such as AI-powered learning management systems and mentorship platforms.
  • Education & Training – Absorb and Together Software focus on enhancing learning experiences and workforce development through strategic learning solutions.

Financials

    Participants

    NameRoleTypeDescription
    Welsh, Carson, Anderson & StowePrivate Equity FirmCompanyA leading private equity firm specializing in technology and healthcare.
    AbsorbAcquirerCompanyAI-powered learning management system provider, part of WCAS's portfolio.
    Together SoftwareTargetCompanyToronto-based leader in mentorship and peer-to-peer learning solutions.
    Kimberly WilliamsCEO of AbsorbPersonSpokesperson from Absorb, discussing the strategic nature of acquisition.
    Jennifer DingGeneral Partner at WCASPersonProvided insights on the strategic importance of the acquisition for Absorb.