Absorb Software Strengths, Domain Expertise, and Key Differentiators
Absorb Software specializes in cloud-based learning and performance management software tailored for corporate and higher education sectors. Its flagship offering, the Absorb Learning Management System (LMS), distinguishes itself with an intuitive interface and extensive customization options to align with specific brand requirements. Offering robust administrative, course building, and reporting capabilities, Absorb LMS stands as a premier choice for businesses, higher education institutions, government entities, and non-profit organizations worldwide.
Absorb Software Recent Developments
In December 2020, Absorb Software launched Absorb Create, its latest course authoring tool. This user-friendly platform streamlines the eLearning content creation process, empowering users to develop captivating courses effortlessly. With intuitive features including templates, conditional branching, interactive elements, and gamification options, organizations can efficiently generate and refine high-caliber eLearning content, fostering business adaptability and robustness.
In December 2019, Absorb Software unveiled advanced machine learning (ML) features integrated into its platform. This innovative ML technology offers intelligent, context-driven search functionalities, facilitating swift and efficient access to pertinent information for learners.
In April 2019, Absorb Software, renowned for its Absorb Learning Management System (LMS), has unveiled Absorb Infuse, a learning solution aimed at enabling clients to seamlessly integrate contextual learning experiences into their workflow. This strategic move signifies Absorb's proactive stance in spearheading the learning in the flow trend, further bolstering its growth trajectory subsequent to the strategic backing by Silversmith Capital.
Absorb Software Mergers and acquisitions (M&A) Activities
In April 2021, Welsh, Carson, Anderson & Stowe (WCAS) completed the acquisition of Absorb Software from Silversmith Capital Partners, valuing the Calgary-based software company at over US$500 million. Mike Owens, Founder and CEO of Absorb, alongside other members of management, will retain significant ownership in the company.
In August 2020, Absorb Software finalized the acquisition of Koantic, a cloud-based course authoring tool. Absorb intends to integrate this course builder into its LMS while maintaining its availability as a standalone product, to be rebranded as Absorb Create.
In August 2019, Absorb acquired eLogic Learning, a Tampa-based LMS provider known for its robust course performance globally. With over 5 million monthly users worldwide, eLogic Learning offers both an LMS and custom eLearning content development services, along with access to a vast third-party courseware library.
In May 2019, Absorb Software completed the acquisition of Torch LMS, a SaaS LMS provider headquartered in Utah. This strategic move marks Absorb's inaugural acquisition, signaling its intent to pursue additional strategic acquisitions as part of its expansion strategy beyond organic growth. This trajectory is further supported by Absorb's strategic investment from Silversmith Capital Partners.
Absorb Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Absorb Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Absorb Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Absorb LMS, Absorb Infuse, Absorb Engage, Absorb Inform, Absorb Quick Start, customers.
Absorb Software Overview
Ownership: - Welsh, Carson, Anderson & Stowe
Number of Employees: 300
Functional Market: Onboarding, Performance Management, Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Absorb Software Key Cloud and HCM Applications
Absorb LMS, Absorb Infuse, Absorb Engage, Absorb Inform, Absorb Quick Start,
Absorb Software HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Absorb Software Revenue Breakdown by Type:
Absorb Software HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Absorb Software HCM Applications Revenues By Verticals, $M:
Absorb Software Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Absorb Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Absorb Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Absorb Software Customers
No. of Absorb Software Customers: 1700+
No. of Absorb Software HCM Applications Customers: 1700+
No. of Absorb Software Cloud HCM Customers: 1700+
No. of Absorb Software Cloud HCM Subscribers: 28 million
Absorb Software boasts a clientele of 1,700 companies and serves 28 million users spanning 34 countries. Notable clients include A&W Canada, Social Fingerprint, LLC, GAP, Johnson & Johnson, Dale Carnegie, Swarovski, AdRoll, Benefitfocus, Donsson Innovation Group, among others.
Absorb Software Market Opportunities, M&A and Geo Expansions
In 2020, Absorb reached $50 million in annual recurring revenue, expanded its global enterprise customer base by over 167% year-over-year, experienced substantial growth in new sales and clientele, and introduced the industry's sole comprehensive eLearning platform for enterprises. The customer roster expanded to 1,700 companies across 34 countries, with a remarkable 525% growth in regions beyond North America.
In March 2021, Absorb Software launched Absorb Intelligence, a comprehensive suite of Artificial Intelligence tools. Leveraging machine learning, natural language processing, automation, and optimization algorithms, these tools enhance the learner experience and streamline LMS administration for increased efficiency.
In February 2020, Absorb Software relocated its corporate headquarters to accommodate rapid growth. The company secured a multi-year lease for 80,000 square feet (7,430 square meters) of office space in a newly constructed 60-story tower.
In December 2019, Absorb Software finalized its acquisition of ePath Learning, a prominent cloud-based learning technology firm based in Connecticut. This transaction represents Absorb's third acquisition of the year, underscoring the company's assertive growth trajectory heading into 2020.
Absorb Software Risks and Challenges
Diversifying beyond the LMS market poses a significant challenge for Absorb.
Absorb Software Ecosystem, Partners, Resellers and SI
In August 2021, Code Ninjas, the world's largest and fastest-growing kids coding franchise, partnered with Absorb Software to enhance support for their franchisees.
Absorb's integration partners include ADP, BambooHR, Salesforce, Namely, Zoom, and LinkedIn Learning.
Absorb Software Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Absorb Software Public Cloud and Infrastructure (IaaS)
- Absorb Software Platform (PaaS)
- Absorb Software Application Delivery
- Absorb Software Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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