Absorb Software acquires eLogic Learning
Absorb Software, provider of the Absorb Learning Management System (LMS) and the newly introduced Absorb Infuse, is acquiring eLogic Learning, an award-winning LMS based in Tampa, Florida.
The eLogic Learning acquisition closely follows the May 2019 Absorb acquisition of Torch LMS, a Utah-based SaaS LMS provider.
The acquisition of eLogic Learning gives Absorb another major leap forward in our growth ambitions and positions the company to use the expanding eLogic global client base to drive Absorb leadership in the international LMS market, as well as enhance the company’s ability to serve customers across multiple industries, said Mike Owens, founder and CEO of Absorb.
eLogic Learning has succeeded by delivering fast, reliable course performance internationally. The company supports more than 5 million monthly users globally.
In addition to its LMS, the eLogic Learning platform also develops custom eLearning content and provides an extensive third-party courseware library.
Building on the success of the eLogic and Torch LMS acquisitions, Absorb anticipates additional acquisitions in the coming quarters as the company expands beyond organic growth.
Absorb is a portfolio company of Silversmith Capital Partners.
For more information about this news, visit www.absorblms.com.