Silversmith-backed Absorb Software completed the acquisition of Koantic.

Silversmith Capital-backed Absorb Software, a provider of learning technology tools, completed the acquisition of Koantic, a cloud-based course authoring tool. Financial terms were not disclosed. "We went through an extensive search to find not only the best course authoring tool to complement Absorb LMS, but the best authoring tool, period. Koantic is that product. The Koantic acquisition keeps Absorb moving forward on a path of strong growth and market expansion. It also reinforces our position as a truly all-in-one learning platform at a time when intuitive, powerful tools are a differentiator for businesses," Mike Owens, Absorb Software Founder and CEO.