WCAS completed the acquisition of Absorb Software from Silversmith Capital Partners for $500m.

Welsh Carson Anderson & Stowe, a private equity firm, completed the acquisition of Absorb Software, a provider of cloud-based learning management system software, from Silversmith Capital Partners, a Boston-based growth equity firm, for $500m. “Over the past four years, Silversmith has been instrumental in helping our team transition from a founder-led company to a scaled, global enterprise. We are thankful to have had Silversmith as our partner. As the market demand and long-term outlook for best-of-breed eLearning solutions rapidly grows, we look to continue to accelerate our growth and fuel innovation by investing heavily in our world-class SaaS platform," Mike Owens, Absorb's CEO.