New York, New York, January 6th, 2024 – Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm specializing in technology and healthcare, announces today that its portfolio company, Absorb, has acquired Together Software, a Toronto-based leader in mentorship and peer-to-peer learning solutions. This acquisition furthers Absorb’s mission to empower learners and organizations through strategic learning systems that drive measurable business impact, offering a scalable platform that inspires learning and fuels business productivity.
Together Software brings a proven track record of facilitating impactful mentorship programs that address critical gaps in employee engagement, onboarding, and professional development. By integrating Together’s innovative platform with Absorb’s AI-powered LMS, the acquisition delivers a comprehensive approach to workforce development, connecting structured learning with collaborative peer and mentor-based learner growth.
“This transformative acquisition positions us as the first learning technology provider to integrate mentoring into its product ecosystem, advancing our vision of Strategic Learning Systems (SLS) and laying the foundation for a unified approach to learning.” Said Kimberly Williams, Absorb’s CEO. “Most importantly, it will empower our customers to create deeper learning experiences, engage and inspire their learners, and drive meaningful productivity gains and measurable business impact. We’re confident that this unified approach to learning will elevate individual growth and boost key HR and L&D metrics, delivering a true culture of learning.”
Jennifer Ding, General Partner at WCAS, added, “Absorb leverages its AI-powered platform to set a new standard in learning technology. The addition of Together Software enhances Absorb’s ability to provide innovative and impactful solutions that meet the evolving needs of today’s workforce, driving engagement, productivity, and meaningful business outcomes. This acquisition is a key step in building a unified learning ecosystem that drives impact and enhances employee engagement.”
About Together Software
Together provides the best corporate mentorship management platform. Our mentorship platform makes it easy to implement and administer a best practice mentorship program. The platform manages the entire mentorship lifecycle from registration to reporting. It’s more than just a smart pairing algorithm; it actively supports the mentorship process and encourages both mentors and mentees to adopt best practices. Together’s platform is backed by deep research to help ensure you get a best-practice mentorship program that drives results in employee retention and productivity.
About Absorb LMS
Absorb Software is an AI-powered learning management system (LMS) provider. Absorb LMS is purpose-built for an engaging, personalized learner experience and efficient administration that enables millions of employees, customers, partners, and members to discover, absorb, and apply the knowledge they need. From meeting compliance to motivating learners, up-skilling/re-skilling, and creating/curating to monetizing course content, the platform unlocks potential.
About WCAS
Welsh, Carson, Anderson & Stowe (WCAS) is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives, and strategic acquisitions. The firm has raised and managed funds totaling over $33 billion of committed capital. For more information, please visit www.wcas.com.
