Absorb Software Acquires Koantic, a Cloud-Based Content Authoring Solution
Latest Acquisition Reinforces Position as the Most Holistic Learning Platform in the Industry
Absorb Software, provider of the Absorb Learning Management System (LMS) and Absorb Infuse, announced the acquisition of Koantic, a cloud-based course authoring tool.
The demand for engaging, interactive eLearning content that can be created quickly continues to grow. Unlike complicated desktop solutions from legacy vendors—or overly simplified cloud-based solutions—Koantic’s unique combination of an intuitive, web-based interface and full-featured course authoring meets the needs and expectations of today’s market.
“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,” said Mike Owens, founder and CEO of Absorb Software. “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.”
Absorb plans to integrate the course builder with its LMS while continuing to offer it as stand-alone product—which will soon be renamed Absorb Create.
“The current course authoring market includes many complex legacy tools that are expensive and difficult to use,” said Romain Gagnon, CEO of Koantic. “Our customers love that Koantic is a powerful, yet easy-to-use tool that ‘works like my brain does.’ In that sense, Absorb and Koantic complement each other perfectly. They’re both intuitive, best-in-class solutions on their own, and together, they offer the best end-to-end eLearning platform on the market.”
Koantic is the fourth eLearning company acquired by Absorb since 2019, following the Torch LMS, eLogic Learning and ePath Learning acquisitions last year.
Absorb Software is a portfolio company of Silversmith Capital Partners. Dentons Canada LLP and Choate Hall & Stewart served as legal counsel to Absorb Software.
Recommended AI News: Ness Digital Engineering and Snowflake Expand Partnership