Welsh, Carson, Anderson & Stowe Completes Acquisition Of Absorb Software


Welsh, Carson, Anderson & Stowe, a leading technology-focused private equity firm, has closed its previously announced transaction to acquire Absorb Software (“Absorb”), an industry-leading provider of cloud-based learning and performance management software. Absorb has appointed new members to the Board of Directors (“Board”) to lead vision for its next phase of growth.

HR Technology News: Croatia Yacht Management Crew Recruitment Training Technical Service Launched

The organization will continue to be led by Mike Owens, CEO, as well as the current tenured team of senior leaders. Former WCAS Operating Partner, ADP senior executive and CEO of Frontline Education, Tim Clifford will serve as Executive Chairman with Mike Owens, Kimberly Williams, Mike Donovan, Ryan Harper and Jennifer Ding serving as members of the Board.

Tim Clifford brings over 30 years of human capital management and education technology leadership experience to Absorb. Tim was most recently a WCAS Operating Partner and President and CEO of Frontline Education, a leader in school administration software. Previously, he was a senior executive at Automatic Data Processing (“ADP”) and the Co-Founder and CEO of Workscape, one of the first web-based HR software providers, which was ultimately acquired by ADP. He received his Bachelor of Science from Northeastern University.

HR Technology News: True Receives Triple Recognition By Inc. Magazine, Hunt Scanlon, And Forbes

Kimberly Williams brings over 20 years of senior leadership experience across a variety of technology companies to Absorb. Kimberly is currently the Chairperson of the Board and CEO for Intoxalock and a Board Member for TrueCommerce. Prior to Intoxalock, Kimberly served as the COO of Retrofit and led the McDonalds subsidiaries Restaurant Technology Services and Application Development International. After completing her M.B.A from University of Chicago, Booth, she worked for Boston Consulting Group as a Strategy Consultant and Team Lead. She received her B.B.A. from the University of Michigan.

Mike Owens, Absorb’s Chief Executive Officer, said, “The investment from WCAS and partnership with our new appointed board members will enable Absorb to hit new heights as they lead us through this next phase of growth. We are thrilled to be guided by such outstanding industry expertise, and we look forward to achieving accelerated growth, innovation and development as we solidify our position as the leader in next generation learning technology.”

HR Technology News: Millennium Trust Welcomes Karyn DeFalco As Chief Human Resources Officer

Automatic Data ProcessingCEOHR SoftwareSoftwareTalent AquisitionTECHNOLOGYWCAS
Comments (0)
Add Comment