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  6. Absorb Acquires Koantic

M&A Deal Summary

Absorb Acquires Koantic

On August 18, 2020, Absorb acquired internet software and services company Koantic

Acquisition Highlights
  • This is Absorb’s 4th transaction in the Internet Software and Services sector.
  • This is Absorb’s 1st transaction in Canada.
  • This is Absorb’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-08-18
Target Koantic
Sector Internet Software and Services
Buyer(s) Absorb
Deal Type Add-on Acquisition

Target

Koantic

Montreal, Quebec, Canada
Koantic is a cloud-based eLearning authoring tool utilized to create interactive eLearning courses with the ease of drag and drop. Koantic was founded in 2016 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Absorb

Calgary, Alberta, Canada
Category Company
Founded 2003
Sector Internet Software and Services
Employees140
DESCRIPTION

Absorb is a learning technology company. Absorb’s learning management system (LMS) centers around an intuitive user experience and a highly configurable, brand-specific interface, offering administrative, course builder, and reporting tools to its stakeholders. Absorb was established in 2003 and is based in Calgary, Alberta.

DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 ePath Learning

New London, Connecticut, United States

ePath Learning, Inc. is a provider of a cloud-based learning technology company. ePath Learning was founded in 1999 and is based in New London, Connecticut.

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