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Silversmith closes $500m sale of Absorb Software to WCAS - Vimarsana News

Silversmith closes $500m sale of Absorb Software to WCAS

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S|W: The SaaS Weekly - Social media's next generation - Vimarsana News

S|W: The SaaS Weekly - Social media's next generation

S|W: The SaaS Weekly The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week! RECOMMENDED BY SAGE INTACCT: If you don’t prepare ahead of time, you could get stuck not producing the key SaaS metrics that investors want to see when they’re considering investing in your next round. Join Sage Intacct on Thursday, May 6 as Douglas Soltys, Editor-in Chief at BetaKit, moderates a dynamic discussion between Laura Lenz, Partn...

Alberta now home to 3,000 tech companies; new report shows an industry hitting its stride - Vimarsana News

Alberta now home to 3,000 tech companies; new report shows an industry hitting its stride

Article content Alberta is now home to more than 3,000 technology companies, a 233 per cent increase since 2012, according to a new report. The report — conducted by Alberta Enterprise Corp. in partnership with PwC — also shows that Alberta’s tech sector, once made up largely of early-stage startups, is showing signs of maturity. According to the report, almost 40 per cent of tech companies in the province now have annual revenues of more than $1 million, a 66 per cent increase since 2018. Over the past two years, the number of tech companies with 25 or more employees has increased by 1...

Silversmith Capital seals $500m-plus Absorb Software sale to WCAS after strong run of bookings growth - Vimarsana News

Silversmith Capital seals $500m-plus Absorb Software sale to WCAS after strong run of bookings growth

April 21, 2021 Welsh Carson Anderson & Stowe has agreed to buy cloud-based learning and performance management software provider Absorb Software from Silversmith Capital Partners at a valation of over $500m. AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.

Calgary's Absorb Software gets $500-million valuation in private equity deal as oilpatch capital's tech sector continues to flourish - Vimarsana News

Calgary's Absorb Software gets $500-million valuation in private equity deal as oilpatch capital's tech sector continues to flourish

Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Calgary’s Absorb Software has been sold to a U.S. private-equity firm in a deal valuing the company at more than US$500-million, the latest transaction in the surging local tech sector to bring some good news to the blighted oil-patch capital. Private-equity firm Welsh, Carson, Anderson & Stowe acquired the company from Boston-based Silversmith ...