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Absorb LMS is a cloud-based learning management system (LMS) that helps businesses deliver, manage, and track employee training. It works as a subscription-based SaaS platform, with pricing based on active users and feature needs. Core functions include creating and managing courses, mobile learning, gamification, reporting and analytics, and e-commerce to sell training content to external audiences. It stands out by prioritizing ease of use and customization, offering a broad feature set and built-in e-commerce, analytics, and a global presence to support corporate learning across industries. Its goal is to help organizations train employees at scale, improve engagement and measure learning outcomes to boost workforce performance.
Industries
Enterprise Software
Education
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$59M
Headquarters
Calgary, Canada
Founded
2003
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Total Funding
$59M
Above
Industry Average
Funded Over
2 Rounds
Remote Work Options
Flexible Work Hours
Health Insurance
Dental Insurance
Wellness Program
"With 75 percent of organizations expecting to increase the AI spending in the next fiscal year, AI skills training should continue to grow." — 2025 State of the Industry Post thisIn 2024, the average number of formal learning hours used per employee was 13.7, down from 17.4 in 2023. This number has steadily declined since 2020. While average direct expenditure of $1,054 was down slightly in 2024, it has remained consistent over the past five years and organizations are investing the highest ratio of their revenue (2.9 percent) that we have seen in the last five years.Key findings from the report include:The average cost per learning hour used in 2024 across organizations was $165 , a 34 percent increase from 2023's average of $123 per learning hour used., a 34 percent increase from 2023's average of per learning hour used. More than a third of organizations saw an increase in their TD headcount.Three quarters of respondents said the TD function had representation in their organization's senior leadership team. This is a 10 percent increase from 2023.The three most common content areas for training were new-employee orientation, mandatory and compliance training, and managerial and supervisory training.Training for AI technical skills and AI practical skills grew in 2024. Fifty-five percent of survey respondents said their organization provided AI technical skills training and 64 percent expect their organization to increase the amount of training in the future
Calgary firm to absorb Toronto startup to provide more “comprehensive learning solution.”
WASHINGTON, Oct. 5, 2023 /PRNewswire/ -- ChurnZero, the platform and partner for customer success, has announced two significant technology partnerships enabling customer success (CS) teams to streamline, enhance, and unite their digital CS, customer education, and community management operations. ChurnZero will offer the Absorb LMS learning management system, and the Higher Logic Vanilla customer community platform, as part of its customer success software suite. Seamless integrations between ChurnZero and each partner platform will extend ChurnZero's digital CS ecosystem to provide a formidable, end-to-end solution for maximizing customer value, keeping and growing accounts, and driving recurring revenue.ChurnZero, recently named the #1 customer success software platform by G2, now has more native integrations than any other customer success platform. The company is planning further partnerships and enhancements for 2023 and 2024, including a native integration with the leading customer onboarding platform GUIDEcx. In addition, a partner academy initiative and certification program will train solution provider partners to help their customers achieve exceptional results with ChurnZero software."The more seamlessly ChurnZero works with our partners' platforms, the better the results our customers can achieve," says Alli Tiscornia, chief customer officer, ChurnZero
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Industries
Enterprise Software
Education
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$59M
Headquarters
Calgary, Canada
Founded
2003
Find jobs on Simplify and start your career today