Calgary, Alberta (June 26, 2018) – Absorb Software, a leading provider of cloud-based learning and performance management software and analytics for the corporate and higher education markets, has added to its growing roster of executive talent with the announcement of Mark Simner as the company’s new Chief Financial Officer. Simner’s addition is the latest of several recent hires designed to position the company for immediate growth, readying Absorb to capitalize on the strategic investment of Silversmith Capital.
“Mark brings substantial experience in the SaaS industry, particularly with high growth, private equity backed companies. This is exactly what we need to efficiently scale as our growth accelerates.” said Absorb CEO, Mike Owens. “His solid record of implementing new business systems and processes, and building effective finance, accounting and BI teams, will be a cornerstone of our positive business growth.”
Simner brings over 20 years of finance and operations experience to Absorb, most recently serving as the Chief Financial Officer for Varsity Tutors, where he built the finance and accounting team from the ground up while the company grew at over 50 percent annually. Prior, Simner was the Vice President of Industry Analytics and Operations at Catamaran, after serving as the Vice President and Chief Financial Officer for Accertify Inc., an American Express Company. While at Accertify, Simner led financial management, strategy, long-range planning, investment management and financial reporting, among other responsibilities.
Simner honed financial and regulatory skills while Vice President and Controller for General Motors Asset Management, and by leading the global roll out of Sarbanes Oxley compliance efforts while at GMAC Financial Services.
“I’m thrilled to be joining this vibrant company at a time of high growth and international expansion,” said Simner. “Absorb offers industry-leading SaaS technology, strong executive leadership and an uncompromising commitment to the success of its A-list customers.”
A native of the United Kingdom, Simner is both a Chartered Management Accountment in England and Wales, and a Chartered Global Management Accountant. He earned his MBA from New York University’s School of Business, where he graduated with distinction.
About Absorb Software
Absorb Software is a learning technology company based in Calgary, Alberta Canada, with subsidiaries in England, Ireland, Australia, China and the United States. The Absorb flagship product, Absorb LMS, is an industry-leading and award-winning Learning Management System for businesses, higher education, government and non-profit agencies around the world. Learn more at www.absorblms.com, or follow the company on LinkedIn, Facebook, or Twitter.
About Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $1.1 billion of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing profitable technology and healthcare companies. The firm seeks to invest $15 million to $75 million per company. Representative investments include ActiveCampaign, Centauri Health Solutions, Digital Map Products, Impact, LifeStance Health, MediQuant, Nordic Consulting Partners, and Validity. The partners have over six decades of collective investing experience and have served on the boards of numerous successful growth companies including Ability Network, Dealer.com, Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health, SurveyMonkey, and Yapstone. For more information, visit www.silversmithcapital.com.