Together Software has been acquired by Absorb Software in a strategic deal aimed at enhancing HR technology solutions.

Target Company Overview

Together Software, an innovative player in the HR Tech sector, was co-founded by Matthew Reeves and Nathan Goldstein in 2018. The company's inception was inspired by the co-founders' experiences at The Boston Consulting Group, where they recognized a significant gap in mentorship opportunities available to employees in various organizations. This prompted them to create a software solution aimed at enhancing mentoring capabilities within companies. Despite lacking technical backgrounds, Reeves and Goldstein successfully developed the initial product by utilizing online resources, witnessing early traction that validated the market's need for their offering.

As the demand for effective mentoring grew, especially during the COVID-19 pandemic, Together Software experienced remarkable growth, ultimately reaching an Annual Recurring Revenue (ARR) of approximately $6 million by 2024. Their successful journey included joining the Y Combinator startup accelerator and securing Series A funding, establishing the company as a competitive force in the industry.

Industry Overview in Canada

The HR Tech industry in Canada has shown robust growth in recent years, reflecting a broader global trend where organizations increasingly prioritize employee engagement and development. The shift towards remote work due to the pandemic has further emphasized th