Thoma Bravo’s Deltek buys Axium

Deltek, a portfolio company of Thoma Bravo, has acquired Axium. No financial terms were disclosed. Axium is a provider of accounting and project management solutions.

PRESS RELEASE

HERNDON, VA – June 4, 2014 – Deltek, the leading global provider of enterprise software and information solutions for project-based businesses, today announced that it has acquired Axium, a provider of accounting and project management solutions to more than 2,200 A&E firms throughout North America. This acquisition strengthens Deltek’s market leadership position in the A&E industry and extends its reach into the largest segment of the architecture and engineering industry within North America – firms with fewer than 250 employees.
While Deltek has long offered award-winning solutions to small, fast-growing A&E firms, Axium strengthens Deltek’s commitment to this vast segment of the market. Small and medium-sized A&E firms need an integrated and powerful ERP system that can be implemented rapidly and managed cost-effectively with minimal IT investment. Together with Axium, Deltek:
Powers the Complete Project Lifecycle: Deltek delivers all of the capabilities needed to manage the complete project lifecycle for fast-growing A&E firms including CRM, resource planning, project management, financial management, and business performance analytics. With the ability to manage and streamline their operations through Deltek’s comprehensive A&E-centric solution, firms of all sizes have the capabilities they need to compete effectively, grow revenue, and maximize profits.
Ensures Projects Are Delivered On-time and On-budget: Deltek offers intuitive, mobile-friendly tools built for the A&E project manager that make it simple for project teams to manage and collaborate on projects anytime and anywhere so they can be delivered on-time and on-budget.
Delivers a World-class Return on Investment: Deltek’s cost-effective, out-of-the-box system can be up and running quickly with little to no IT investment, providing business value to A&E firms in a matter of weeks.
“Deltek and Axium are market-leading software companies that have a very unique focus – accelerating and improving the core business processes of architecture and engineering firms,” said Chris Heim, CEO of Axium. “We couldn’t envision a better match for our company than combining our solutions and expertise with Deltek, a company that shares our unwavering commitment to the A&E industry.” “No other software provider in the world today has the A&E expertise, revolutionary project-based capabilities and customer list that the combined organization can offer,” said Dan Mayleben, CFO and COO of Axium.
“For decades, Deltek has worked closely with our customers to deliver the world’s most comprehensive solutions to manage the complete business lifecycle for project-focused businesses, including A&E firms,” said Mike Corkery, president and CEO of Deltek. “Acquiring Axium is part of our ongoing commitment to offer solutions that power the front and back offices of A&E firms of all sizes. We are thrilled to welcome the talented Axium team into our organization. Axium’s unique culture and expertise are a natural fit with our team, and their success in the marketplace will help accelerate our growth plans. We look forward to working with our new colleagues as we continue to deliver the world’s best solutions for A&E firms around the globe.”
To learn more about Deltek’s acquisition of Axium, please visit our website.
About Deltek
Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 18,000 organizations and 2 million users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, optimize resources, streamline operations, and deliver more profitable projects. Deltek – Know more. Do more.® www.deltek.com

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