Deltek to Acquire Replicon

Deltek Acquires Replicon

Deltek, a Herndon, VA-based global provider of software and solutions for project-based businesses, acquire Replicon, a Calgary, Canada-based provider of unified time tracking solutions that bring together Project Delivery, Finance and HR on a single platform, purpose-built for project and services-centric organizations.

The amount of the deal was not disclosed. Under the terms of the agreement, the transaction is conditioned upon regulatory approval and the satisfaction of customary closing conditions and is expected to close in the coming weeks.

This acquisition complements Deltek’s portfolio of enterprise software and information solutions for project-based organizations.

Led by co-CEOs and co-Founders Raj Narayanaswamy and Lakshmi Raj, Replicon provides Knowledge Workforce Management Solutions for Time, Expense, Projects, Resources, Skills, Billing, Costing, Pay, Revenue Recognition, and Compliance. The platform is designed for global scalability and configurability, enabling businesses to empower teams for both global governance and local administration, resulting in increased productivity and streamlined business operations. Replicon’s product portfolio is greatly established amongst some of the largest professional services firms in the world. Replicon has established a global presence, serving businesses across 85 countries and 25 industries, including Fortune 100 companies.

Led by CEO and President Mike Corkery, Deltek is a provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on it for the project intelligence, management, and collaboration. Its industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. 

FinSMEs

26/05/2023