JDM Technology Group announced that it has acquired Deneb Software, a leading construction accounting and estimating software company headquartered in Fountain Hills, AZ. JDM is a global group of leading software providers for the architecture, engineering, construction, maintenance, and operations industries. The transaction closed on June 30, 2022, with approval from Deneb’s owner, Ken Lykins.
Deneb Software has been supplying proven construction accounting and estimating software to American construction companies for more than 35 years. Its robust cloud-based solution helps contractors increase profitability and improve efficiency at every stage of the job.
In a statement on the sale, Deneb owner Ken Lykins said, “My business model has always been 100% customer centric, so selling to a family company that also puts people first felt like the right decision.” One of JDM’s core philosophies is not to end of life software, ensuring its customers can always continue using their preferred software.
“We’re pleased to be a part of the next phase of the Deneb software story,” said JDM CEO Jim McFarlane. “The company is a great fit for our global portfolio of construction software companies, and we look forward to putting our industry expertise and global resources to work for the Deneb customers.”
Deneb will join JOBPOWER software, a JDM Technology Group company with decades of experience in the construction software market, based in Knoxville, TN. JOBPOWER president Dee Golden will lead Deneb and oversee day-to-day operations. “I look forward to working with the Deneb team to help contractors get ahead in a competitive construction industry that is always evolving.”
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