Deltek, the leading global provider of software and solutions for project-based businesses, announced that it has entered into an agreement to acquire Replicon – a 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. This acquisition complements Deltek’s robust portfolio of enterprise software and information solutions for project-based organizations.
Headquartered in Calgary, Canada, Replicon delivers more than 2,500 customers with best-in-class software for unified project time tracking, project billing, time and attendance, compliance, professional services automation, as well as automated time entry capabilities. Replicon’s product portfolio is greatly established amongst some of the largest professional services firms in the world.
“Deltek is continuously looking at ways to expand our capabilities and add value to our customers. By acquiring Replicon, we will add another complementary solution – a sophisticated and intuitive project time tracking, knowledge workforce management and PSA solution suite, which will enable Deltek to serve the needs of even more project and service-centric organizations,” said Deltek’s President and CEO, Mike Corkery. “With this acquisition, Deltek will remain committed to Replicon and its partnerships and will continue to improve and expand integrations with leading HR, ERP and project management providers. We are incredibly excited to welcome the Replicon family of employees, customers and partners to Deltek Project Nation.”
“We are thrilled about the combination of Deltek and Replicon,” said Raj Narayanaswamy Co-founder & Co-CEO of Replicon. “Replicon has nearly 30 years of industry leadership in pioneering time management processes. Our proven solutions are loved by users, flexible and configurable, and integrate with any ERP, accounting, project management, HR or payroll system. We look forward to our future as part of Deltek Project Nation.”
“Replicon has always been focused on empowering people with game-changing solutions and we are excited to continue that journey with Deltek,” commented Lakshmi Raj, Co-founder & Co-CEO of Replicon. “Joining the Deltek team is a tremendous opportunity for our employees, our customers, and partners.”
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.
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