Deltek has completed its acquisition of Replicon, a global provider of unified time tracking solutions that bring together project delivery, finance and HR on a single platform for project and service-centric organizations.
The company, headquartered in Calgary, Canada, delivers to more than 2,500 customers and will now be part of the Deltek solution portfolio, complementing Deltek’s enterprise software and information solutions that aim to help organizations run successful projects.
This acquisition supports Deltek’s product and customer expansion into additional project-based industries and accelerates Deltek’s market position within global IT services and consulting, as well as other professional service organizations in the enterprise. Replicon offers a differentiated, project-centric suite of time management, HR attendance and PSA offerings, without requiring a finance system transition.
Replicon’s solutions look to benefit organizations that require more sophisticated time and resource management and do not currently have a Deltek ERP solution or do not wish to switch their ERP system. Deltek will continue to enhance its native time applications within its ERP solutions, which will not be replaced by Replicon.
Mike Corkery, CEO and president at Deltek, said: “We are very excited to complete this acquisition – one of the largest in Deltek’s history – and welcome Replicon into the Deltek family. Just like Deltek, the Replicon team is dedicated to project-based businesses with a specific focus on customers, collaboration and innovation. With the combination of our two companies, we now have new and expanded capabilities to offer project and service-centric organizations globally. We look forward to the many new opportunities this acquisition brings to Deltek Project Nation, including those with Replicon customers and partners.”
Raj Narayanaswamy and Lakshmi Raj, co-founders and co-CEOs of Replicon, said: “Deltek is the perfect home for Replicon. We know that with Deltek we will continue to hold up our commitment to meet and exceed Replicon customers’ needs and continue delivering innovative solutions. We are just at the beginning of a very exciting journey together.”
