CAMBRIDGE, MA (June 4, 2014) – Aeris Partners is pleased to announce that Axium, a leading provider of integrated accounting and project management solutions to more than 2,200 architecture & engineering (A&E) firms, has been acquired by Deltek, the leading global provider of enterprise software and information solutions for project-based businesses. The acquisition of Axium strengthens Deltek’s market leadership and extends Deltek’s reach into the largest segment of the A&E industry within North America, namely firms with fewer than 250 employees. Aeris Partners served as the exclusive strategic M&A advisor to Axium. The transaction closed on June 3, 2014.
“We’re very excited that Axium and Deltek have joined forces,” said David Joncas, Managing Director with Aeris Partners. “Axium and Deltek share an unwavering commitment to the A&E industry, to product innovation, and to delivering world-class customer support, and we’re proud to have advised Axium on the transaction.”
“Axium has built a leading, integrated project management and accounting platform to improve the efficiency, visibility, and profitability of A&E firm operations,” said Derek Swaim, Managing Director with Aeris Partners. “Axium’s customers will be well-served going forward and the combination underscores a strong, ongoing commitment to providing leading solutions for A&E firms of all sizes.”
Axium provides Ajera™, an integrated project management and accounting software solution designed specifically for the needs of the architecture & engineering market. More than 2,200 A&E firms across North America rely on Axium Ajera. Axium is located in Portland, Oregon and has been voted to Oregon Magazine’s “Top 100 Companies to Work For” each of the last six years.
Deltek is the leading global provider of enterprise software and information solutions for professional services firms and government contractors. For decades, Deltek has delivered actionable insight that empowers its customers to unlock their business potential. 16,000 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.
About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to best-in-class software and Software-as-a-Service (SaaS) companies, private equity investors and venture capital firms spanning a range of high-growth vertical markets including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), energy & power (EnergyTech), education (EdTech), analytics, transportation and logistics, and the public sector, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $17 billion of M&A advisory assignments to date. For more information, please visit: aerispartners.com.
Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.