Software and solutions provider Deltek has announced its acquisition of Replicon, a leading provider of time-tracking and workforce management solutions. The financial terms of the deal have not been disclosed.
Deltek, headquartered in Herndon, Virginia, specializes in project management, ERP, accounting software, government contracting, and professional services, among other areas. With over 3,700 employees, Deltek offers a wide range of enterprise software and information solutions.
Replicon, based in Calgary, Alberta, has established expertise in timesheet and expense management, cloud-based time tracking, project management, and professional services management. The company’s unified time-tracking solutions integrate project delivery, finance, and HR processes into a single platform.
The acquisition of Replicon is expected to complement Deltek’s existing portfolio, strengthening its capabilities in serving project and service-centric organizations. The addition of Replicon’s sophisticated and intuitive project time tracking, knowledge workforce management, and professional services automation (PSA) solution suite will enhance Deltek’s ability to meet the needs of a broader range of clients.
Deltek remains committed to supporting Replicon’s existing partnerships and plans to enhance and expand integrations with leading HR, ERP, and project management providers. The acquisition represents a strategic move for Deltek to further expand its offerings and add value to its customer base.
Leaders from both Deltek and Replicon expressed excitement about the merger and the opportunities it presents. Deltek President and CEO Mike Corkery emphasized the company’s commitment to Replicon’s employees, customers, and partners, while Replicon’s co-founders, Raj Narayanaswamy and Lakshmi Raj, expressed enthusiasm about joining Deltek and continuing their mission of empowering users with innovative solutions.
With the acquisition, Deltek aims to strengthen its position in the project-based solutions market and provide comprehensive software solutions to organizations across various industries.
