Deltek acquires accounting and project management solutions business
Herndon-based Deltek has acquired Axium, a provider of accounting and project management solutions.
Axium, founded in 1993 and based in Tigard, Ore., serves more than 2,200 architecture and engineering firms in North America.
Deltek provides enterprise software and information solutions for project-based businesses.
Financial details of the deal were not disclosed.
Deltek said the acquisition strengthens its position in the architecture and engineering industry, extending its reach into the largest industry in North America — firms with fewer than 250 employees.
“Acquiring Axium is part of our ongoing commitment to offer solutions that power the front and back offices of A&E firms of all sizes,” Mike Corkery, the president and CEO of Deltek, said in a statement. “Axium’s unique culture and expertise are a natural fit with our team, and their success in the marketplace will help accelerate our growth plans.”