Deltek completes acquisition of Replicon

25 August 2023 Consultancy.uk 2 min. read
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Software and solutions firm Deltek has completed the acquisition of Replicon. The provider of unified time tracking solutions will complement Deltek’s enterprise software and information solutions, helping clients to power project success. 

“Replicon has an unprecedented technology stack with an impressive user experience, and we are excited to work on how we go to market together,” said Warren Linscott, chief product officer at Deltek. “As the industries we serve evolve, we continue to look for new ways to cater to our customers and a broader range of project-based businesses.”

Headquartered in Herndon, Virginia, with over 2,500 employees worldwide, Deltek is a global software provider to the professional services industry. As the firm gets a new phase of growth underway, the firm has been undertaking a renewed focus on purposeful innovation.

Deltek completes acquisition of Replicon

Replicon solutions are a fit for organisations that require more sophisticated time and resource management. The firm offers a differentiated, project-centric suite of time management, HR attendance and PSA offerings, without requiring a finance system transition. 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 organisations in the enterprise and mid-market. 

“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,” commented Raj Narayanaswamy and Lakshmi Raj, Co-founders & Co-CEOs of Replicon.

Replicon, now a part of the Deltek solution portfolio, complements Deltek’s enterprise software and information solutions that help organisations power project success. Alongside the deal, Deltek will continue to enhance its native time applications within its ERP solutions, which will not be replaced by Replicon. 

Deltek’s President and CEO, Mike Corkery, added, “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.”