A California buyout company is acquiring Daptiv, a Seattle company that provides project and portfolio management software and services. Terms of the deal with Parallax Capital Partners of Laguna Hills, Calif., weren’t disclosed.
A spokeswoman said all Daptiv employees will be retained except for Chief Executive Mark Klebanoff, who is being replaced by John Baldwin, a Parallax partner and executive at Artemis International.
Daptiv survived several cycles of the tech industry – and a few major layoffs – since it was founded in 1997 as eProject. The company now has around 90 employees, $20 million in annual sales and more than 500 enterprise customers.