Daptiv Acquired by Parallax

Projects@Work

Software industry executive John Baldwin joins company as CEO to drive next phase of growth for project and portfolio management solutions provider.

Parallax Capital Partners, a software and technical acquisition firm based in Laguna Hills, Calif., has acquired Seattle-based Daptiv Inc., a provider of on-demand project/portfolio management software and services with recurring revenue of nearly $20 million. Parallax intends to retain all of Daptiv's employees and will continue to operate the business under the Daptiv name.

 

During the past 12 years, Daptiv has accumulated more than 500 enterprise customers and 80,000 subscribers spanning all major vertical industries. In the last six months alone, the company has added more than 70 new customers to a roster that includes BASF, Chase Paymentech, Harvard University, Honeywell, La Poste and Virgin Blue.

 

As part of the acquisition, John Baldwin, a software industry executive and partner with Parallax, has joined the company as chief executive officer. Baldwin has 24 years of experience in the software applications and technology industry, including 12 years in the PPM industry with Artemis International, where his responsibilities included worldwide product management, engineering and business strategy functions.

 

"Daptiv has built an established brand for comprehensive …

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