An Ontario-based project management software company now has a foot in the cloud by buying a U.S. software-as-a-service competitor.
ChangePoint Corp. of Richmond Hill said Thursday it has bought Daptiv Solutions for an undisclosed price,
“One of the things we don’t do very well is the smaller end of the market, where someone wants a SaaS solution that’s quick to implement and very configurable,” CEO Jim Byrnes said in an interview. “That’s why we approached Daptiv … It is an opportunity to play in both the on-premise and SaaS markets.”
Founded in 1997, Daptiv has annual revenue of about $25 million. It’s staff of 130 will largely stay intact, Byrnes said and remain at the company’s office in Seattle, although the company headquarters will be here. Daptiv has some 100,000 users around the world.
Changepoint has about 170 staff and $42 million in annual revenue, with offices in Europe, Latin America and Australia. “We don’t anticipate any reduction in force at all as a result of doing this — we’re actually looking to hire.”
Founded in 1994, Changepoint was an independent company until 2004, when it was bought by Compuware. This past February it was bought by California-based Marlin Equity, which then brought in Byrnes to head the company.
Daptiv PPM includes modules for demand management and project scoring, capacity planning, staff management and financial management. Multiple project management methodologies are available including waterfall, iterative, business process improvement, Agile and Six Sigma. There’s also tools for professional services organizations like consultants for managing their work and billing.
Competitors include Innotas, Oracle PPM Cloud and Instantis Enterprise Track, AtTask, TrackerSuite.net, Clarizen and others.
Changepoint’s on-premise or hosted software, called Changepoint, has similar capabilities. A new version will be rolled out next month. The company says the suite lets CIOs understand the risks, value and trade-offs of strategic business initiatives, create ‘what if’ scenarios, and track the pace of projects through scorecards, bubble charts and portal visibility.
Customers include Terada, Hitachi Data Systems, European telecom carriers Orange and Telnor, NCR and Innovapost, the IT provider for the Canada Post group of companies.
In Canada it is sold through CrossConcept Inc. of Whitby, Ont.
There’s almost no end counting the number of project management offerings on the market. Byrnes counted his major competitors as including PlanView, CA Technologies’ Clarity PPM, Financial Force, plus software from SAP and Oracle.
Byrnes joined the company after Marlin Equity bought Changepoint, Previously he headed the global consulting business at Infor, a maker of customer relationship management and enterprise resource planning software.