Boston-based Tempo Software program is buying LiquidPlanner, the 17-year-old Seattle-based startup that sells a set of productiveness software program instruments to companies.
Phrases of the acquisition weren’t disclosed.
LiquidPlanner’s 27 workers will be part of Tempo as a part of the acquisition, bringing its post-acquisition workforce to greater than 350.
Tempo mentioned it should checklist LiquidPlanner’s predictive scheduling and capability planning software program on the Atlassian Market, a web-based retailer for third-party add-ons, plugins and extensions for Atlassian merchandise.
“This can be a monumental day for LiquidPlanner as we merge with Tempo’s award-winning options and produce our highly effective capabilities to the Atlassian Market,” LiquidPlanner CEO Ted Hawksford mentioned in an announcement.
The acquisition comes at a time when startup M&A exercise has dropped off amid rate of interest hikes by the Federal Reserve. Deal depend slipped to 129 offers in This autumn, down 28% from the primary quarter of the 12 months, capitalization desk software program startup Carta reported in February.
Co-founded by Charles Seybold and Jason Carlson, LiquidPlanner gives a predictive scheduling engine that makes use of priorities, capability information, and work estimates to create schedules. Different options embrace time monitoring, workload administration and real-time insights.
The corporate sells software program to companies of all sizes and integrates with common platforms like Slack, with an open API for customized integrations. Clients embrace KPMG, Delta Airways, and Bayer, amongst others.
The startup, launched in 2006, has been led by 4 CEOs. Seybold held the function till 2012 and was succeeded by Liz Pearce, who was CEO for greater than decade. In 2017 Todd Humphrey took over, and two years later Hawksford was named CEO.
LiquidPlanner reached profitability in 2018 and raised about $17 million. Its backers embrace TVC Capital and Seattle angel traders Geoff Entress and Invoice Bryant, amongst others.
Based in 2015, Tempo is without doubt one of the largest software program distributors on the Atlassian Market, serving greater than 28,000 prospects throughout 100 international locations. The corporate mentioned it not too long ago surpassed $100 million in annual recurring income and is worthwhile.