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Seattle's Daptiv sold, no layoffs expected
Posted by Brier Dudley
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.
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