Seattle-based project management company LiquidPlanner has been acquired by Tempo Software, a work management company based in Burlington, Massachusetts.
The companies announced the deal Thursday but aren't disclosing the financial terms. A LiquidPlanner spokesperson said the company's 27 employees are joining Tempo as part of the deal.
“This is a monumental day for LiquidPlanner,” CEO Ted Hawksford said in a release. “With Tempo, we have the opportunity to expand and strengthen our shared mission to help teams build better together.”
Tempo now has over 350 employees with the acquisition, the spokesperson said, adding the LiquidPlanner brand will remain intact and marketed as part of the Tempo product suite.
LiquidPlanner, founded in 2008, uses predictive scheduling to make accurate forecasts. The company also shows managers the workload of team members, and it helps teams prioritize the most important tasks. LiquidPlanner's technology also integrates with Slack. The company counts among its clients Delta Air Lines and Bayer.
Tempo, meanwhile, was first launched in 2007. The company's software helps with roadmapping, cost management and project visualization. According to Tempo, the company has more than 28,000 clients, including Netflix, Airbnb and Oracle. In the release, Tempo said it reached more than $100 million in annual recurring revenue last year. Tempo was initially launched as part of TM Software in Iceland, but the company spun out in 2015. In addition to Burlington, the company's LinkedIn page lists offices in Montreal and Reykjavik, Iceland.
"We’re excited to bring the team at LiquidPlanner, an industry leader in their own right, into our company and look forward to growing together and delivering even more value to our customers as we build and expand our strategic planning and portfolio management solutions,” Tempo CEO Mark Lorion said in the release.
