Austin business software maker Planview is expanding its customer base and product offerings with the acquisition of two software companies.
Planview announced the acquisition of Seattle-based Changepoint and San Mateo, Calif., Based Clarizen, both of which make management software.
Financial terms of the agreements were not disclosed.
Planview said the acquisitions help strengthen the company’s position and offerings in the project portfolio management industry.
Founded in 1989, Planview sells software designed to help businesses plan, track and manage work. The company has approximately 275 Austin-based employees out of more than 700 total people worldwide.
Planview said Changepoint and Clarizen will continue to operate independently as separate business units. Each company will be led by its current CEO, who will report to Planview CEO Greg Gilmore.
âIn today’s environment, businesses are looking for partners with the vision, expertise and scale to help them navigate and excel in our all-digital world,â said Gilmore. âPlanview, Clarizen and Changepoint are all leaders … Collectively, there is no better platform to drive innovation and fuel the transformation from strategy to delivery. “
Founded in 1994, Changepoint manufactures business, technology and client portfolio management software. The company has already been bought out several times, first by Compuware in 2004, then by Marlin Equity Partners in 2014 and by Daptiv in 2014.
âIn order to achieve meaningful business results, organizations must be adaptable and agile while ensuring alignment from strategic planning to delivery,â said Matt Scheuing, CEO of Changepoint, in a written statement. âWe look forward to working with the Planview and Clarizen teams and believe that the combination of exceptional portfolio and work management solutions, practitioners and experts will allow our clients to continue to be successful in an ever-changing business environment. “
Clarizen, which was founded in 2006, manufactures a project management platform that combines automation and collaboration tools.
âWe are delighted to join forces with two organizations that share our core belief in putting customers at the heart of everything we do,â said Matt Zilli, CEO of Clarizen, in a written statement. âBy bringing these companies together, customers will have access to a portfolio of industry-leading solutions from three world-class companies, as well as new innovations as we focus on delivering even more value to our customers. ”
Planview has made several other acquisitions in recent years, including a July purchase of Austin-based Aptage, which makes enterprise software based on artificial intelligence and machine learning.
Planview itself was acquired by two private equity firms in December, the third change in ownership for Planview since 2013. The new owners, global asset firm TPG and private equity firm TA Associates, acquired Planview for $ 1.6 billion. The former majority shareholder of Planview, Chicago-based private equity firm Thoma Bravo, retained a minority stake.