Axium (company)

Axium (XTS Software) is a privately held software company founded in 1993 and based in Portland, Oregon. Axium has created accounting, project management, and business development software for the architecture and engineering (A/E) industries. Axium was named one of the fastest-growing private companies by the Portland Business Journal in 2008,[1] 2009,[2] and 2010.[3] Axium was rated as one of the top 100 companies to work for in the State of Oregon in 2009 and 2010 by Oregon Business magazine.[4][5]

For the food company, see Axium Foods.
Axium
TypePrivate
IndustrySoftware
Founded1993
Headquarters
Portland, Oregon
,
United States
Area served
United States
ProductsProject accounting software
Websiteaxium.com

History

In 1983, Alan Mills formed a joint venture with Timberline Software and developed the architecture & engineering specific product offering. On September 27, 1996, Timberline Software sold its Architecture & Engineering product line to Mills and Cathy Mills.[6] In 2004, Axium launched an entirely new software platform, Ajera, which makes up its core offering today. The company announced plans to move to neighboring Tigard's Lincoln Center in 2010.[7] The company had revenues of $10.9 million for 2011 and had 78 employees at that time.[8] Axium was sold in December 2012 to 2ndWave Software, but was to retain its headquarters in Oregon.[9]

Axium launched a new product, Project Trek, in 2014.[10] This came after the company acquired ArchitTrek in March 2014 in an effort to add collaboration and construction project management to its offering.[11]

Acquisition by Deltek

In June 2014, Axium was acquired by one of their main competitors, Deltek. Terms of the acquisition deal were not disclosed.[12] While Deltek announced plans to incorporate Axium's software solutions into their own offering and reported that the acquisition would speed their growth, Axium continues to operate as a separate entity and serve their 3,500+ existing customers.[13]

See also

References
  1. "Fastest-Growing Private 100 Companies Awards Reception". Portland Business Journal. Retrieved 29 May 2015.
  2. "Fastest-Growing Private 100 Companies Awards Reception 2009". Portland Business Journal. Retrieved 29 May 2015.
  3. "Fastest-Growing Private Companies Awards Reception 2010". Portland Business Journal. Retrieved 29 May 2015.
  4. "The 2009 Top 34 Medium Companies to Work For in Oregon". Oregon Business. March 2009. Archived from the original on 2009-06-18. Retrieved 2010-07-14.
  5. "The 2010 List: 100 Best Companies to Work For in Oregon". Oregon Business. March 2010. Archived from the original on 2010-06-17. Retrieved 2010-07-14.
  6. "Timberline Software signs agreement with Axium for sale of A&E product line". Business Wire. September 27, 1996. Retrieved 20 August 2010.
  7. Schmidt, Brad (August 19, 2010). "Beaverton's Axium headed to Tigard's Lincoln Center". The Oregonian. Archived from the original on 20 August 2010. Retrieved 20 August 2010.
  8. Stevens, Suzanne (January 10, 2013). "Axium owners sell the company". Portland Business Journal. Retrieved 11 January 2013.
  9. Rogoway, Mike (January 9, 2013). "Tigard software company Axium sold, will retain Oregon headquarters". The Oregonian. Retrieved 10 January 2013.
  10. "Deltek Axium Introduces Project Trek to Deliver a Collaboration & Document Management Solution". Panorama Consulting Solutions. 2014-06-27. Archived from the original on 2014-07-14. Retrieved 2014-07-08.
  11. "Axium Acquires ArchitTrek™ to Add Collaboration and Construction Management Capabilities to Its Accounting and Project Management Solution". PR Web. 2014-03-06. Retrieved 2014-07-08.
  12. "Portland architectural and engineering software company sold to Virginia outfit". Biz Journals. 2014-06-05. Retrieved 2014-07-08.
  13. "Deltek Acquires Axium to Extend Its Market Leadership in the Architecture and Engineering Industry". Business Wire. 2014-06-04. Retrieved 2014-07-08.
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