Axium (company)

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Axium
Private
Industry Software
Founded 1993
Headquarters Portland, Oregon, United States
Area served
United States
Products Project accounting software
Website axium.com

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]

History[edit]

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[edit]

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 2,200+ existing customers.[13]

See also[edit]

References[edit]

  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. 
  5. ^ "The 2010 List: 100 Best Companies to Work For in Oregon". Oregon Business. March 2010. 
  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. 

External links[edit]