Laguna Hills-based Parallax Capital Partners, an investment firm that buys and runs software companies, said Tuesday it acquired Seattle-based Daptiv Inc.
Daptiv makes Internet-based software that helps companies do project management, collaboration online and resource management.
Parallax said Daptiv sees around $20 million in yearly sales and is profitable.
Financial terms of the deal weren’t disclosed.
According to a report on technology news website TechFlash.com, the deal was valued at about $13 million.
Daptiv, which started in 1997, had raised some $30 million in venture capital, the report showed.
It’s likely that Parallax got Daptiv in a fire sale, reports show.
Former chief executive Chase Franklin stepped down last month after less than a year on the job. The company recently laid off about 15 workers, bringing its staff to 90 workers, according to xconomy.com, a website that covers technology and biotech news.
As part of the deal, Parallax said it appointed partner John Baldwin as chief executive of Daptiv.
Daptiv’s customers include Germany’s BASF SE, Harvard University, Honeywell International Inc. and Virgin Blue Holdings Ltd., among others.
Parallax is managed by husband and wife team James Hale and Lisa Hale.
It has invested some $150 million and acquired a dozen companies in all.
