Aurora Consulting Group, a Spokane-based software company, has been bought by a Bellevue, Wash., technology company.
The buyer, Ascentium Corp., recently completed the acquisition after several months of negotiation, said Beth Britt, co-founder of Aurora and the company’s CEO.
Terms of the purchase weren’t disclosed.
In addition to taking over Aurora, Ascentium, a privately held company, plans to move Aurora’s five Spokane employees into new offices in downtown Spokane.
No location or date for the move has been announced, Britt said.
Ascentium offers an assortment of software and consulting services to businesses around the region. The purchase of Aurora will allow Ascentium to provide more complete enterprise-level (large-company) services to clients, said Ascentium CEO Jim Beebe in a press release.
Both companies focus on selling and servicing custom software based on major business-software components developed by Microsoft Corp. Aurora, in particular, has developed services that help customers like Boeing and Expedia maximize the use of Microsoft’s Project software.
At the same time, the deal will give Ascentium a chance to offer its own group of services to more business customers in Spokane and in the Boise area, said Britt.
Ascentium has about 115 employees. The company is projecting 2004 sales of roughly $9 million.
Britt estimated Aurora this year will generate sales of about $1.6 million.
Four years ago at its high point, Aurora Consulting had more than 20 employees. It shrank to less than 10 after the tech-economy meltdown. Aurora currently has 13 employees, with five of those based in Spokane, one in Boise and the rest in Bellevue.
Britt now works full time in Bellevue as director of Ascentium’s enterprise project management practice. Aurora co-founder Jason Pegg will continue to manage the Spokane office.
Britt said the deal also could involve some growth of the Spokane office of Ascentium.