LiquidPlanner’s Industry-Leading Predictive Scheduling and Capacity Planning Solution Brings Critical Adaptability and Pivotability Capabilities to Tempo’s Strategic Portfolio Management Product Suite; Tempo Continues Strong Business Momentum, Surpassing $100M Recurring Revenue
March 16, 2023 – BOSTON – Tempo Software, a leading provider of portfolio management solutions for product development organizations, today announced the acquisition of LiquidPlanner, the only project management platform with a predictive scheduling engine to help teams plan, track, manage, and adapt their projects in real-time. Tempo will bring LiquidPlanner’s industry-leading predictive scheduling and capacity planning to the Atlassian Marketplace and other collaborative work management tools, adding new capabilities to Tempo’s Strategic Portfolio Management offering.
“As product and program managers contend with volatility, it’s critical for their organizations to be flexible, iterative, and able to smartly pivot on the fly. Adaptive automation in planning is the name of the game. This acquisition marks a big leap forward in bringing this capability to our customers,” said Shannon Mason, Chief Product Officer, Tempo. “We will enable even more companies to build realistic, pivotable plans without overwhelming the capacity of their teams. We want to facilitate great outcomes in increasingly complex environments.”
Tempo surpassed $100M ARR in 2022 and drove profitable growth in excess of the Rule of 40, and the acquisition of LiquidPlanner further builds on this momentum. Tempo builds several of the most popular and top-selling apps on the Atlassian Marketplace and continues bringing those award-winning capabilities to teams who use Jira and additional collaborative work management tools.
“We are incredibly proud to have achieved such a rare milestone and surpass $100M in ARR, a testament to our teams and the trust our customers and partners have in us to support their needs in building great products,” said Mark Lorion, CEO, Tempo “We’re excited to bring the team at LiquidPlanner, an industry leader in their own right, into our company and look forward to growing together and delivering even more value to our customers as we build and expand our strategic planning and portfolio management solutions.”
One of LiquidPlanner’s key features is its predictive scheduling engine, which uses priorities, capacity data and ranged work estimates to automatically calculate realistic schedules, helping teams better understand timelines and adjust their plans according to changing conditions. LiquidPlanner also offers time tracking, workload management, and real-time insights to help teams stay on top of their work. The platform serves businesses of all sizes across various industries, including software development, IT, marketing, and manufacturing. The platform integrates with other popular platforms, including Slack, and offers an open API for developers to build custom integrations.
“This is a monumental day for LiquidPlanner as we merge with Tempo's award-winning solutions and bring our powerful capabilities to the Atlassian Marketplace,” said Ted Hawksford, CEO, LiquidPlanner. “We have worked hard to build a platform that provides value to many of the world’s leading brands, including KPMG, Delta Airlines and Bayer, and now we can bring our solution to new audiences. With Tempo, we have the opportunity to expand and strengthen our shared mission to help teams build better together.”
About Tempo Software
Tempo Software offers integrated applications for time management, resource planning, budget management, strategic roadmapping, and program management for product management and software engineering teams. Our customers gain an unrivaled understanding of time and effort, and they improve how their teams plan and manage their work. This provides an aligned understanding of and plan for how time – the most precious, and finite resource – is optimized. Tempo Software is seamlessly integrated across popular DevOps tools and a natural and automated part of users’ workflows.
Headquartered in Boston, Tempo Software is one of the largest and most successful companies in the Atlassian ecosystem. With one out of three Fortune 500 companies choosing Tempo, the company has more than 28,000 customers across a range of industries in more than 100 countries. It works with hundreds of partners around the world, offering resale, training, and consultancy in local languages. To learn more about Tempo, visit www.tempo.io
LiquidPlanner is a transformative project management solution that uses predictive scheduling to dynamically adapt to change in real time. It helps teams plan, predict, and perform with confidence. Based in Seattle, LiquidPlanner has helped teams all over the world manage uncertainty since 2008. To learn more about the LiquidPlanner platform, visit https://www.liquidplanner.com.
D.A. Davidson served as the exclusive financial advisor to LiquidPlanner for this transaction.