Nottingham software firm sold to US giant

Union Square, the Nottingham provider of information management software to the architecture, engineering and construction (AEC) industries, has been sold to software giant Deltek.

Headquartered in Nottingham, the Union Square has experienced strong international growth in Australia and recently expanded operations into Europe and Canada. The business has recently been named as one of Britain’s most inspirational companies in The London Stock Exchange’s annual Inspire Britain report.

Deltek’s customer base in the US represents a “huge opportunity” for the cross-selling of Union Square’s software, says the company.

Richard Vincent, managing director, Union Square said: “Our organization is thrilled to become a part of Deltek. Together, we have nearly 50 years of experience working hand in hand with AEC firms to make their businesses run better.

“Our two companies share a common focus, a common culture, and a deep knowledge of what it takes for AEC firms to be successful. That’s the foundation for a bright future as we come together. Our combined forces will deliver an even more powerful solution to the fast-growing AEC industry. We look forward to working closely with Deltek in the days ahead.”

Mike Corkery, president and CEO, Deltek said: “Deltek continually looks for ways to deliver more value to our customers through product innovation and acquisition, and that’s why we have acquired Union Square.”

Clearwater International advised Union Square, led by head of TMT Carl Houghton, supported by directors Emma Rodgers and Rob Burden, senior associate Richard Ellis and associate Steve McQuillan.

Eversheds also advised Union Square, led by partner Antony Walsh, principal associate Matthew Hussey and associate Katie Taylor.