Private equity firm Parallax Capital Partners of Laguna Hills, Calif., confirmed this morning that it has acquired Daptiv, the Seattle-based online project and portfolio management company -- saying it will retain all of Daptiv's employees and continue operating the business under the Daptiv name.

Daptiv CEO Mark Klebanoff will depart after a transition period, but all other executives are slated to remain, said Daptiv's new CEO, John Baldwin, a Parallax partner with 24 years of experience in software applications and technology, including 12 years with portfolio and project management company Artemis International.

As reported by TechFlash last week, documents show that Parallax, through affiliate Daptiv Solutions LLC, agreed to pay $12.65 million for the assets of Daptiv Inc., which had raised a total of $30 million in venture capital and will dissolve as a corporate entity as a result of the deal. Executives with the companies declined to confirm or comment on the price but said the transition will be seamless for customers regardless of the behind-the-scenes structure of the acquisition.

"From a customer perspective, there's absolutely no difference between Friday and today," said Ian Knox, Daptiv's vice president of marketing. "We're still Daptiv, we're still a $20 million (in recurring revenue), profitable company. Customers will still get the same experience, so no difference there whatsoever."

Knox described the people inside Daptiv as excited about the deal, citing factors including new CEO Baldwin's extensive experience in project- and portfolio-management technologies.

"Everyone is super fired up," Knox said. "For us, it's an amazingly positive thing to happen ... a great thing for this company."

Daptiv reduced its staff from 105 to 90 people in a restructuring last month. At the same time, Chase Franklin departed as chief executive, saying the company had not been able to raise the funding needed to fuel its growth plans. Klebanoff, previously the company's chief operating officer, took over as CEO then.

Baldwin, the new CEO, said the company will continue to be based in Seattle. He described Parallax as "highly selective" in its acquisitions, with a long investment horizon. He said Daptiv "came out ahead on virtually every front" on the private equity firm's investment criteria.

"We talked to many customers in the investigatory, diligence phases," he said. "We were stunned at how happy the customers were with the code, the product, the (intellectual property) and notably the people -- the people that daily supported it, serviced it, built it, made it work for them. We were amazed at how many (customer) seats were out there, 80,000-plus ... and how quickly they were able to implement, versus a lot of what's out there in the competitive arena."

Among other initiatives, Baldwin said Daptiv will aim to grow its business in parts of the world that it hasn't yet reached.

James Hale, Parallax managing partner, says in a news release, "With the industry shift to Software-as-a-Service and cloud computing, and Daptiv’s history of innovation, we believe the company has strong growth potential through organic investment and targeted acquisitions. I’m confident that with Daptiv’s experienced, talented staff and proven track record of leadership in the project management space we can take the business to the next level."

We've left messages with two of the venture capital firms that backed Daptiv, Silicon Valley-based Kennet Partners and Bay Partners, seeking comment on the acquisition, and we'll update this post depending on the response.

Daptiv, founded as eProject, says it has accumulated more than 500 enterprise customers in its 12 years of existence. The company cites examples such as BASF, Chase Paymentech, Harvard University, Honeywell, La Poste and Virgin Blue, and says it has added more than 70 new customers in the last six months alone.