Daxko, Birmingham, Alabama, announced it has acquired Club Automation, a Chicago-based club management software company with more than 400 clients. Financial terms were not disclosed.
"We are incredibly excited to have Club Automation join the Daxko family," Daxko CEO Dave Gray said in a Jan. 30 media release. "We have promised our club, medical wellness and recreation customers that we would do something big to revolutionize our technology … and we have. Club Automation is Daxko's club management platform of the future."
Daxko, founded in 1998, currently provides 10,000 commercial and nonprofit businesses—specifically in the health and wellness sectors—with software systems through its Daxko Operations and Zen Planner brands. The clients span 68 countries and 20 million members, according to the release.
"We are incredibly excited that Club Automation is now a Daxko company," Club Automation CEO Jeff VanDixhorn said in the release. "This relationship enables us to further expand the Club Automation platform to serve a growing customer base."
VanDixhorn will continue to oversee Club Automation under the Daxko umbrella, the release said. The full Club Automation staff has also been carried over and will continue to operate out of the brand's Chicago office.
Club Automation was founded in 2007 and specializes in management software for member-based businesses, including health clubs and medical wellness centers. Its Chicago office is still expanding, the release said.
Daxko is a portfolio company of GI Partners, a San Francisco-based private investment firm. In the acquisition, Daxko was represented by Atlas Technology Group and Bradley Arant Boult Cummings LLP. Club Automation was represented by First Analysis Securities Investment Banking and Foley & Lardner LLP.
This isn't the first acquisition by Daxko In December 2015, Daxko acquired CSI Software LLC, Houston.
In September 2017, Daxko appointed Bjørn Bjerkøe as its chief technology officer.