troux3Planview, an Austin-based software company, announced its acquisition of Troux, which develops IT project management software and is also based in Austin.

The financial terms of the deal were not disclosed.

Gregory S. Gilmore serves as the CEO of Planview. David Hood headed up Troux.

“With the acquisition of Troux, the newly combined entity creates a $150 million global company with close to 600 employees and more than 1000 enterprise customers,” according to a news release.