Deltek Explained

Deltek
Founded:1983
Hq Location:Herndon, VA
Area Served:Worldwide
Parent:Roper Technologies
Website:https://deltek.com/en

Deltek is an American multinational enterprise software and information solutions corporation headquartered in Herndon, Virginia.[1] [2] The company sells software to government contractors, engineering, architectural, accounting, and consulting firms to manage customer information, financial and project accounting, project management, risk management, enterprise resource planning, invoicing, revenue, financial compliance, and expenses.[3] [4] Since 2016, its parent company has been Roper Technologies.[5] [6] Bob Hughes is Deltek’s president and CEO.[7]

History

Deltek was founded in 1983 as Deltek Systems by father and son Donald and Kenneth E. deLaski (Deltek was short for deLaski Technologies). The company had a successful IPO in 1997 and was publicly traded until 2002.[8] [3] After the tech bubble burst in the early 2000s, the company went private again. Then, in 2005, the private equity firm New Mountain Capital LLC bought 75% of Deltek’s shares. In 2006, the company had around 11,000 customers, including Bechtel Corp., Hellmuth, Obata & Kassabaum, and Verizon. Deltek went public for the second time in 2007, and raised $162 million with its initial public offering (IPO).[9] New Mountain reduced its stake in the company from 75% to around 59%.

In July 2012, Deltek put itself up for sale.[3] At the time, the company had a market value of around $800 million. In August, the company was bought by Thoma Bravo LLC for $1.1 billion and again went private.[10] In 2013, Michael Corkery was named president and CEO, and Michael Krone was named the CFO.[11] In July 2016, Deltek acquired the Nottingham, UK-based company Union Square Software.[12] Also in 2016, Deltek became part of Roper Technologies’ portfolio of companies when Roper acquired Deltek for $2.8 billion.[13] In 2020, the company had approximately 3,000 employees in over 12 locations around the world.[14] In 2023, Deltek claimed 95% of public sector spending across the U.S. federal, state, local, and education market, and public sector spending in Canada. In Europe, the company mainly works with consultants, architecture firms, and engineering firms.

In 2022 and 2023, Deltek was named one of America's best mid-sized employers by Forbes and Statista Inc.[15] In 2022, the Washington Post included Deltek as one of the Top Workplaces of 2022.[16] Deltek is also rated TSIA Outstanding and has the J.D. Power Certified Assisted Technical Support certification.[17]

Acquisitions

Products

Notes and References

  1. News: 2016-07-28 . Exclusive: Thoma Bravo explores sale of software firm Deltek - sources . en . Reuters . 2023-08-29.
  2. Web site: Dai . Shasha . June 7, 2013 . Software Company Deltek Aims to Pay $242M Dividend to Thoma Bravo .
  3. News: Das . Anupreeta . 2012-07-18 . Deltek Hires Bank to Advise on Sale . en-US . Wall Street Journal . 2023-08-29 . 0099-9660.
  4. News: Stynes . Tess . 2012-08-27 . Thoma Bravo to Buy Deltek . en-US . Wall Street Journal . 2023-08-29 . 0099-9660.
  5. Web site: Lee . Giacomo . 2023-07-17 . Deltek: how the D.C. giant is going global with PSA . 2023-08-29 . ERP Today . en-GB.
  6. Web site: Georgacopoulos . Christina . July 24, 2023 . Roper Technologies' government contracting subsidiary Deltek plans $450M acquisition . 2023-08-29 . www.bizjournals.com.
  7. Web site: Jojack . Beth . 2024-03-05 . New president and CEO named for Herndon's Deltek . 2024-03-29 . Virginia Business . en-US.
  8. News: Witte . Griff . 2006-05-10 . Outsider To Become Chairman Of Deltek . en-US . 2023-08-29 . 0190-8286.
  9. News: 2007-10-31 . Deltek Inc raises $162 million with IPO . en . Reuters . 2023-08-29.
  10. News: 2012-08-27 . Deltek to go private in $1.1 billion deal . en . Reuters . 2023-08-29.
  11. Web site: 2013-02-27 . Deltek picks insider as new CFO . 2023-08-29 . Washington Technology . en.
  12. News: Brooks . Steve . Deltek acquires UK software firm . 22 September 2023 . Enterprise Times . 21 July 2016.
  13. Web site: 2016-12-06 . Herndon software company Deltek acquired for $2.8 billion . 2023-08-29 . WTOP News . en.
  14. Web site: Kruse . Kevin . How A Culture Of Intentional Leadership Drives Success At Deltek . 2023-10-11 . Forbes . en.
  15. Web site: Today . E. R. P. . 2023-02-23 . Deltek scores big as one of America's best mid-sized employers . 2023-11-17 . ERP Today . en-GB.
  16. Web site: December 1, 2022 . Top Workplaces 2022 .
  17. Web site: TSIA Certified Companies . 2023-11-17 . Technology Services Industry Association . en.
  18. Web site: 2006-03-21 . Deltek buys Welcom . 2023-10-25 . Washington Technology . en.
  19. Web site: Censer . Marjorie . August 27, 2012 . Deltek to be acquired by Thoma Bravo .
  20. Web site: 2008-09-06 . Deltek acquires Planview MPM division . 2023-10-25 . Military Aerospace.
  21. Web site: 2009-12-15 . Deltek purchases mySBX to strengthen services offerings . 2023-10-25 . Washington Technology . en.
  22. Web site: 2010-09-30 . Deltek buys INPUT for $60M with aim to be ‘go-to source for government business’ . 2023-10-25 . Federal News Network . en-US.
  23. Web site: 2011-04-06 . FedInsider Deltek + FedSources Shows How Environment Is Changing . 2023-10-25 . en-US.
  24. Web site: Deltek Acquires Maconomy Mergr M&A Deal Summary . 2023-10-25 . mergr.com.
  25. Web site: Clabaugh . Jeff . Feb 23, 2015 . Aronson acquires Deltek’s GSA schedule consulting business .
  26. Web site: 2013-11-14 . Deltek bolsters analytics offering with purchase of Centurion Research Solutions . 2023-10-25 . Washington Technology . en.
  27. News: 2014-06-04 . Thoma Bravo-Backed Deltek Acquires Axium . en-US . Wall Street Journal . 2023-10-25 . 0099-9660.
  28. Web site: Clabaugh . Jeff . Feb 26, 2015 . Deltek to acquire HRsmart .
  29. Web site: 2017-11-20 . Deltek buys public sector market intelligence company Onvia . 2023-10-25 . Accounting Today . en.
  30. Web site: Brooks . Steve . April 26, 2023 . A conversation with the founder of ArchiSnapper, a Deltek solution .
  31. Web site: 2023-05-25 . Deltek builds time-tracking offerings with new acquisition . 2023-12-14 . Washington Technology . en.
  32. Web site: 2023-05-25 . Deltek builds time-tracking offerings with new acquisition . 2023-10-25 . Washington Technology . en.
  33. Web site: Degges . Ireland . Deltek Broadens Product Portfolio With ProPricer Acquisition; Mike Corkery Quoted . ExecutiveGov . 19 March 2024 . 3 January 2024.
  34. https://www.deltek.com/en/government-contracting/costpoint

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Deltek".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.