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Deltek

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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.[2][3][4] Since 2016, its parent company has been Roper Technologies.[5][6] Bob Hughes is Deltek’s president and CEO.[7]

Deltek
Industry
Founded1983
Founder
  • Donald deLaski
  • Kenneth E. deLaski
HeadquartersHerndon, VA
Area served
Worldwide
Number of employees
3,686 Edit this on Wikidata
ParentRoper Technologies
Websitehttps://deltek.com/en

History

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Deltek was founded in 1983 as Deltek Systems by father and son Donald and Kenneth E. deLaski (Deltek was short for deLaski Technologies).[5] 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.[8] Then, in 2005, the private equity firm New Mountain Capital bought 75% of Deltek’s shares.[8] In 2006, the company had around 11,000 customers, including Bechtel Corp., Hellmuth, Obata & Kassabaum, and Verizon.[8] 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%.[3]

In July 2012, Deltek put itself up for sale.[3] At the time, the company had a market value of around $800 million.[3] In August, the company was bought by Thoma Bravo LLC for $1.1 billion and again went private.[2][1][10][4] In 2013, Michael Corkery was named president and CEO, and Michael Krone was named the CFO.[5][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.[6][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.[5] In Europe, the company mainly works with consultants, architecture firms, and engineering firms.[5]

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

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Products

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  • Costpoint: Deltek's flagship product, an enterprise resource planning software package designed for Federal government contractors to meet the unique rules of Federal cost accounting.[35]
  • GovWin IQ: a market intelligence product used for information related to agency contract opportunities, spending, and budgets.[5]

References

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