Deltek

Deltek is an American, publicly traded, 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] Michael Corkery is Deltek’s president and CEO.

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

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.[7][3] After the tech bubble burst in the early 2000s, the company went private again.[7] Then, in 2005, the private equity firm New Mountain Capital LLC bought 75% of Deltek’s shares.[7] In 2006, the company had around 11,000 customers, including Bechtel Corp., Hellmuth, Obata & Kassabaum, and Verizon.[7] Deltek went public for the second time in 2007, and raised $162 million with its initial public offering (IPO).[8] 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][9][4] In 2013, Michael Corkery was named president and CEO, and Michael Krone was named the CFO.[5][10] In July 2016, Deltek acquired the Nottingham, UK-based company Union Square Software.[11] Also in 2016, Deltek was purchased by Roper Technologies for $2.8 billion.[5][6][12] In 2020, the company had approximately 3,000 employees in over 12 locations around the world.[13] 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]

Acquisitions
  • 2006 - Welcom Software Technology Corp., project management software provider[14]
  • 2008 - Planview’s MPM division, which makes project management software[15][16]
  • 2009 - mySBX, an online network for government contractors and professionals to find partners and opportunities[15][17]
  • 2010 - Input, market analysis for government contractors[15][18]
  • 2010 - Federaal Sources, market analysis for government contractors[15][19]
  • 2010 - Maconomy, practice management software[15][20]
  • 2011 - Washington Management Group, GSA schedule consulting business[21]
  • 2013 - Centurion Research Solutions, market research and data analytics[22]
  • 2014 - Axium, a software company also known as XTS Software Corp.[23]
  • 2015 - HRsmart, talent management[24]
  • 2016 - Union Square Software, an engineering and architecture technology firm[1]
  • 2017 - Onvia, market intelligence[25]
  • 2023 - Replicon, a company that provides unified time tracking applications[26]

References
  1. "Exclusive: Thoma Bravo explores sale of software firm Deltek - sources". Reuters. 2016-07-28. Retrieved 2023-08-29.
  2. Dai, Shasha (June 7, 2013). "Software Company Deltek Aims to Pay $242M Dividend to Thoma Bravo".
  3. Das, Anupreeta (2012-07-18). "Deltek Hires Bank to Advise on Sale". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-08-29.
  4. Stynes, Tess (2012-08-27). "Thoma Bravo to Buy Deltek". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-08-29.
  5. Lee, Giacomo (2023-07-17). "Deltek: how the D.C. giant is going global with PSA". ERP Today. Retrieved 2023-08-29.
  6. Georgacopoulos, Christina (July 24, 2023). "Roper Technologies' government contracting subsidiary Deltek plans $450M acquisition". www.bizjournals.com. Retrieved 2023-08-29.
  7. Witte, Griff (2006-05-10). "Outsider To Become Chairman Of Deltek". ISSN 0190-8286. Retrieved 2023-08-29.
  8. "Deltek Inc raises $162 million with IPO". Reuters. 2007-10-31. Retrieved 2023-08-29.
  9. "Deltek to go private in $1.1 billion deal". Reuters. 2012-08-27. Retrieved 2023-08-29.
  10. "Deltek picks insider as new CFO". Washington Technology. 2013-02-27. Retrieved 2023-08-29.
  11. Brooks, Steve (21 July 2016). "Deltek acquires UK software firm". Enterprise Times. Retrieved 22 September 2023.
  12. "Herndon software company Deltek acquired for $2.8 billion". WTOP News. 2016-12-06. Retrieved 2023-08-29.
  13. Kruse, Kevin. "How A Culture Of Intentional Leadership Drives Success At Deltek". Forbes. Retrieved 2023-10-11.
  14. "Deltek buys Welcom". Washington Technology. 2006-03-21. Retrieved 2023-10-25.
  15. Censer, Marjorie (August 27, 2012). "Deltek to be acquired by Thoma Bravo".
  16. "Deltek acquires Planview MPM division". Military Aerospace. 2008-09-06. Retrieved 2023-10-25.
  17. "Deltek purchases mySBX to strengthen services offerings". Washington Technology. 2009-12-15. Retrieved 2023-10-25.
  18. "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.
  19. "FedInsider | Deltek + FedSources Shows How Environment Is Changing". 2011-04-06. Retrieved 2023-10-25.
  20. "Deltek Acquires Maconomy | Mergr M&A Deal Summary". mergr.com. Retrieved 2023-10-25.
  21. Clabaugh, Jeff (Feb 23, 2015). "Aronson acquires Deltek's GSA schedule consulting business".
  22. "Deltek bolsters analytics offering with purchase of Centurion Research Solutions". Washington Technology. 2013-11-14. Retrieved 2023-10-25.
  23. "Thoma Bravo-Backed Deltek Acquires Axium". Wall Street Journal. 2014-06-04. ISSN 0099-9660. Retrieved 2023-10-25.
  24. Clabaugh, Jeff (Feb 26, 2015). "Deltek to acquire HRsmart".
  25. "Deltek buys public sector market intelligence company Onvia". Accounting Today. 2017-11-20. Retrieved 2023-10-25.
  26. "Deltek builds time-tracking offerings with new acquisition". Washington Technology. 2023-05-25. Retrieved 2023-10-25.
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