Deltek

Last updated
Deltek
Industry
Founded1983
Founder
  • Donald deLaski
  • Kenneth E. deLaski
Headquarters Herndon, VA
Area served
Worldwide
Number of employees
3,686  OOjs UI icon edit-ltr-progressive.svg
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. [2] [3] [4] Since 2016, its parent company has been Roper Technologies. [5] [6] Bob Hughes is Deltek’s president and CEO. [7]

Contents

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. [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 LLC 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

Products

Related Research Articles

Sophos Ltd. is a British security software and hardware company. It was listed on the London Stock Exchange until it was acquired by Thoma Bravo in February 2020.

Compuware Corporation was an American software company based in Detroit, Michigan. The company offered products aimed at the information technology (IT) departments of large businesses, and its services also included testing, development, automation and performance management software for programs running on mainframe computer systems.

QAD Inc. is a software company that provides enterprise resource planning (ERP) software and related enterprise software to manufacturing companies. The company has customers in over 100 countries around the world.

Tungsten Automation, formerly Kofax Inc., is an Irvine, California-based intelligent automation software provider. Founded in 1985, the company's software allows businesses to automate and improve business workflows by simplifying the handling of data and documents.

<span class="mw-page-title-main">Roper Technologies</span> American diversified industrial company

Roper Technologies, Inc. is an American diversified industrial company based in Sarasota, Florida.

<span class="mw-page-title-main">Ivanti</span> American IT software company

Ivanti is an IT software company headquartered in South Jordan, Utah, United States. It produces software for IT Security, IT Service Management, IT Asset Management, Unified Endpoint Management, Identity Management and supply chain management. It was formed in January 2017 with the merger of LANDESK and HEAT Software, and later acquired Cherwell Software. The company became more widely known after several major security incidents related to the VPN hardware it sells.

<span class="mw-page-title-main">GTCR</span> American private equity firm

GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services.

Onvia, Inc. is an American government business intelligence company with 180 employees and annual revenue of US $21.1 million. Onvia offers a number of business-to-business software products, including Onvia Business Builder, a government leads and relationship manager; Onvia Navigator, a database of government contracts; and the Onvia Guide, which provides push notifications of government business opportunities.

Riverbed Technology LLC is an American information technology company. Its products consist of software and hardware focused on Unified Observability, Network Visibility, End User Experience Management, network performance monitoring, application performance management, and wide area networks (WANs), including SD-WAN and WAN optimization.

<span class="mw-page-title-main">Adenza</span> American information technology company

Adenza is a software application provider specializing in capital markets, investment management, central banking, risk management, clearing, collateral and treasury & liquidity. Their integrated suite of trading and risk applications is used by banks and other financial companies.

<span class="mw-page-title-main">Thoma Bravo</span> American private equity firm

Thoma Bravo, LP, is an American private equity and growth capital firm based in Chicago. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023.

<span class="mw-page-title-main">Blue Coat Systems</span> American cybersecurity and network management company

Blue Coat Systems, Inc., was a company that provided hardware, software, and services designed for cybersecurity and network management. In 2016, it was acquired by and folded into Symantec. In 2019 was, as part of Symantec Enterprise division, sold to Broadcom.

Veracode is an application security company based in Burlington, Massachusetts. Founded in 2006, it provides SaaS application security that integrates application analysis into development pipelines.

Axium is a privately held software company founded in 1993 and based in Portland, Oregon. Axium has created accounting, project management, and business development software for the architecture and engineering (A/E) industries. Axium was named one of the fastest-growing private companies by the Portland Business Journal in 2008, 2009, and 2010. Axium was rated as one of the top 100 companies to work for in the State of Oregon in 2009 and 2010 by Oregon Business magazine.

Instructure, Inc. is an educational technology company based in Salt Lake City, Utah, United States. It is the developer and publisher of Canvas, a web-based learning management system (LMS), and Mastery Connect, an assessment management system. Prior to its IPO in 2021, the company was owned by private-equity firm Thoma Bravo.

Imperva, Inc. is an American cyber security software and services company which provides protection to enterprise data and application software. The company is headquartered in San Mateo, California.

<span class="mw-page-title-main">Planview</span> Software company

Planview is a global enterprise software company headquartered in Austin, Texas.

Motus is a workforce management company headquartered in Boston, Massachusetts, that offers vehicle reimbursement, fleet management and business intelligence solutions. This includes mileage reimbursement, BYO programs, Managed Mobility Services and living cost intelligence.

<span class="mw-page-title-main">Orlando Bravo</span> Puerto Rican billionaire businessman

Orlando Bravo is a Puerto Rican billionaire businessman. He is the co-founder and managing partner of Thoma Bravo, a private equity investment firm that specializes in enterprise software and technology-enabled services sectors. The 2019 Forbes 400 listed Bravo as the first Puerto Rican-born billionaire, debuting at No. 287. As of February 2024, his net worth is estimated at US$8.7 billion.

Ping Identity Corporation is an American software company established in 2002 by Andre Durand and Bryan Field-Elliot. It is headquartered in Denver, Colorado, United States with development offices in Vancouver, British Columbia, Tel Aviv, Israel, Austin, Texas, Denver, Colorado, Boston, Massachusetts and Edinburgh, Scotland. Ping also has European operations with offices in London, Paris, and Switzerland as well as offices in Bangalore, Melbourne, and Tokyo, serving Asia-pacific. It was a publicly traded company until getting acquired by Thoma Bravo and taken private in October 2022.

References

  1. 1 2 3 "Exclusive: Thoma Bravo explores sale of software firm Deltek - sources". Reuters. 2016-07-28. Retrieved 2023-08-29.
  2. 1 2 3 Dai, Shasha (June 7, 2013). "Software Company Deltek Aims to Pay $242M Dividend to Thoma Bravo".
  3. 1 2 3 4 5 Das, Anupreeta (2012-07-18). "Deltek Hires Bank to Advise on Sale". Wall Street Journal. ISSN   0099-9660 . Retrieved 2023-08-29.
  4. 1 2 Stynes, Tess (2012-08-27). "Thoma Bravo to Buy Deltek". Wall Street Journal. ISSN   0099-9660 . Retrieved 2023-08-29.
  5. 1 2 3 4 5 6 Lee, Giacomo (2023-07-17). "Deltek: how the D.C. giant is going global with PSA". ERP Today. Retrieved 2023-08-29.
  6. 1 2 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. 1 2 3 4 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. 1 2 3 4 5 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. ↑ Brooks, Steve (April 26, 2023). "A conversation with the founder of ArchiSnapper, a Deltek solution".
  31. ↑ "Deltek builds time-tracking offerings with new acquisition". Washington Technology. 2023-05-25. Retrieved 2023-12-14.
  32. ↑ "Deltek builds time-tracking offerings with new acquisition". Washington Technology. 2023-05-25. Retrieved 2023-10-25.
  33. ↑ Degges, Ireland (3 January 2024). "Deltek Broadens Product Portfolio With ProPricer Acquisition; Mike Corkery Quoted". ExecutiveGov. Retrieved 19 March 2024.
  34. ↑ https://www.deltek.com/en/government-contracting/costpoint
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.