Wikipedia

Deltek

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
Websitedeltek.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. July 28, 2016. Archived from the original on August 24, 2023. Retrieved August 29, 2023.
  2. ^ a b c Dai, Shasha (June 7, 2013). "Software Company Deltek Aims to Pay $242M Dividend to Thoma Bravo". Wall Street Journal.
  3. ^ a b c d e Das, Anupreeta (July 18, 2012). "Deltek Hires Bank to Advise on Sale". Wall Street Journal. ISSN 0099-9660. Archived from the original on August 21, 2012. Retrieved August 29, 2023.
  4. ^ a b Stynes, Tess (August 27, 2012). "Thoma Bravo to Buy Deltek". Wall Street Journal. ISSN 0099-9660. Retrieved August 29, 2023.
  5. ^ a b c d e f Lee, Giacomo (July 17, 2023). "Deltek: how the D.C. giant is going global with PSA". ERP Today. Archived from the original on August 24, 2023. Retrieved August 29, 2023.
  6. ^ a b Georgacopoulos, Christina (July 24, 2023). "Roper Technologies' government contracting subsidiary Deltek plans $450M acquisition". www.bizjournals.com. Retrieved August 29, 2023.
  7. ^ Jojack, Beth (March 5, 2024). "New president and CEO named for Herndon's Deltek". Virginia Business. Retrieved March 29, 2024.
  8. ^ a b c d Witte, Griff (May 10, 2006). "Outsider To Become Chairman Of Deltek". The Washington Post. ISSN 0190-8286. Archived from the original on March 4, 2016. Retrieved August 29, 2023.
  9. ^ "Deltek Inc raises $162 million with IPO". Reuters. October 31, 2007. Archived from the original on August 29, 2023. Retrieved August 29, 2023.
  10. ^ "Deltek to go private in $1.1 billion deal". Reuters. August 27, 2012. Archived from the original on August 29, 2023. Retrieved August 29, 2023.
  11. ^ "Deltek picks insider as new CFO". Washington Technology. February 27, 2013. Archived from the original on August 29, 2023. Retrieved August 29, 2023.
  12. ^ Brooks, Steve (July 21, 2016). "Deltek acquires UK software firm". Enterprise Times. Retrieved September 22, 2023.
  13. ^ "Herndon software company Deltek acquired for $2.8 billion". WTOP News. December 6, 2016. Retrieved August 29, 2023.
  14. ^ Kruse, Kevin. "How A Culture Of Intentional Leadership Drives Success At Deltek". Forbes. Archived from the original on October 18, 2023. Retrieved October 11, 2023.
  15. ^ Today, E. R. P. (February 23, 2023). "Deltek scores big as one of America's best mid-sized employers". ERP Today. Retrieved November 17, 2023.
  16. ^ "Top Workplaces 2022". The Washington Post. December 1, 2022.
  17. ^ "TSIA Certified Companies". Technology Services Industry Association. Retrieved November 17, 2023.
  18. ^ "Deltek buys Welcom". Washington Technology. March 21, 2006. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  19. ^ a b c d e Censer, Marjorie (August 27, 2012). "Deltek to be acquired by Thoma Bravo". The Washington Post. Archived from the original on March 11, 2016. Retrieved October 25, 2023.
  20. ^ "Deltek acquires Planview MPM division". Military Aerospace. September 6, 2008. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  21. ^ "Deltek purchases mySBX to strengthen services offerings". Washington Technology. December 15, 2009. Retrieved October 25, 2023.
  22. ^ "Deltek buys INPUT for $60M with aim to be 'go-to source for government business'". Federal News Network. September 30, 2010. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  23. ^ "FedInsider | Deltek + FedSources Shows How Environment Is Changing". April 6, 2011. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  24. ^ "Deltek Acquires Maconomy | Mergr M&A Deal Summary". mergr.com. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  25. ^ Clabaugh, Jeff (February 23, 2015). "Aronson acquires Deltek's GSA schedule consulting business". Archived from the original on March 17, 2015. Retrieved October 25, 2023.
  26. ^ "Deltek bolsters analytics offering with purchase of Centurion Research Solutions". Washington Technology. November 14, 2013. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  27. ^ "Thoma Bravo-Backed Deltek Acquires Axium". Wall Street Journal. June 4, 2014. ISSN 0099-9660. Archived from the original on October 31, 2023. Retrieved October 25, 2023.
  28. ^ Clabaugh, Jeff (February 26, 2015). "Deltek to acquire HRsmart". Archived from the original on February 28, 2015. Retrieved October 25, 2023.
  29. ^ "Deltek buys public sector market intelligence company Onvia". Accounting Today. November 20, 2017. Retrieved October 25, 2023.
  30. ^ "Deltek Acquires WorkBook to Accelerate Its Momentum in the Creative Industry". markets.businessinsider.com. November 14, 2024. Archived from the original on February 11, 2025. Retrieved November 15, 2024.
  31. ^ Brooks, Steve (April 26, 2023). "A conversation with the founder of ArchiSnapper, a Deltek solution". Archived from the original on December 14, 2023. Retrieved December 14, 2023.
  32. ^ "Deltek builds time-tracking offerings with new acquisition". Washington Technology. May 25, 2023. Archived from the original on October 10, 2023. Retrieved December 14, 2023.
  33. ^ "Deltek builds time-tracking offerings with new acquisition". Washington Technology. May 25, 2023. Archived from the original on October 10, 2023. Retrieved October 25, 2023.
  34. ^ Degges, Ireland (January 3, 2024). "Deltek Broadens Product Portfolio With ProPricer Acquisition; Mike Corkery Quoted". ExecutiveGov. Archived from the original on March 28, 2025. Retrieved March 19, 2024.
  35. ^ "ERP for Government Contractors | Deltek Costpoint". Archived from the original on December 2, 2023. Retrieved November 30, 2023.
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