Deltek is an American multinational enterprise software and information solutions corporation headquartered in Herndon, Virginia. The company sells software to government contractors, engineering, architectural, accounting, and consulting firms to manage customer information, financial and

project accounting Project accounting is a type of managerial accounting oriented toward the goals of project management and delivery. It involves tracking, reporting, and analyzing financial results and implications, and sometimes the creation of financial repor ...

, project management, risk management, enterprise resource planning, invoicing, revenue, financial compliance, and expenses. Since 2016, its parent company has been Roper Technologies. Michael Corkery is Deltek’s president and CEO.

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. 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). New Mountain reduced its stake in the company from 75% to around 59%. In July 2012, Deltek put itself up for sale. 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. In 2013, Michael Corkery was named president and CEO, and Michael Krone was named the CFO. In July 2016, Deltek acquired the Nottingham, UK-based company Union Square Software. Also in 2016, Deltek became part of Roper Technologies’ portfolio of companies when Roper acquired Deltek for $2.8 billion. In 2020, the company had approximately 3,000 employees in over 12 locations around the world. 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. In 2022, the Washington Post included Deltek as one of the Top Workplaces of 2022. Deltek is also rated TSIA Outstanding and has the J.D. Power Certified Assisted Technical Support certification.

Acquisitions

* 2006 - Welcom Software Technology Corp., project management software provider * 2008 - Planview’s MPM division, which makes project management software * 2009 - mySBX, an online network for

government contractors A government contractor is a company (privately owned, publicly traded or a state-owned enterprise)either for profit or non-profitthat produces goods or services under contract for the government. Some communities are largely sustained by governme ...

and professionals to find partners and opportunities * 2010 - Input, market analysis for government contractors * 2010 - Federal Sources, market analysis for government contractors * 2010 -

Maconomy Maconomy was a global provider of Enterprise Resource Planning (ERP) software founded in 1989 in Denmark by Per Tejs Knudsen, Philip Dam and Ulrik Jørring. Maconomy was acquired by Deltek in 2010. History Of Maconomy Maconomy originates from ...

, practice management software * 2011 - Washington Management Group, GSA schedule consulting business * 2013 - Centurion Research Solutions, market research and data analytics * 2014 - Axium, a software company also known as XTS Software Corp. * 2015 - HRsmart, talent management * 2016 - Union Square Software, an engineering and architecture technology firm * 2017 - Onvia, market intelligence * 2021 - ArchiSnapper, an AEC mobile SaaS vendor * 2022 - TIP Technologies * 2023 - Replicon, a company that provides unified

time tracking A timesheet (or time sheet) is a method for recording the amount of a worker's time spent on each job. Traditionally a sheet of paper with the data arranged in tabular format, a timesheet is now often a digital document or spreadsheet. The time c ...

applications

Products

* 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.https://www.deltek.com/en/government-contracting/costpoint * GovWin IQ: a market intelligence product used for information related to agency contract opportunities, spending, and budgets.

References

{{reflist Companies based in Virginia 1983 establishments in Virginia Software companies established in 1983 Software project management Cloud platforms Cloud applications Software companies of the United States Business process management ERP software companies