Deltek, Inc. (NASDAQ: PROJ) is a software company that specializes in accounting and related software programs to be used by government contractors and similar businesses.

[edit] History

The company dates back to 1983. Deltek Systems, Inc. was founded by Donald deLaski and his son Kenneth deLaski. The primary corporate objective was to automate the accounting requirements for companies that did business with the US federal government. At the time, Deltek had first mover advantage and delivered its first system in mid-1984 named Deltek government contracting system, later known as Deltek System1.

In 1993, Deltek began developing its next generation of project accounting solutions. By 1994, Deltek had released a BETA product named Deltek Costpoint, which at the time was a contemporary 4GL client/server project focused ERP. Costpoint allowed Deltek to expand it's vertical footprint and they began selling solutions to firms that were commerical with little or no government contracting work.

Deltek IPO-ed in 1997, bought several other companies and products, and was taken private in 2002.

In 2005, the company was recapitalized by an organization called the New Mountain Capital, based in New York, NY. It went public again in November 2007.^[1][2]

Deltek's niche in the software industry is its focus on developing software for use by companies that are project focussed, such as government contractors (who must, under U.S. government procurement law, track costs by individual contract, and in some cases by task order or line item). Deltek later expanded its line to market to Architect/Engineer and consulting firms (who also must be able to account for costs by project).

Based in Herndon, VA (just outside of Washington, DC), Deltek has nearly 1300 employees and proudly has acquired 13,000+ customers in 6 or 7 project oriented vertical.

[edit] Product Lines

Deltek offers three main accounting software products:

• Deltek Costpoint – The company's flagship product, Costpoint is an Enterprise Resource Planning software package which, unlike competitors SAP and Oracle, has been specifically designed for use by project orientated businesses. These include larger government contractors who must follow the U.S. Government's cost reporting rules under the Federal Acquisition Regulation and Cost Accounting Standards.
• Deltek GCS Premier – GCS (Government Contractors Software) Premier is an accounting software package targeted at small to mid-size government contractors.
• Deltek Vision – Vision is designed to meet the needs of small to medium sized professional service firms (Architects, Engineers, Consultants) that require a single solution to support Customer Relationship Management (to develop business opportunities), Payroll, Resource and Project management.

Deltek has purchased other companies and acquired software packages such as Advantage, Sema4, FMS (Financial Management Software) and Award. Most of these products are being migrated into the new project oriented software called Vision.

In addition to the main products listed above, Deltek also offers specialized products:

• Cobra (Cost and Earned Value Management to meet the needs of enterprise EVMS systems including ANSI 748)
• Open Plan (Schedule, Risk and Resource management)
• wInsight (Earned Value Analytics and Dashboards)
• WelcomRisk (Qualitative Risk Management)
• WelcomPortfolio (Project Selection and Metric Analysis)
• Risk+ (an add-on to MS Project for Quantative Risk Analysis)
• Deltek Time and Expense and Employee Self Service – a complete timekeeping and expense reporting system which can be used either in conjunction with Deltek's accounting software or as a stand-alone module
• Deltek Performance Management (DPM). Business Intelligence solutions.
• MPM (Cost and Earned Value Management to meet the needs of EVMS systems for single projects)
• Deltek GovWin, a leading business development solution built especially for the unique needs of business development professionals in government contracting firms.

[edit] References

1. ^ Griffe Witte (2006-05-10). "Outsider To Become Chairman Of Deltek". washingtonpost.com. Retrieved on 2008-06-13.
2. ^ "A Software Insiders Point of View: IPO Watch: Deltek Files S-1". softwareinsider.blogspot.com (2007-05-09). Retrieved on 2008-06-13.

[edit] External links

• Deltek, Inc. Official website