Deltek

Deltek

Type	Public
Industry	software
Founded	1983
Headquarters	Herndon, Virginia, United States
Area served	Worldwide
Products	project accounting software

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.

History

The company was founded as Deltek Systems, Inc. by Donald deLaski and his son Kenneth in 1983.

From the beginning, Deltek's niche in the software industry is its focus on developing software for use by companies that are project focused, 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 – the company has from inception been located in the Washington DC area, the location of many such companies). Later, Deltek expanded its marketing focus towards Architect/Engineer and consulting firms (who also must be able to account for costs by project).

In 1984, Deltek delivered its first system, originally named Deltek Government Contracting System, but later renamed Deltek System1, and now known as Deltek GCS Premier.

In 1993, Deltek began developing its next generation of project accounting solutions, which eventually led to the development of Costpoint in 1994, which at the time was a contemporary 4GL client/server project focused ERP. Costpoint allowed Deltek to expand its vertical footprint and eventually became its flagship product.

Deltek began trading publicly in 1997, bought several other companies and products afterward, 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]

In 2010, Deltek acquired European competitor Maconomy and government market analysis company INPUT Inc. On April 1, 2011, Deltek acquired another government market analysis company, FedSources, Inc. In addition, Deltek acquired FedSources Consulting and parent company Washington Management Group (WMG).^[3]

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, like competitors SAP and Oracle, has been specifically designed for use by project-oriented 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.

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 with 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.
• Deltek Sales Order Entry, designed to meet the needs of government contractors who sell on GSA Schedules

Over its history, Deltek has purchased other companies and acquired software packages such as Advantage, Sema4, FMS (Financial Management Software) and Award. However, Deltek is slowly disbanding support for these legacy packages, encouraging the owners to migrate into its core products.

References

1. ^ Griffe Witte (2006-05-10). "Outsider To Become Chairman Of Deltek". washingtonpost.com. http://www.washingtonpost.com/wp-dyn/content/article/2006/05/09/AR2006050901571.html. Retrieved 2008-06-13. 
2. ^ "A Software Insiders Point of View: IPO Watch: Deltek Files S-1". softwareinsider.blogspot.com. 2007-05-09. http://softwareinsider.blogspot.com/2007/05/ipo-watch-deltek-files-s-1.html. Retrieved 2008-06-13. 
3. ^ Deltek (2011-04-01). "Deltek Acquires FedSources and the Washington Management Group". deltek.com. http://www.deltek.com/fedsources/. Retrieved 2011-04-01. 

External links

• Deltek, Inc. Official website