Deltek sells to private firm for $1.1 billion

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After weeks of speculation, Deltek is being sold to Thoma Bravo, a private equity firm for $1.1 billion in cash. Herndon-based Deltek, which sells enterprise software solutions to government contractors and is the leading provider of government market analysis for the contracting community, has been an active acquirer in recent times.  In September 2010, the company acquired INPUT for $60 million and then acquired FedSources for $28 million in March of 2011 to build out its

2012_08_Deltek Deltek, CEO – Kevin Parker

GovWin platform and give it a stranglehold on the government analysis market.

“Over the past seven years, we have successfully executed our long term plans for Deltek to enter new markets, grow internationally, and expand our industry-leading solutions for project-based companies,” said Kevin Parker, Deltek’s president, CEO and Chairman of the Board.

He continued, “Throughout our journey, New Mountain Capital gave us outstanding support and was instrumental in building the Deltek of today. We’re very excited about the opportunity to continue Deltek’s successful journey in partnership with Thoma Bravo.”

The transaction is expected to close during the fourth quarter of 2012, the company said. After the acquisition closes, Deltek will remain headquartered in Herndon, and will continue to be led by its existing senior management team.

Deltek will also become a privately held company and its stock will no longer trade on the NASDAQ following the acquisition’s close later this year.

“We have a long history of investing in highly respected and industry-leading software companies,” said Orlando Bravo, managing partner at Thoma Bravo. “In Deltek, we found a vertical market leader with unmatched solutions, a loyal and broad customer base, passionate employees and significant organic and acquisition-led growth opportunities, and the firm is confident in our approach and experienced in leveraging such assets to drive growth.”

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Deltek, Federal Business Opportunities, Kevin Parker
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