| 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.
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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]
Deltek offers three main accounting software products:
In addition to the main products listed above, Deltek also offers specialized products:
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.