Home / News / Deltek Names Former Peoplesoft Co-President Kevin T. Parker As New CEO
June 21, 2005

Deltek Names Former Peoplesoft Co-President Kevin T. Parker As New CEO

HERNDON, VA (June 21, 2005) – Deltek Systems, Inc. today named Kevin T. Parker as the company’s new CEO. Parker’s appointment brings to Deltek a new level of expertise that will accelerate the company’s future growth and success in the ERP marketplace. Ken delaski, Deltek’s co-founder and CEO since 1996, will remain Deltek’s Chairman and will play an active role on Deltek’s Board of Directors.

“Deltek’s recognized industry-leading capabilities, customer-focused culture and project-based technology are the key strengths that have enabled the company’s remarkable performance throughout the past 20 years, including 23 percent growth in software sales last year alone,” Parker said. “I look forward to leveraging these significant strengths and building on Deltek’s position as the leading provider of project­based ERP software.”

Parker was appointed Senior Vice-President and Chief Financial Officer of PeopleSoft in 2000. Beginning in 2004, he operated as both Co-President and CFO of PeopleSoft until the company’s acquisition by Oracle later that year. During his tenure, he led the efforts to dramatically increase PeopleSoft’s operating margin and was actively involved in all facets of the business, including directing all shareholder communication and activity during the 18-month Oracle hostile tender offer. The architect and driving force behind PeopleSoft’s innovative Customer Assurance Plan (CAP), Parker also orchestrated PeopleSoft’s strategic acquisition of J.D. Edwards in 2003, which added 7,000 new customers and 6,000 new employees, making PeopleSoft the world’s second-largest enterprise software company.

Prior to joining PeopleSoft, Parker held senior executive positions with Aspect Communications, leading provider of contact center solutions and services that enable businesses to manage and optimize customer communications, and Fujitsu Computer Products of America, a leading provider of data storage and imaging solutions for the global marketplace.

“We feel extremely fortunate to attract an executive with Kevin’s experience and abilities to Deltek,” deLaski said. “Most importantly, Kevin’s business philosophies – high levels of customer service, technology leadership and employee teamwork – are very consistent with Deltek’s core values. I look forward to working closely with Kevin in the coming months to insure a smooth leadership transition, as well as continuing my role as Deltek’s Chairman.”

Kevin Parker’s appointment follows the April 19th majority investment made in Deltek by New Mountain Capital Partners II, L.C., a development that reflects and reinforces Deltek’s long-term commitment to growth. Already a recognized ERP leader among project-based businesses. Deltek looks to strengthen its position in its target vertical and SMB markets.

Deltek® (NASDAQ: PROJ) is the leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. More than 12,000 customers worldwide rely on Deltek to measure business results, optimize performance, streamline operations and win new business. Visit www.deltek.com.

For further information contact:
Warren Brown, VP of Strategic Communications, Deltek
703.885.9746, [email protected]