Deltek, Inc. is a leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, the company’s 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. Deltek customers include 80% of Engineering News Record 2007 Top 500 Design Firms and 82% of the Washington Technology 2007 Top 100 Federal Contractors. Deltek employs over 1,100 professionals in fourteen domestic and international locations who develop, market and support Deltek’s front- and back-office applications.
New Mountain acquired a majority ownership position in Deltek in April 2005, as a result of the firm’s work and experience in the federal IT services space. New Mountain’s portfolio company, Apptis, Inc., is a Deltek customer and it became clear to the firm through its work with Apptis, that Deltek holds an exceptionally strong position as the software provider to the industry. Deltek’s founding family retained a large ownership stake in the business, and New Mountain negotiated this purchase with Deltek on an exclusive basis without auction due to New Mountain’s proven ability to add value at its other portfolio companies.
In November 2007 Deltek completed its initial public offering on the NASDAQ Stock Market and was traded under the symbol “PROJ” before going private in 2012.