Software Firm Helps Companies Manage Big Projects

Software Firm Helps Companies Manage Big Projects: "When companies are busy tackling big projects, Deltek is taking on the smaller ones. The project management software firm helps architects, engineers, government contractors and others track people and resources. Those small jobs add up to a big business. Enterprise software was a $17.4billion market in 2005, according to research firm IDC. Looking ahead, analysts think it will grow to $22.9 billion by 2010. The growth of the service-based economy drives demand for such tools. The Web-based software is relatively inexpensive, too, putting it within reach of small and midsize companies. Deltek says it's in the right place to serve that market. It has contracting giants such as Boeing (NYSE:BA) BA and SAIC SAI as customers. But 98% of its customers have fewer than 1,000 employees. It's looking to expand overseas, too. It serves customers in about 60 countries, but generates less than 5% of its license revenue from outside the U.S."

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Deltek Is A Strong Performer In Enterprise Apps Software Licensing And Pricing by R "Ray" Wang - Forrester Research

Deltek Is A Strong Performer In Enterprise Apps Software Licensing And Pricing by R "Ray" Wang - Forrester Research: "Deltek, a provider of project-based solutions, debuted as a Strong Performer in the large enterprise edition and Strong Performer in the SMB edition of our survey. Deltek offers minimal options in usage-based metrics, and also delivers average support for the enterprise software licensee bill of rights (LBoR). Deltek might be considered by organizations that seek a limited set of usage-based metrics in the project-based solutions (PBS) market."

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New Mountain poised for big gain in Deltek IPO (Tech Confidential - Behind The Money Blog)

New Mountain poised for big gain in Deltek IPO (Tech Confidential - Behind The Money Blog): "New Mountain Capital LLC stands to realize nearly 5 times its initial investment when Deltek Inc., a business software provider it bought in 2005, goes public. The buyout shop, based in New York, acquired Deltek for $180 million, which included $105 million in equity and $75 million in debt. Herndon, Va.-based Deltek filed Friday to sell 9 million shares in an initial public offering at $17 to $19 each via bookrunner Credit Suisse Group. At the midpoint price of $18, the transaction would produce $162 million. Currently, New Mountain owns about 74%. It plans to sell about 3.9 million shares in the IPO. Afterward, the firm will have a 57.6% stake, or 25.2 million shares, not including an overallotment option. At $18 a share, New Mountain stands to gain $70.2 million from the offering. Its remaining holding will be valued at roughly $454 million. Including unrealized gains and the sale of shares, New Mountain could realize 4.99 times its initial investment."

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