MPM is an earned value management (EVM) software application used by government contractors and agencies to meet the complex compliance requirements for their programs issued by the US Federal Government. MPM is used by approximately one hundred organizations including 8 of the top 10 aerospace and defense contractors. The solution is compliant with ANSI/EIA-748, and it supports critical programs for Department of Defense, Department of Energy, NASA and Department of Transportation. MPM integrates with Deltek wInsight to create a complete earned value solution for government contractors and agencies.
Through the acquisition of MPM, Deltek extends its leadership position as the largest and most comprehensive provider of earned value management applications in the industry and will expand the earned value product options for Deltek customers. In addition, the MPM solution with its best-in-class, ease-of-use and ease-of-installation will offer more flexibility for contractors who choose to implement earned value processes on a program-by-program basis. For small to medium sized government contractors, this provides a low cost way of implementing an earned value practice center within their organizations.
“This acquisition of MPM adds an important component to our already extensive Enterprise Project Management (EPM) product suite, and it underscores our commitment to leadership in the Earned Value space” said Kevin Parker, president and CEO of Deltek. “The addition of MPM to the Deltek EPM portfolio ensures we can meet the full spectrum of our customers’ needs.”
“With the acquisition of MPM, Deltek stands out as a market leader for earned value management solutions,” said Mike Fauscette, Group Vice President, Software Business Solutions at IDC. “The integration between MPM and wInsight not only provides superior visibility into program performance and forecasts, it also saves the end user the manual effort of moving data from one database to another. This is a big win for government contractors and an even bigger win for the whole earned value industry.”
Total consideration for the acquisition is approximately $16 million in cash. MPM has total annual revenues of approximately $5 million. Deltek expects this acquisition to have no material impact in 2008 and to be accretive in future periods.
Deltek, Inc. (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.