"The acquisition of Welcom strategically complements Deltek's 20-plus-year standing as the worldwide leader in enterprise management software for project-focused organizations," said Kevin Parker, president and CEO of Deltek. "Welcom's expertise in EVM and PPM will enable the combined company to offer one of the most advanced PPM solutions available in the market and deliver a broader array of integrated mission-critical applications to our project-focused clients."
The acquisition will add more than 250 Fortune 1000 companies, including marquee names such as General Dynamics and BAE Systems, to Deltek's existing base of 11,000 clients. Welcom's established presence in the European, Asian and Australian markets will also create additional channels for Deltek to continue to expand its presence outside the United States.
"The combination of Deltek and Welcom creates a powerhouse focused on comprehensive PPM and enterprise management solutions for project-based businesses," said Steve Cook, president and co-founder of Welcom. "Both companies share a key focus on responsive customer care and a strong commitment to technological innovation, as well as similar business cultures and backgrounds. As a result, our customers will benefit from continued high levels of superior service and support, as well as access to an expanded product portfolio and increased knowledge sharing."
Welcom products, including the market-leading Cobra and Open Plan products, will continue to be developed, licensed, maintained and supported by Deltek. These products will integrate important portfolio analysis, risk management, cost and earned value management, and project collaboration functionality with Deltek's enterprise management solutions, which encompass enterprise resource planning, client relationship management, business performance management and employee efficiency applications.
The Welcom acquisition is Deltek's second acquisition in six months. In October 2005, Deltek acquired Wind2, a leading financial management software firm based in Fort Collins, Colorado. That acquisition added around 3,000 customers to Deltek's existing client base and further strengthened Deltek's position in the professional services market.
With more than 11,000 customers worldwide, Herndon, VA-based Deltek is the leading provider of enterprise management software for project-focused organizations. Founded in 1983, Deltek enables companies to maximize profitability and productivity, integrating all aspects of their businesses. Deltek Costpoint(R), Deltek Vision(R) and Deltek GCS Premier(R) power a myriad of front- and back-office applications including accounting, billing, resource planning, budgeting and control, business intelligence, CRM and proposal automation, employee time and expense, HR management, procurement and materials management and project management. Deltek's clients include Bechtel, CACI, HOK and Verizon. Visit www.deltek.com, or call 800/456-2009 in the U.S. or +44 (0) 20 7518 5010 in the U.K.
Deltek Enterprise(TM), Deltek Vision(R), Deltek GCS Premier(R), Deltek Costpoint(R) and Deltek GovWin(TM) are registered trademarks of Deltek Systems, Inc. All other product names used are trademarks or registered trademarks of their respective owners. This press release is available on the Deltek Web site at www.deltek.com.
Deltek, Herndon Andrea Carl, 703-885-9612 Email Contact or Ricochet Public Relations Michael Matkin, 212-679-3300 ext. 117 Email Contact