The acquisition of C/SSI extends Deltek's lead in the enterprise project management sector by incorporating powerful EVM analytics delivered by C/SSI's wInsight(TM) software with Deltek's own advanced EVM engine, Deltek Cobra(TM) -- creating the most complete industry-leading EVM solution on the market. C/SSI wInsight is regarded as the established standard for government agencies in analyzing EVM data from federal contractors, while Cobra is the leading system for managing project costs, measuring earned value, and analyzing budgets, actuals and forecasts.
wInsight enables government contractors and agencies to increase their effectiveness in meeting mandated federal project portfolio management (PPM) and EVM requirements, while providing superior integration between wInsight and Cobra. C/SSI customers include virtually every aerospace and defense contractor, including market leaders such as Lockheed Martin, Boeing, Northrop Grumman and Raytheon. The acquisition will add more than 500 customers to Deltek's existing base of 11,000 clients, including several federal agencies.
"Combining C/SSI's expert knowledge and experience with Deltek's 20-plus-year history serving project-oriented organizations such as federal contractors, this acquisition enables Deltek to deliver the highest quality mission-critical applications to thousands of government contractors and agencies," said Kevin Parker, president and CEO of Deltek. "Together, our superior technologies create industry-leading EVM applications worldwide, enhancing Deltek's position in the project-focused software market."
Along with wInsight, C/SSI also offers additional products to enhance PPM and EVM functions within the enterprise, including C/S Glue, Connect, Briefing Wizard, and Risk+ for MS Project. The acquisition will enhance existing integration between C/SSI's solutions, Deltek Cobra and Deltek Open Plan. Integration and support between C/SSI's solutions and other project management tools will also continue to be a top priority.
"The combination of Deltek and C/SSI delivers the highest standard of quality and functionality among EVM and PPM applications for project-driven businesses," said Gary Troop, president of C/SSI. "Incorporating Deltek's leading enterprise software with our proven EVM technology will bring tremendous benefit to our customers and to the EVM market around the world."
C/SSI is Deltek's third acquisition in the past nine months. In October 2005 Wind2, a leading financial management software firm based in Fort Collins, Colorado, joined Deltek, while Welcom, a global leader in EVM and PPM solutions, was acquired in March 2006. Acquiring Welcom and Wind2 further strengthened Deltek's position in the professional services and government enterprise software markets, adding more than 3,000 customers.
Deltek will acquire C/SSI wholly, including the company's entire employee base and three satellite locations outside Los Angeles, CA; in Tacoma, WA; and in Destin, FL. There are no planned staff reductions as a result of the acquisition.
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