Deltek to be Acquired by Roper Technologies
- M&A Deals
- 06.12.2016 12:45 pm
Deltek, the leading global provider of enterprise software and solutions for project-based businesses, today announced that it will be acquired by Roper Technologies, a diversified technology company and a constituent of the S&P 500. The acquisition is expected to close by the end of 2016.
Roper Technologies has a successful history of acquiring well-run technology companies in global niche markets that have strong, sustainable growth potential. Given Deltek's track record of revenue and profitability growth and its unmatched position within its core markets, Deltek is an excellent fit for Roper's long-term strategy.
"Roper's acquisition of Deltek is a great outcome for our employees, customers and partners," said Mike Corkery, President and CEO of Deltek. "Roper provides Deltek with a permanent home and a long-term foundation that we can use to further solidify our position as the worldwide leader in solutions for project-based businesses. Roper's commitment to aggressively investing in our products and employees means we will continue to deliver the solutions and expertise that drives significant benefits for our customers."
"We are excited to acquire Deltek," said Brian Jellison, Roper's Chairman, President and CEO. "Deltek offers everything we look for in a Roper company – a specialized focus, innovative products, loyal customers, and a talented team. We look forward to partnering with Mike and the management team to take all that is great about Deltek and accelerate its essential strengths moving forward. As part of the Roper family, Deltek is better-positioned than ever to deliver innovative solutions to the project-based industries that it serves."
Deltek will operate as a distinct company within Roper. Deltek's name, brand, office locations, strategy and global team will not change as a result of this acquisition.
Prior to being acquired by Roper, Deltek was owned by private equity firm Thoma Bravo which purchased the company in 2012.