"We're very proud of what we've accomplished during our partnership with Deltek. Over the past four years, the company has experienced tremendous growth and has further solidified its position as the market leader in software and solutions for project-based businesses" said Holden Spaht, a managing partner at Thoma Bravo. "Roper is the perfect new partner to help Deltek continue its momentum, and we look forward to hearing about its ongoing innovation and success."
"With the help and support of Thoma Bravo, Deltek has been able to invest in our solutions portfolio and expand the scope of markets in which we compete," said Mike Corkery, CEO and President at Deltek. "This partnership has positioned us for future success, and we look forward to continuing to grow our business as a part of Roper Technologies."
About Thoma Bravo
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, PowerPlan, Riverbed, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.
Deltek is the leading global provider of enterprise software and information solutions for government contractors, professional services firms and other project-based businesses. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 22,000 organizations and millions of users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, recruit and develop talent, optimize resources, streamline operations and deliver more profitable projects. Deltek – Know more. Do more.® www.deltek.com
For Thoma Bravo:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/thoma-bravo-completes-sale-of-portfolio-company-deltek-to-roper-technologies-300383875.html
SOURCE Thoma Bravo, LLC