SOURCE: Software Equity Group, L.L.C.

Software Equity Group, L.L.C.

July 15, 2013 13:11 ET

Software Equity Group's Client, Acumen PM, Acquired by Deltek

SAN DIEGO, CA--(Marketwired - Jul 15, 2013) - Software Equity Group, LLC (SEG) announced today its client, Acumen PM, LLC, a leading provider of project planning, analytics and risk management solutions to the world's largest energy, aerospace & defense, and construction & engineering firms, has been acquired by Deltek, the leading global provider of enterprise software and information solutions for professional services firms and government contractors.

For thirty years, Deltek has delivered project and integrated program management (IPM) solutions for project-based businesses. Thousands of organizations around the world use Deltek's cost, schedule, and resource management solutions to profitably deliver projects for their customers. Acumen enhances Deltek's planning capabilities, giving companies more power to optimally plan and manage projects from beginning-to-end in alignment with the realistic goals and constraints of their businesses.

"We are thrilled to become part of Deltek and to take the next step in the Acumen journey," said Dr. Dan Patterson, president and CEO of Acumen. "In Deltek, we have found a fantastic partner that shares our goal of propelling project-based businesses to new heights of financial performance. Key to achieving that is making sure that projects are built upon a sound, realistic and achievable schedule basis, something that has been an elusive goal in the project management process."

"Acumen is a very successful company that offers innovative solutions unmatched in the marketplace," said Mike Corkery, president and CEO of Deltek. "We share a common commitment to improve how our customers manage their projects, programs and overall business. We welcome Dan Patterson and the entire Acumen team to Deltek and look forward to growing our business together."

About Software Equity Group

Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, the firm has guided and advised companies on five continents, including privately-held software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. SEG has represented public companies listed on the NASDAQ, NYSE, American, Toronto, London and Euronext exchanges, and also advises several of the world's leading private equity firms. Software Equity Group has been ranked among the top ten investment banks worldwide for application software mergers and acquisitions.

The sale of Acumen to Deltek is SEG's second announced transaction this month.

Contact Information

  • For more information:
    Allen Cinzori
    (858) 509-2800
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