Deltek, a portfolio company of Thoma Bravo, said Monday that it has acquired Acumen. No financial terms were disclosed. Based in Austin, Texas, Acumen is a provider of project management solutions and services.
HERNDON, Va. and AUSTIN, Tx. – July 15, 2013 – Deltek, the leading global provider of enterprise software and information solutions for professional services firms and government contractors, today announced that it has acquired Acumen, an Austin-based provider of project management solutions and services. Acumen offers innovative project planning, analytics and risk management solutions that help companies develop achievable and profitable projects from start to finish. Companies that use Acumen – including many of the world’s largest energy, aerospace & defense, and construction & engineering firms – are consistently able to deliver complex, multi-million dollar programs on time and on budget.
Acumen, founded by recognized project management experts with decades of experience, was built with one idea in mind – that a good plan makes a great project. Acumen’s solutions help project managers create a sound plan based on a true picture of their business by empowering them to properly account for all of the variables and inevitable risks that can send projects off course.
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. We are excited to be part of Deltek – together, we know we are going to make a big difference to the project management industry.”
“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. Adding Acumen to our portfolio makes our market-leading solutions even stronger and cements Deltek as the place to go for project managers that want to deliver exceptional projects. This acquisition again demonstrates our commitment to continually expanding and enhancing our overall offering for our customers. We welcome Dan Patterson and the entire Acumen team to Deltek and look forward to growing our business together.”
To learn more about the superior combination of Deltek and Acumen, please visit our acquisition landing page.
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The Acumen software suite consists of three products: Acumen Fuse, Acumen Risk, and Acumen 360. Acumen Fuse® helps schedulers, project managers, and analysts to diagnose and resolve shortcomings within the schedule using an advanced library of metrics. Fuse also provides the ability to identify schedule changes, track and evaluate project performance, and even measure earned value and cost information. Acumen Risk™ is a cost/schedule risk analysis software which combines the power and accuracy of a Monte Carlo risk analysis engine with the ease-of-use and straightforward reporting Acumen is known for. Finally, Acumen 360™ rounds out the software suite by helping to create accelerated schedule scenarios which aim to meet a faster project completion goal or to recover slips and delays incurred during execution. See more at www.projectacumen.com.
Deltek is the leading global provider of enterprise software and information solutions for professional services firms and government contractors. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 16,000 organizations and 2 million users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, optimize resources, streamline operations, and deliver more profitable projects. Deltek – Know more. Do more.® www.deltek.com