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Deltek Completes Its Acquisition Of Tip Technologies

Sep 26, 2022•almost 3 years ago

Acquiring Company

Deltek

Acquired Company

TIP Technologies

HerndonEnterprise SoftwareSaasInformation TechnologySoftwareQuality AssuranceSoftware

Description

Deltek, the leading global provider of software and solutions for project-based businesses, announced that it has completed its acquisition of TIP Technologies – the leading provider of quality, compliance and manufacturing execution solutions for the highly regulated aerospace and defense (A&D) and government contracting industry. The agreement to acquire TIP Technologies was announced on Thursday, July 14.

Company Information

Company

Deltek

Location

Herndon, Virginia, United States

About

Deltek innovates and delivers software and solutions that power them to achieve their purpose. Our industry-specific software and information solutions maximize our customers' performance at every stage of the project lifecycle by enabling superior levels of project intelligence, management and collaboration. Deltek is the recognized global standard for project-based businesses across government contracting and professional services industries, helping more than 30,000 organizations of all sizes deliver on their mission.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed