SAN DIEGO, May 17 -- Software Equity Group, LLC (SEG),
a leading investment bank and M&A advisory serving the software and
technology sectors, announced today the sale of its client, Applied
Integration Management (AIM), a consulting services leader in
schedule-driven earned value management (EVM), to Deltek, a leading
provider of enterprise applications software for project-focused
organizations.
AIM is the third Software Equity Group client sold to Deltek in the
past 14 months. Deltek acquired Welcom, a global leader in earned value
management (EVM) and project portfolio management (PPM) solutions in
March 2006, and C/S Solutions, Inc. (C/SSI), the world's principal
producer of Business Intelligence tools for the EVM marketplace, in
July, 2006.
"The acquisition of AIM is the latest step that Deltek is taking in
delivering the market leading solutions for EVM and enterprise project
management markets," said Kevin Parker, president and CEO of Deltek.
"These acquisitions combined with our robust and growing EVM partner
ecosystem position Deltek as the obvious and preferred provider of EVM
solutions." This acquisition will add approximately 40 employees to
Deltek.
California-based AIM provides consulting services based on
implementing a complete EVM solution, as well as the PMWorks suite of
products that offer practical guidance for implementing and using a
quality project management control system. Founded in 1993 by Mark
Patlan and Craig Scott, AIM has quickly established itself as an EVM
leader and has led many of the federal government's project office
efforts to implement integrated systems.
About Software Equity Group (SEG)
Software Equity Group is an investment bank and M&A advisory
serving the software and technology sectors. Founded in 1992, the firm
provides both sell-side and buy-side representation to privately-held
companies, U.S. and foreign public companies, and several of the
world's leading private equity firms. SEG has advised and guided
software and technology companies in the United States, Canada, Europe,
Asia Pacific, Africa and Israel. The firm's quarterly Software Industry
Equity Reports are read by some 15,000 software industry executives,
entrepreneurs and equity investors. For more information, visit
http://www.softwareequity.com/.
Software Equity Group, LLC
CONTACT: Allen Cinzori, +1-858-509-2800, for Software Equity Group, LLC
Web site: http://www.softwareequity.com/