Recently released FinancialForce PSA Winter ’13 builds on FinancialForce.com’s commitment to making professional services teams more effective, mobile, and social (having been built on the Salesforce Platform and natively embedded with Salesforce CRM). Winter ’13 is based on enhancement ideas submitted online by the company’s growing community of users via the FinancialForce Community portal that was launched in 2012.
UNIT4 has successfully completed a new TEC Certification process for Agresso Business World, its global enterprise resource planning (ERP) solution for people-centric businesses and organizations such as professional services, education and local government.
TEC Certification is designed to help organizations evaluate enterprise software solutions so they can make more informed buying decisions. For a product to be certified, the vendor must complete a detailed research questionnaire and deliver a formal product demonstration to show our analysts the product’s support for a specific set of real-world business processes. Read the rest of this entry »
I’m pleased to announce that the PROMYS project portfolio management for professional service automation (PPM for PSA) solution is now TEC Certified.
TEC Certification is an impartial review that verifies a software product’s ability to address real-world business processes. This review includes a formal product demonstration, which gave me the chance to see the product up close and in depth.
One of the major takeaway messages from salesforce.com’s recent Dreamforce 2010 conference was the company’s diversification within the platform-as-a-service (PaaS) space. Namely, during their keynote presentations, the company’s executives admitted publicly to the Force.com platform’s proprietary nature (i.e., the non-mainstream Apex language), which made them decide recently to decouple the application development layer from the database layer in the cloud (the latter called database.com).
The application layer has been further broken down into several cloud-based application building flavors. To that end, there are the following application development environments that cater to different user constituencies and developer language preferences:
Part 1 of this blog series started with me lamenting my inability to attend the Deltek Insight 2010 conference. However, I recently had an in-depth post-event recap instead with Deltek’s in-the-know staff members.
What then followed in Part 1 were descriptions of the major developments that transpired at Deltek Insight 2010 in terms of already released products and those that were only sneak previewed (but will be released down the track). Part 2 will analyze the corporate announcements and some new (perhaps refreshing) directions, as well as provide a glimpse of what we might expect at Deltek Insight 2011.
The month of May is usually the high season of software vendors’ conferences, but mid-May 2010 was a bit extreme: I was invited to four major user conferences that took place on or about the same dates all over the United States (US). Given that cloning and teleporting technologies are decades away from us, I had to minimize the “damage” by at least picking two events that were relatively physically close to each other.
One event that I had to regretfully decline due to the scheduling conflict was Deltek Insight 2010. I certainly kept my eye on the event via the Twitter chatter and blogosphere (e.g., see a conference report from SPI Research’s principal Dave Hofferberth). More recently, I had an in-depth post-event recap briefing with Deltek’s in-the-know staff members and what follows now are the major developments that transpired at Deltek Insight 2010 (I attempted to put them in logical groups of announcements).
Both the “old” Deltek (pre-2005) and “new” Deltek (from 2005 on) have not been strangers to acquisitions, but these were largely well thought-out and appetizing (“nip in”) purchases of smaller companies that had either an attractive piece of technology or install base (or both). However, in early June 2010, immediately after its Insight 2010 user conference, Deltek announced its intent to acquire Maconomy A/S, a Denmark-based provider of solutions to the professional services market. On July 6, Deltek announced the completion of its tender offer to acquire the European enterprise resourceplanning (ERP) provider.
It has been almost two years since NetSuite Inc. (NYSE: N) went public and my analysis of that blockbuster initial public offering (IPO) event. Needless to say, much has happened at the bullish software company since.
Part I of this blog series explained Deltek’s ebullience despite a hostile and depressed environment, and also analyzed the recent developments (and anticipated future developments) at Deltek’s Professional Service line of business, which is largely represented by Deltek Vision [evaluate this product]. Part II then analyzed the recent developments (and anticipated future developments) at Deltek’s Government Contractors (GovCon) line of business, which is represented by Deltek Costpoint [evaluate this product] and Deltek GCS Premier [evaluate this product].
This final part will focus on Deltek’s Enterprise Project Management (EPM) line of business, which helps companies deal with the ever-growing reporting regulations being imposed by government agencies. Read the rest of this entry »
Well, a few months after Part I of this blog post was published, which focused on Deltek’s pre-New Mountain Capital private equity investment era, the time has finally come for us to analyze why being again publicly traded should (or should not) work better for Deltek this time. If one is to judge merely by the most recent financial figures, it would appear to be working well, but my focus here is on some lingering “softer” issues too.
So, when the new management team took the helm at Deltek in mid 2005, it realized that many good things had happened over the previous two decades at the company, but that one can never be too complacent. Indeed, room for improvements existed in many regards, or at least some challenges could always be turned into opportunities. Read the rest of this entry »
One renowned vendor seems to have contributed to the 2007 holiday shopping season. That would be Irvine, California, the United States (US)-based Epicor Software Corporation (Nasdaq: EPIC). With over 2,500 employees worldwide and with projected 2007 revenues of $414.5 million (not including the pending acquisition), Epicor is the global leader in the mid-market, serving over 20,000 customers worldwide.
With more than 20 years of operating history (since 1984, including a number of acquisitions and name changes), Epicor today delivers comprehensive enterprise software solutions with a sophistication and maturity that competes with Tier One vendors, but typically at a fraction of the cost associated with these bigger brethren solutions. Namely, these large enterprise systems, though highly functional, have traditionally also been quite complex and expensive to purchase, install, integrate, and maintain. Read the rest of this entry »
In the last decade or so of covering the enterprise applications market, I’ve witnessed so many products and vendors disappearing and reappearing under a different name, ownership, etc., but it is for the first time now, at the end of 2007 that I saw basically the same vendor go public for the second time (and in a 10 year timespan). Namely, Deltek (evaluate its flagship product), the leading provider of enterprise applications software designed specifically for project-focused businesses (those with business processes revolving around the engagement, execution and delivery of projects), has done it again. Its common shares begun trading November 1, 2007 on the NASDAQ Global Select Market under the trading symbol “PROJ”. Previously, the company, which was founded in 1983, used to be publicly traded under the symbol “DLTK” from 1997 till late 2002/early 2003, when it was de-listed and went private again (for the time being).
I don’t intend to bore you with the financial figures (about the number of shares offered, its current share value, market capitalization, etc.), since many wire alerts have repeatedly already done so. What is more interesting here is Deltek chief executive officer (CEO), Kevin Parker’s statements that the company — which, as mentioned above, was taken public 10 years ago before being taken private about five years later by the founding deLaski family — launched its second initial public offering (IPO) as a means to boost recognition of the Deltek brand. Parker believes that it is an important time to have a broader audience, and the company is thus focusing on expanding globally. Proceeds from the offering will be used to pay down debt, which Parker said will give the company greater ability to reinvest in the company.
In his recent blog post, Ray Wang of Forrester Research is quite positive and upbeat about the IPO, and fully agrees with Parker’s ideas and justifications. Myself, I often tend to mostly agree with Ray, with the difference that one should always mention some caveats too (and please, can anyone show me a single company without some challenges?). On the other hand, a report that preceded the Deltek IPO by a few months (i.e., it was posted after Deltek’s pre-IPO S-1 filing with the U.S. Securities and Exchange Commission [SEC] ) was quite negative, berating the S-1 filing (especially the “Description of business” part) as sounding so outdated (so 1990-ish), and without any references to the contemporary trends like Service Oriented Architecture (SOA), Software as a Service (SaaS)/On-Demand, Web 2.0, etc. Also, the article opines that the heydays of the Professional Service Automation (PSA) market (one in which Deltek competes) are far behind us (I might agree with the fact that the PSA acronym might be a “goner”, but not really the market opportunity – certainly not in a services economy). Read the rest of this entry »