| Deltek Systems, Inc. | |||
| (www.deltek.com) | |||
| Ticker: | DLTK | 8280 Greensboro Drive | |
| Exchange: | NASDAQ-National Market | Mclean, VA 22102 | |
| Industry: | High-Tech (SIC Code 7371) | (703) 734-8606 | |
| Type of Shares: | Common Shares | Filing Date: | 12/19/96 | |
| U.S. Shares: | 2,900,000 | Offer Date: | 2/25/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,700,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 1,200,000 | Gross Spread: | $0.77 | |
| Offering Amount: | $34,800,000 | Selling: | $0.43 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 16,862,750 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| Issuer's Law Firm: | Gray Cary Ware & Freidenrich |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $26.85 | $24.37 | $18.52 | Assets: | $18.38 |
| Net Income: | $6.24 | $3.88 | $4.18 | Curr Assets: | |
| EPS: | $0.40 | $0.25 | Liabilities: | $11.19 | |
| Prior EPS: | $10.31 | $8.17 | Curr Liabilities: | ||
| Cash Flow/Oper: | $10.67 | Equity: | $7.19 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops, sells and supports a family of integrated software products that provide project-oriented businesses with tools to more effectively manage, operate and grow their operations. The company's products address the enterprise-level needs of project-oriented businesses and allow these organizations to manage financial and project accounting, compute costs and revenues on a project-by-project basis, submit accurate and detailed bills, comply with complex industry-specific and regulatory requirements, administer employee time collection, labor costing and payroll, automate materials management functions, and empower their managers with timely and pertinent information. The company also provides a full range of consulting and maintenance services to assist its customers with system implementation and integration and to provide training and ongoing support for the company's software products. |
| Competition |
| The business application software market, including the market for client/server-based business software systems, is intensely competitive and rapidly changing. The company's products are targeted toward a wide range of project-oriented organizations, and the competition that the company encounters varies depending upon the customer's size, industry and specific system requirements. For larger Costpoint implementations, the company's principal competitors include Oracle, PeopleSoft and SAP. |
| Business Plan |
| The company's objective is to strengthen its position as a leading supplier of enterprise-level software systems for project oriented organizations. The company's strategy includes the following key elements: 1) target additional project-oriented market; 2) leverage large installed customer base; 3) expand and enhance product line; 4) maintain technological leadership; 5) differentiate through superior service. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including potential acquisitions. |