But since the company had $384 million in revenue last year, it's possible management considers it too small to compete with the giants in the business or its top investor wants to cash out. At least those are standard reasons for deals. We can speculate until the cows come home, but what do cows know about M&A anyway? If I had to pick a company that would make a good parent it would be Deltek, primarily for the fact that it emphasize verticals and has shown its willingness to spend money. Infor spent $2 billion to buy Lawson, which $736.4 million in revenue for its last year as an independent company so you can speculate on the multiple it might take to land Deltek. The WSJ report was that Deltek had hired Greenhill & Co to help with the process and that the deal could bring in between $900 million and $1 billion. If you add a good amount of dollars for 2011 to the Lawson total, I'd say the same multiple would put a Deltek deal in that range. It may not be related by the Delaski family, which founded the company, had more than 2 million shares sold for zero dollars in June.