Deltek agreed to pay $9 cash per share. Based on the 7.3 million shares outstanding on June 30, the deal has a value of roughly $65.8 million. Deltek says the acquisition will strengthen its GovWin IQ market intelligence and information solution products. The company is led by CEO and president Russell Mann, who was hired in January.
DELTEK TO PURCHASE ONVIA Featured
Deltek has entered an agreement to buy Onvia, a Seattle, Wash.-based company, which markets sales intelligence and acceleration products for businesses selling to the public sector. Publicly held Onvia had revenue of $25.7 million for the year ended December 31, an increase of 4.2 percent from $23.5 million for 2015.
