Deltek to acquire Wis. software company
Herndon tech firm had longtime partnership with TIP Technologies
Herndon-based software company Deltek Inc. announced Thursday it had entered into an agreement to acquire Wisconsin-based TIP Technologies Inc.
Financial details of the transaction were not disclosed. The acquisition is expected to close in the third quarter of 2022.
“For nearly forty years, Deltek has had a relentless focus on government contracting and powering our customers’ success,” Deltek President and CEO Mike Corkery said in a statement. “We’ve had a longstanding partnership with TIP Technologies for many years and mutual customers who are already benefiting from our close integration. This acquisition is a natural evolution of our partnership and will create a more effortless way for our customers to get the combined benefits of our collective solutions.”
Founded in 1989, TIP Technologies provides quality management system (QMS) and manufacturing execution system (MES) solutions to government contractors, aerospace and defense clients and engineer-to-order firms.
“We are very excited to announce this new combination of Deltek and TIP Technologies,” Mike Miller, founder and CEO of TIP Technologies, said in a statement. “By partnering with Deltek, we will be able to deepen our capabilities and provide more value to our customers.”
Deltek provides enterprise software and information solutions for project-based businesses. The company has more than 30,000 clients in more than 80 countries.