Deltek Names Former PeopleSoft Co-President Kevin T. Parker as New CEO.HERNDON, Va. -- Deltek Systems, Inc. today named Kevin T. Parker as the company's new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Parker's appointment brings to Deltek a new level of expertise that will accelerate the company's future growth and success in the ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. marketplace. Ken deLaski, Deltek's co-founder and CEO since 1996, will remain Deltek's Chairman and will play an active role on Deltek's Board of Directors. "Deltek's recognized industry-leading capabilities, customer-focused culture and project-based technology are the key strengths that have enabled the company's remarkable performance throughout the past 20 years, including 23 percent growth in software sales last year alone," Parker said. "I look forward to leveraging these significant strengths and building on Deltek's position as the leading provider of project-based ERP software." Parker was appointed Senior Vice-President and Chief Financial Officer of PeopleSoft in 2000. Beginning in 2004, he operated as both Co-President and CFO See Chief Financial Officer. of PeopleSoft until the company's acquisition by Oracle later that year. During his tenure, he led the efforts to dramatically increase PeopleSoft's operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: and was actively involved in all facets of the business, including directing all shareholder communication and activity during the 18-month Oracle hostile tender offer hostile tender offer An offer to purchase shares from a firm's stockholders when directors of the target firm have recommended that stockholders not sell their stock. . The architect and driving force behind PeopleSoft's innovative Customer Assurance Plan (CAP), Parker also orchestrated PeopleSoft's strategic acquisition of J.D. Edwards (J.D. Edwards & Company, Denver, CO, www.jdedwards.com) A developer of multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. in 2003, which added 7,000 new customers and 6,000 new employees, making PeopleSoft the world's second-largest enterprise software company. Prior to joining PeopleSoft, Parker held senior executive positions with Aspect Communications, leading provider of contact center solutions and services that enable businesses to manage and optimize customer communications, and Fujitsu Computer Products of America, a leading provider of data storage and imaging solutions for the global marketplace. "We feel extremely fortunate to attract an executive with Kevin's experience and abilities to Deltek," deLaski said. "Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , Kevin's business philosophies -- high levels of customer service, technology leadership and employee teamwork -- are very consistent with Deltek's core values. I look forward to working closely with Kevin in the coming months to insure a smooth leadership transition, as well as continuing my role as Deltek's Chairman." Kevin Parker's appointment follows the April 19th majority investment made in Deltek by New Mountain Capital Partners II, L.C., a development that reflects and reinforces Deltek's long-term commitment to growth. Already a recognized ERP leader among project-based businesses, Deltek looks to strengthen its position in its target vertical and SMB markets. ABOUT DELTEK With more than 8,000 customers, Herndon, VA-based Deltek is the leading provider of enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP) solutions for project-based businesses and professional services firms. Founded in 1983, Deltek enables companies to maximize profitability and productivity, integrating all aspects of their businesses. Deltek focuses on the architecture and engineering, IT services, management consulting, construction, systems integration and government contracting markets. Its clients include Bechtel, CACI CACI - A company developing and marketing SIMSCRIPT, MODSIM and other simulation software products. Telephone: +1 (619) 457-9681. , HOK and Verizon. Analyst firm Technology Evaluation Centers This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. declares Deltek "... the ERP leader for professional services industries and other companies focused on project-related work." Deltek Enterprise(TM), Deltek Vision(R) and Deltek GCS GCS Glasgow Coma Scale GCS Guilford County Schools (North Carolina) GCS Ground Control Station GCS Grand Central Station GCS Ground Control System GCS Ground Combat Systems GCS Group Communication Systems Premier(R) power a myriad of front- and back-office applications including accounting, billing, resource planning, budgeting and control, business intelligence, client relationship management and proposal automation, employee time and expense, HR management, procurement and materials management and project management. Deltek Enterprise(TM), Deltek Vision(R), Deltek GCS Premier(R), Deltek Costpoint(R) and Deltek GovWin(TM) are registered trademarks of Deltek Systems, Inc. All other product names used are trademarks or registered trademarks of their respective owners. This press release is available on the Deltek Web site at www.deltek.com. |
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