HERNDON, Va., 6 Sept. 2008. Deltek Inc. has acquired the MPM solution and all related assets from Planview Inc.
MPM is an earned value management (EVM) software application used by government contractors and agencies to meet the complex compliance requirements for their programs issued by the U.S. federal government.
MPM is used by approximately 100 organizations, including 8 of the top 10 aerospace and defense contractors.
The solution is compliant with ANSI/EIA-748, and it supports critical programs for the Department of Defense, Department of Energy, NASA, and Department of Transportation. MPM integrates with Deltek wInsight to create a complete earned value solution for government contractors and agencies, says a representative.
"This acquisition of MPM adds an important component to our already extensive Enterprise Project Management (EPM) product suite, and it underscores our commitment to leadership in the Earned Value space," says Kevin Parker, president and CEO of Deltek. "The addition of MPM to the Deltek EPM portfolio ensures we can meet the full spectrum of our customers' needs."
Says Mike Fauscette, group vice president, software business solutions at IDC, says: "The integration between MPM and wInsight not only provides superior visibility into program performance and forecasts, it also saves the end user the manual effort of moving data from one database to another. This is a big win for government contractors and an even bigger win for the whole earned value industry."
Total consideration for the acquisition is approximately $16 million in cash. MPM has total annual revenues of approximately $5 million.
