Tuesday, October 23, 2007

Software Firm Helps Companies Manage Big Projects

Software Firm Helps Companies Manage Big Projects: "When companies are busy tackling big projects, Deltek is taking on the smaller ones. The project management software firm helps architects, engineers, government contractors and others track people and resources. Those small jobs add up to a big business. Enterprise software was a $17.4billion market in 2005, according to research firm IDC. Looking ahead, analysts think it will grow to $22.9 billion by 2010. The growth of the service-based economy drives demand for such tools. The Web-based software is relatively inexpensive, too, putting it within reach of small and midsize companies. Deltek says it's in the right place to serve that market. It has contracting giants such as Boeing (NYSE:BA) BA and SAIC SAI as customers. But 98% of its customers have fewer than 1,000 employees. It's looking to expand overseas, too. It serves customers in about 60 countries, but generates less than 5% of its license revenue from outside the U.S."


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