Saturday, November 03, 2007

Deltek: No plans for hosted applications

UPDATE 1-Deltek shares fall in market debut | News | New Issues & IPO's | Reuters: [Chief Executive Kevin Parker] "...said the company did not have any plans to roll out 'on demand' versions of its software, which would allow customers to download its applications over the Internet, a backbone of businesses such as (CRM.N: Quote, Profile, Research), and Larry Ellison's NetSuite, which has filed to sell shares in an IPO.

'Resonance for on-demand has been pretty nonexistent' with Deltek customers, Parker said.

The company has made five acquisitions since Parker joined the company in mid-2005, and he said the firm intends to match that pace, boosting growth through acquisitions."


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