Newest Releases of Deltek’s Industry-Leading Software Solutions Deliver Enhanced Functionality to Project-Driven Organizations and Government Contractors

HERNDON, Va.--Deltek, Inc. (NASDAQ:PROJ), today announced the general availability of the newest versions of the Costpoint product family – Costpoint 6.1, Time & Expense 8.0, and GovWin 5.1. In addition to offering new functionality that spans the entire Costpoint family of solutions, these new releases further strengthen the integration to Cobra, Deltek’s industry-leading offering for managing project costs, measuring earned value, and meeting government mandated Earned Value Management (EVM) reporting requirements.

Delivering significant enhancements, these new releases will help project-focused organizations drive compliance, increase profitability, improve decision-making, and win new business. In addition, they automate and streamline project-oriented business processes so project-driven organizations can more effectively track, manage and report on critical organizational metrics and meet today’s strict compliance and auditing requirements.

"These important releases further strengthen our industry-leading solution suite designed for large, complex project-driven organizations,” said Rick Lowrey, Executive Vice President of Products and Strategy for Deltek. “We are committed to regularly improving our solution suite across all of its integrated modules. This latest set of releases delivers those improvements and offers even further improved integration to our overall project management solutions.”

Containing a comprehensive set of enhancements, these latest set of releases bolster performance and scalability, increase compliance capabilities, and strengthen overall enterprise-class functionality as briefly outlined below.

• Costpoint 6.1 offers enhancements that further strengthens security, lowers deployment costs and improves the performance and scalability of the system. In addition to enhanced application security and support for Microsoft Windows Vista™, Costpoint 6.1 offers numerous functional improvements including Award Fee Revenue and PO Voucher modifications.
• Time & Expense 8.0 offers usability improvements and enhanced compliance capabilities, making it even easier to automate the collection, validation, approval, and processing of labor, expense and human resource-related information. Specific enhancements include exception-based timesheets, additional per diem support, multiple start/stop times and the ability to import Visa® transactions.
• GovWin 5.1 offers both technology and functional enhancements that work together to help organizations win new business. Technology enhancements include Document Management support for SharePoint 2007 and Microsoft Office Desktop Integration (MODI) support for mobile CRM, allowing users to conduct business from virtually any location.

In addition to the enhancements listed above, these new releases will allow for seamless integration between Costpoint and Cobra, Deltek’s industry leading Earned Value Management (EVM) solution. This enhanced integration delivers complete flexibility to map Costpoint projects to Cobra programs, thus streamlining the complexities in managing programs, projects and complex earned-value analysis and management.

ABOUT DELTEK

Deltek, Inc. (NASDAQ: PROJ), is the leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. More than 12,000 customers worldwide rely on Deltek to measure business results, optimize performance, streamline operations and win new business. Visit www.deltek.com.