Deltek has acquired ProPricer, a provider of proposal pricing technologies for government contractors and federal agencies.
The purchase will broaden Deltek’s portfolio and support the expansion of its client base, the Herndon, Virginia-based enterprise announced on Wednesday.
“Deltek has long been considered the gold standard in government contracting – and we are continually looking at ways to add more value for our customers,” said Mike Corkery, president and CEO of Deltek.
ProPricer’s software is designed to make the development, submission, evaluation, negotiation and auditing of proposal pricing more efficient and accurate. It is able to store historical proposal data and produce a variety of reports that can help government contractors create original proposals, conduct predictive analyses and integrate proposal data.
The company was established in 1984 and currently works with a number of U.S. defense contractors and firms that use Deltek’s offerings. Corkery said Deltek is “committed to continuing the partnerships ProPricer has cultivated the last 40 years.”
ProPricer entered the Deltek Marketplace in 2022 to make its platform more accessible to its Costpoint and Cobra customers, and the company has since added a Costpoint integration to improve user experience for Deltek clients. This acquisition will enable the two organizations to work collaboratively to improve the speed and accuracy of the estimating cycle, enhance bid quality and accuracy and maintain proposal consistency to support growth.
“We are extremely excited for the new opportunities this acquisition brings to Deltek Project Nation, including those with ProPricer customers, partners and other ERP providers,” said Corkery.
Joe Shurance, CEO and founder of ProPricer, called the acquisition “the next evolution of ProPricer’s partnership with Deltek.” He said it will speed up the company’s momentum and streamline the process for customers to access ProPricer and “the combined benefits of our collective solutions.”
The terms of the transaction were not disclosed.