Deltek Puts Up The For Sale Sign

According to a report today by The Wall Street Journal software publisher Deltek has put itself up for sale in an auction where the price could be $900m to $ 1 billion.

According to the report Deltek hired investment banker Greenhill and Company to run the process which is expected to gather interest mainly from private equity companies.

The company has gone from being public in 1997-2002 before going private  in 2002 and public again in 2007.

New Mountain Capital LLC presently owns about 59% of the company which reported $341 million in revenues last year.

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