August 28, 2012 – ERP vendor Deltek Inc. announced it has reached an agreement with investment firm Thoma Bravo for $1.1 billion cash to become a privately held company.

The proposed agreement pays $13 cash per share, 24 percent more than its closing amount on June 11, the day before Deltek shared information on its possible sale to “interested parties” and their advisers on a confidential basis. No further information was available about this shared information or a related dip in its stock price, which had fluctuated after that date but rose on a July story by the Wall Street Journal alluding to an auction of Deltek.

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