Combined company will serve all major segments within the professional services market and will have significant geographic reach across North America and Europe

HERNDON, Va. — (BUSINESS WIRE) — June 3, 2010 — Deltek, Inc. (Nasdaq: PROJ), the leading provider of enterprise applications software and solutions for project-focused businesses, today announced a tender offer for 100% of the stock of Maconomy A/S (Nasdaq OMX: MACO). The offer is for DKK 20.50 (approximately USD $3.39) for each Maconomy share. The Maconomy Board of Directors has unanimously approved the tender offer and recommended to Maconomy’s shareholders that they tender their shares. Members of Maconomy’s Board of Directors and Executive Group and Maconomy’s two largest shareholders (combined representing approximately 40% of the outstanding share capital) have agreed to tender their shares to Deltek. The tender offer is expected to close in early July and will be funded with Deltek’s existing cash on hand.

Maconomy is an international enterprise software company based in Denmark that offers solutions to the professional services market. Maconomy has more than 600 customers in approximately 60 countries and has a significant presence among top advertising, public relations, accounting and consulting companies, complementing Deltek’s market-leading position in the architecture and engineering and management consulting vertical markets. For the full year of 2009, Maconomy had revenues of DKK 220m (approximately $41 million), and revenues of DKK 56.7m (approximately $10.5 million) in the first quarter of 2010.

Benefits of the Deltek and Maconomy Combination

Deltek and Maconomy are an excellent strategic match, and the combination pairs two best-in-class companies that are leaders in their respective markets. This combination offers multiple benefits for both companies, including:

• Expanding Deltek’s geographic reach – Both companies have a complementary geographic presence and unique strengths in North America and Europe. Maconomy’s large presence in Europe is an ideal complement with Deltek’s strong position in the U.S. market. Together, both companies will be able to expand their reach internationally and better sell and support customers in new geographies and markets.
• Adding complementary vertical markets – The combined company will cover all major segments of the professional services market. With over 80% of the Engineering News Record 2009 Top 500 Design Firms as customers, Deltek is the established market leader selling software solutions to the architecture and engineering vertical market and other project-oriented customers. Maconomy has hundreds of customers spanning the advertising, public relations, accounting, and consulting markets and is a strong complement to Deltek’s established project-focused vertical markets.
• Building on a shared vision and mutual long-term goals – Deltek and Maconomy share similar vision and goals, including an intense focus on delivering world-class solutions to professional services organizations, a common mission to drive innovation for project-focused organizations, and a passion for customer success. Both companies will build on their shared corporate culture and goals to propel the combined company to new heights.

“We are very excited to combine Maconomy’s industry-leading capabilities and domain expertise with Deltek, and we are committed to investing in both the Maconomy and Deltek product suites to provide maximum value and flexibility to our customers,” said Kevin Parker, Deltek’s president and CEO. “There are obvious strategic opportunities from this combination, and Maconomy’s innovative software solutions and geographic reach perfectly complement Deltek’s existing offerings for professional services firms. By merging the two organizations together, we will accelerate growth internationally, penetrate new markets around the world, and deliver new, innovative functionality to our customers.”

“Aligning ourselves with Deltek is the perfect strategic move for Maconomy,” said Hugo Dorph, CEO of Maconomy. “Deltek and Maconomy have existing strengths that are completely synergistic, and together we will go to market with a clear goal of powering the world’s leading professional services organizations wherever they are. Deltek and Maconomy share a passion for partnering with our customers to deliver game-changing results for their organizations. I look forward to working with the world-class people at Deltek who share our commitment to building the world’s leading provider of solutions to project-focused organizations.”

Summary of Deltek's Tender Offer to Maconomy Shareholders

Deltek is offering the shareholders of Maconomy DKK 20.50 per share, in cash, for each Maconomy share held by tendering shareholders. The offer price represents a premium of approximately 50% over the closing price for Maconomy’s shares on June 1, 2010. The offer period is scheduled to remain open for a period of four calendar weeks, closing on July 1. An announcement of the completion of the tender offer is expected to occur on or about July 6, 2010. The tender offer is subject to conditions, including that valid acceptances of the tender offer in respect of an aggregate of more than 90% of Maconomy’s shares are received. Upon completion of the tender offer, Deltek intends to initiate a compulsory acquisition procedure with a view to acquiring the remaining Maconomy shares not owned by Deltek and to apply for a delisting of Maconomy’s shares from Nasdaq OMX. For more details on the tender offer, please reference the Form CB to be filed by Deltek in connection with this tender offer.