Dennis Byron (Research 2.0)

Deltek IPO: Arriving A Decade Late To The ERP Debutante Ball

Thanks for catching that error Rob. As I said, I was giving the Deltek S-1 a quick read.

That doesn't change my IT investment research opinion however: PSA is a bad bet to start with, the competitive set has changed since PSA's hey day, ERP has become commoditized in the last 10 years, all the big guys are all over government contracting (and all the other important industries noted by Deltek), and the governance structure penalizes investors unless they are just looking for a quick in and out.

If it is a quick in and out bet, I don't see the kind of bounce of the old days of ERP (maybe Deltek itself experienced it).

Thanks again.