Deltek acquires WorkBook

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Enterprise software developer Deltek has acquired Denmark-based WorkBook, a provider of management tools to the advertising agencies.

The move is aimed at boosting Deltek’s expansion in the creative industry. Terms of the deal were not disclosed.

“Adding WorkBook to the Deltek family allows us to further our commitment to the creative industry and bolster our unmatched capabilities across all project-based verticals to help businesses run better,” said Deltek president and CEO Mike Corkery, in a statement. “Like Deltek, WorkBook lives by its core values including customer focus, collaboration, and integrity, which demonstrates to us it’s also a great cultural fit – an important component of any acquisition.”

WorkBook has customers in over 40 countries around the world, with several hundred customers for its ERP solution, whose capabilities include CRM and forecasting, project management and resources, collaboration, and finance and accounting.

“We are excited to announce that we are joining the Deltek family,” said WorkBook CEO and founder Niels Heimburger, in a statement. “Our organizations have decades of experience working with advertising and marketing firms around the globe. Deltek and WorkBook share a unique focus on purpose-built software for project-based businesses – and combined, we will accelerate and improve our client’s business processes. WorkBook couldn’t have found a better home.”

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