Home / M&A Activity / Deltek Wraps Up $70M Onvia Purchase

Deltek Wraps Up $70M Onvia Purchase

Deltek has closed its $70 million cash acquisition of Onvia in a move to expand the delivery of public sector procurement data and market intelligence to government contractors.

Deltek said Friday it will combine Onvia with its GovWin IQ market intelligence platform for GovCon companies through the transaction originally announced in October.

Onvia’s board of directors unanimously approved the transaction in which Deltek’s parent firm – Project Diamond Intermediate Holdings – assumed majority of the former’s outstanding common stock for $9 per share.

Mike Corkery, president and CEO of Deltek, said the acquisition would allow the firm to offer clients with expanded offerings designed to help secure more business opportunities and support project pursuits.

Onvia stopped trading on Nasdaq Friday as a result of the transaction and its stock closed at $9 per share.

Check Also

DISA to Procure Cybersecurity Services Through NIH IT Contract Vehicle

The Defense Information Systems Agency will use the National Institutes of Health’s Information Technology Acquisition Assistance Contract to procure cybersecurity services instead of conducting a full and open competition for the procurement effort, Nextgov reported Tuesday.

VMware’s Bill Rowan on Tech Platforms That Could Help Agencies Modernize Employee Mobility Experience

Bill Rowan, vice president of federal sales at VMware (NYSE: VMW), wrote in a GCN article published Tuesday that there are three technologies federal agencies can adopt to transform the mobility experience of their employees and adhere to security policies and one of them is an enterprise mobility management system.