We are extremely pleased to add Lumigent's industry-leading functionality to our Costpoint offering
Herndon, VA (Vocus) February 5, 2009
Deltek, Inc. (NASDAQ: PROJ), the leading provider of enterprise applications software for project-focused organizations, today announced a reselling partnership with Lumigent Technologies, Inc., an industry leader in GRC control systems for financial applications. Deltek has fully integrated Lumigent's AppGRC™ solution for managing risk and compliance with Costpoint, delivering the industry's deepest solution for project accounting, financial management, and corporate governance. This agreement establishes Deltek as the exclusive distributor of Lumigent's AppGRC for Deltek Costpoint™ solution.
The combined solution will drive compliance across all major departments within government contractors. With AppGRC for Deltek Costpoint™, Deltek customers will be able to:
- Provide persuasive evidence of DCAA, SOX and other regulatory compliance to auditors
- Create sustainable compliance policies that flag suspicious behavior and prevent fraud
- Protect Costpoint data with continuous monitoring of the system to detect data anomalies
- Be alerted to compliance vulnerabilities posed by system or configuration changes
AppGRC for Deltek Costpoint™ is an out-of-the-box solution that will automate and support over 600 business processes that are specific to government contractors. Due to the seamless nature of how the solutions work together, Lumigent's AppGRC™ can be implemented with Costpoint in only three days, providing a low-cost, high-value way for government contractors to improve the overall approach and effectiveness of their corporate governance initiatives.
"We are extremely pleased to add Lumigent's industry-leading functionality to our Costpoint offering," said Jim Rogers, Deltek's Vice President of Product Marketing for Government Contracting. "Our customers look to Deltek to provide a comprehensive solution and supporting Government compliance is central to our mission. Lumigent's compliance and governance functionality combined with Costpoint's proven strength in project accounting and financial management gives government contractors a complete solution for ensuring compliance across their organizations."
"Deltek's Costpoint system is unquestionably the leading back and front-office solution that government contractors rely on to run their businesses," said Paul Campaniello, Lumigent's Vice President of Marketing. "The combination of Lumigent and Deltek together has raised the bar for government contractors in the compliance arena, and it gives them a solution with unprecedented capabilities to strengthen internal controls and overall corporate governance procedures."
Deltek® (NASDAQ: PROJ) is the leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. More than 12,000 customers worldwide rely on Deltek to measure business results, optimize performance, streamline operations and win new business. Visit http://www.deltek.com.
Lumigent helps CFOs, CIOs, controllers, and other business executives reduce the cost of meeting Governance, Risk and Compliance (GRC) requirements for their primary business applications. Organizations worldwide use Lumigent's AppGRC™ software solutions to automate compliance reporting in some of the most heavily regulated industries, including financial services, healthcare, manufacturing, and government. Lumigent improves operational efficiencies and mitigates business and financial risk by providing complete visibility into application data activity and automating application-aware controls to maintain the integrity of critical business information. For more information, please visit http://www.lumigent.com.
Lumigent, the Lumigent logo, and AppGRC are trademarks or registered trademarks of Lumigent Technologies, Inc.
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Director, Public Relations and Analyst Relations
TECHMarket Communications for Lumigent