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commonwealthassociates.net

Investments

2

Portfolio Exits

2

About Commonwealth Associates

Headquarters Location

830 3rd Avenue

New York, New York, 10022-6574,

United States

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Latest Commonwealth Associates News

Top 10 Engineering and Consulting Services Firm Commonwealth Associates Implements Deltek ERP

Jun 11, 2015

June 11, 2015 -- HERNDON, Va. (PRWEB) June 11, 2015 Deltek, the leading global provider of enterprise software and information solutions for professional services firms and other project-based businesses, today announced that Commonwealth Associates, Inc. an engineering and consulting services company has completed its implementation of Deltek Vision. The firm is using Deltek Vision across the enterprise to better plan its projects, achieve greater visibility into critical metrics, and strengthen financial controls. Commonwealth Associates, Inc., profiled among the 2015 Top 10 U.S. Design Firms by EC&M Magazine, provides engineering and consulting services to utilities, independent power producers, government, industrial leaders, and some of the worlds most prestigious academic, research, and healthcare institutions. The company offers its clients a complete package of services ranging from program management to detailed substation and transmission line design, to electrical systems planning and protection. Prior to purchasing and implementing Deltek, Commonwealth had too many systems and manual processes in place that werent supported by a unified ERP platform. That lack of a single system and data source started to limit its ability to analyze business, make informed decisions, and grow at the rate it knew it could. Commonwealth invested in Deltek because it wanted one system of record to deliver a single source of data for performance analytics and better decision-making. With Deltek Vision now in place, Commonwealth has the visibility and control it needs to manage the complete project lifecycle, ensuring that critical project and company information is just a click away. We knew we needed a project-based ERP system to align with our momentum and growth, and Deltek is the industry standard across the A&E industry. After a thorough evaluation, we knew it was the right fit for us, said Craig Tapley, CFO at Commonwealth Associates. Commonwealth hired me to bring the organization up to speed, to get rid of the manual processes of the past, and to find efficiencies, and Deltek is a large part of our equation for change throughout our organization. With Deltek implemented, we already are seeing benefits in our reporting. Never before have we had this level of ability to develop and manage department level profitably and tie that back to financial statements. Our promise to our clients is that they can Connect With Confidence. Thats how we feel about the data and insights coming from Deltek Vision. We are thrilled that Commonwealth Associates has successfully implemented Deltek and is now realizing the benefits of our Vision solution, said Tom Mazich, EVP and General Manager of North America at Deltek. Deltek Vision was purpose-built for architecture & engineering firms like Commonwealth, and leading firms around the world are using Deltek to better understand performance, why problems occur, the impact on the business, and what firms can do to enhance performance. We are excited to continue our partnership with Commonwealth and follow their continued success in the marketplace. About Commonwealth Associates Commonwealth Associates, Inc. is a leading engineering consulting firm to the electric power industry. Commonwealth, ranked 7th in the nation among the 2015 Top 40 Design Firms by EC&M Magazine and a 2015 Top 500 Design Firm by annual revenue by Engineering News-Record, provides a full range of engineering and consulting services necessary to successfully plan and construct power generation and high voltage electric transmission line and substation projects throughout the United States and Canada. Services offered include: program management, system planning, transmission and distribution line engineering, substation engineering, land acquisition, and environmental permitting. http://www.cai-engr.com . Follow us on Facebook at http://www.facebook.com/commonwealthassociates or on Twitter @caiengr_dot_com. About Deltek Deltek is the leading global provider of enterprise software and information solutions for government contractors, professional services firms and other project- and people-based businesses. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 20,000 organizations and millions of users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, recruit and develop talent, optimize resources, streamline operations and deliver more profitable projects. Deltek Know more. Do more.® http://www.deltek.com Follow us on Twitter @Deltek or fan us on Facebook at http://www.facebook.com/deltekinc ###

Commonwealth Associates Investments

2 Investments

Commonwealth Associates has made 2 investments. Their latest investment was in Harmony Software as part of their Series C on June 6, 2000.

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Commonwealth Associates Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/13/2000

Series C

Harmony Software

$22M

Yes

7/8/1999

Unattributed VC - II

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$99M

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0

Date

6/13/2000

7/8/1999

Round

Series C

Unattributed VC - II

Company

Harmony Software

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Amount

$22M

$99M

New?

Yes

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Co-Investors

Sources

0

Commonwealth Associates Portfolio Exits

2 Portfolio Exits

Commonwealth Associates has 2 portfolio exits. Their latest portfolio exit was Knova Software on March 22, 2007.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/22/2007

Acquired

$99M

10/11/2002

Acquired

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$99M

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0

Date

3/22/2007

10/11/2002

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

0

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