Maconomy was a global provider of Enterprise Resource Planning (ERP) software founded in 1989 in Denmark by Per Tejs Knudsen, Philip Dam and Ulrik Jørring. Maconomy was acquired by Deltek in 2010.

History Of Maconomy

Maconomy originates from the company PPU Software A/S, founded in Denmark in 1983. In 1989 PPU Software A/S defined a new strategy based on a new base technology, which was encapsulated in a subsidiary called PPU Maconomy A/S. The Maconomy headquarters were located in Copenhagen, Denmark. Additionally, Maconomy had offices in five other countries: The Netherlands (Benelux), Norway,

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

, the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...

. Maconomy also had offshore development operations in

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper, Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the List of European cities by populat ...

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invas ...

, and an extensive partner network in Europe, UK, India, Canada, South Africa and other countries. Maconomy completed its initial public offering (

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

) on the OMX Nordic Exchange (formerly Copenhagen Stock Exchange) in December 2000. On July 6, 2010, Maconomy was acquired by Deltek, Inc.

Software

Maconomy provides ERP products that it claims integrate companies’ project and finance processes into one system. Its industry specific products are aimed primarily at

Professional Services Organizations A professional is a member of a profession or any person who works in a specified professional activity. The term also describes the standards of education and training that prepare members of the profession with the particular knowledge and skil ...

, including

consulting firms A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad range ...

, marketing communications firms and other

knowledge-intensive organizations Knowledge Intensive Business Services (commonly known as KIBS) are services and business operations heavily reliant on professional knowledge. They are mainly concerned with providing knowledge-intensive support for the business processes of other ...

. The software itself consists of a core module featuring finance, time registration and job costing functionalities. Add-on modules such as

Human Resources Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include ...

(HR) and

Customer Relationship Management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information. CRM systems compile data from a r ...

(CRM) can be integrated with the product. Maconomy produces the resource planning product Maconomy People Planner and the

Business Intelligence Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...

software Maconomy Analytix. Analytix has since been renamed Business Performance Management (BPM). The first version - Maconomy 1.1 - was released in 1991. The Deltek Maconomy ERP product is still a strategic solution in the Deltek product portfolio and sold to professional services firms all over the world. Historically sold as an on premises solution, Deltek Maconomy was launched as a SaaS solution in 2012. It is available in two different cloud versions - Deltek First Maconomy Essentials (with or without a 'Flex' offering), and Deltek Maconomy Enterprise Cloud. The current version of Maconomy 2.4.4 was released in May 2019.

References

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External links

Deltek Official site
ERP software companies Software companies based in Copenhagen Danish companies established in 1989