Seeking Alpha

Perficient, Inc. (PRFT)

  • Fri, Sep. 18, 11:21 AM
    • Perficient (PRFT +0.2%) is buying Market Street Solutions, an IT consulting firm focusing on big data/analytics and financial performance management projects, for $4.1M in cash, $1.2M in stock, and up to $1.2M in cash-based earn-out payments and net working capital adjustment.
    • Market Street does $10M/year in sales. Perficient expects the deal to be immediately accretive, and to strengthen its IBM analytics capabilities and Southeastern U.S. footprint.
    | Fri, Sep. 18, 11:21 AM | Comment!
  • Oct. 14, 2013, 9:50 AM
    • Perficient (PRFT +2%) acquires CoreMatrix Systems, a consulting firm specializing in services/solutions, for $21.5M ($18.5M in cash, $3M in stock, $10M in contingencies). CoreMatrix generates revenue of $15M annually.
    • Perficient expects the transaction to be accretive to earnings immediately.
    • CoreMatrix's East Coast presence complements West Coast-based and Clear Task, which Perficient acquired in May for $7.9M.
    | Oct. 14, 2013, 9:50 AM | Comment!
Company Description
Perficient Inc operates as an information technology consulting firm. The Company designs, develops, implements and integrates secure and scalable enterprise portals for its clients and their customers, suppliers and partners.