Perficient, Inc. provides IT consulting services. Perficient helps companies adapt their systems to the Internet using third party software products.[1] Their work includes custom development and platform implementations through partnerships with companies including IBM, Oracle, Microsoft, TIBCO and EMC Documentum. The firm primarily performs project-based work, a large portion of which involves business intelligence and portal collaboration. Many of their customers are looking to use technology to support a product or service that is differentiating for them so customization is a common service offered by the firm. Perficient also has offshore capabilities.[2]
Perficient has over 1,400 employees and its clients include AT&T, Bank of America, Boy Scouts of America, Coca-Cola, Duke Energy, Family Dollar, Lowe’s, Piedmont Natural Gas and Wells Fargo.[2]
| Type | Public NASDAQ: PRFT |
|---|---|
| Industry | Management consulting Technology services Outsourcing |
| Founded | 1998 |
| Headquarters | St. Louis, MO |
| Area served | Worldwide |
| Key people | Jeffrey S. Davis (CEO) |
| Revenue | US$ 214.95 million (2010)[3] |
| Operating income | US$ 11.51 million (2010)[3] |
| Net income | US$ 6.48 million (2010)[3] |
| Employees | 1,450 (2011) |
| Website | Perficient.com |
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In the ten year span between 1999 and 2009, Perficient grew from 9 employees to over 1,000 employees.
Jeffrey Davis was named CEO in September, 2009[4] During Mr. Davis' tenure as CEO, the firm has added over 1,000 more employees and has added more than $200 million in annual revenues. The company also transitioned from the Nasdaq SmallCap Market to the Nasdaq Global Select Market. Perficient was also added to the Russell 2000 and S&P SmallCap 600 indices.[2]
Perficient was featured in the June 20, 2005 edition of BusinessWeek.
In 2010, Perficient moved its headquarters to Town & Country in St. Louis, MO.[5]
Perficient was named to the Forbes list of "The Companies Hiring The Most Right Now" in August, 2010. This list classified "midsize companies with the greatest number of job openings listed at the moment."[6]
In 2011, Perficient announced that it had acquired business and management consulting firm, Exervio for $13.6 million. The purchase price includes $7.6 million in cash and $6 million in Perficient common stock. Roughly $3.4 million of the total consideration is subject to earnout and working capital provisions, Perficient said. 7 Mile Advisors served as M&A advisor to Exervio on the transaction. [7]
| Company | Date Acquired | Capabilities | Purchase Price | Former Headquarters |
|---|---|---|---|---|
| JCB Partners LLC | July, 2011 | Enterprise Performance Management | $18 million | Denver, CO |
| Exervio, Inc. | April, 2011 | Management Consulting | $13.6 million | Charlotte, N.C. |
| speakTECH | December, 2010 | Web Design | $15 million | Costa Mesa, CA |
| Kerdock Consulting | March, 2010 | Enterprise Performance Management | $6 million | Houston, TX |
| ePairs | November, 2007 | CRM | $6 million | Cupertino, CA |
| BoldTech Systems, Inc. | September, 2007 | Offshoring | $20.8 million | Denver, CO |
| Tier1 Innovation, LLC | June, 2007 | CRM | $14.3 million | Denver, CO |
| E-Tech Solutions | February, 2007 | IT Consulting | $12.2 million | Philadelphia, PA |
| Insolexen | May, 2006 | Enterprise Application Integration | $13.4 million | Novi, MI |
| Vivare | September, 2005 | Service Oriented Architecture | $9.4 million | Dallas, TX |
| iPath Solutions | June, 2005 | Enterprise Content Management | $7.9 million | Houston, TX |
[7][9][10][11][12][13][14][15][16]
Perficient was named to Forbes' 200 Best Small Companies List in October, 2009.[17]
Perficient was ranked number 10 by readers of Consumer Goods Technology Magazine in the 2009 Readers' Choice Survey of Top Consulting Firms.[18]
Perficient's primary competitors are Accenture, Ciber, Sapient_(company), Ernst & Young, and PricewaterhouseCoopers.