Perficient, Inc.
TypePublic
Nasdaq: PRFT
S&P 600 Component
IndustryConsulting
Founded1997
HeadquartersSt. Louis, Missouri
Area served
Worldwide
Key people
Tom Hogan (CEO)
RevenueUS$905 million (2022)[1]
US$144.28 million (2022)[2]
US$104.4 million (2022)[2]
Number of employees
~7,500 (2022)
Websitewww.perficient.com

Perficient, Inc. is a global digital consultancy.[3] The company's efforts include enterprise mobile applications, creative services, marketing, digital strategy[4] Internet of Things,[5] information technology, management consulting, custom development, and platform implementations.

The firm primarily performs project-based work, a large portion of which involves business intelligence and portal collaboration. Perficient also has offshore capabilities.[6][7]

History

Formation and early years

The company was founded in Austin, Texas in August 1997 by Bryan Menell. The first investors in the company were Steve Papermaster and David Lundeen. The company secured its first channel partnership with Vignette, a provider of content management systems.

The company held its initial public offering (IPO) on July 29, 1999. In December 1999, the company completed its first acquisition of LoreData based in New London, Connecticut. In May 2000, Perficient acquired Compete, Inc.[8]

In 2001, Vertecon Inc. was acquired.[9]

Jack McDonald became CEO of Perficient in 1999 and chairman in 2001. McDonald served in both positions until 2009.[10] According to the St. Louis Business Journal in August 2009, "during the second quarter, Perficient lost $196,000 on $44.9 million in revenue, compared with a $3.9 million profit on $59.1 million in revenue during the same period last year" (in 2008).[11]

Jeffrey Davis became Perficient's COO in 2001 and president in 2003.[12] Davis was named CEO in September 2009.[11] During Davis' tenure as CEO, the firm transitioned from the Nasdaq SmallCap Market to the Nasdaq Global Select Market.[6] In October 2023, Jeffrey Davis became the executive chariman for Perficient, turning over the chief executive officer position to Tom Hogan. [15]

Acquisitions

Elixiter Inc.
Oct 2018

Stone Temple Consulting Corporation[13]
July 2018

Clarity Consulting[5]
Jun 2017

RAS & Associates[14]
Jan 2017

Enlighten[15]
Dec 2015

Market Street Solutions, Inc.[16]
Sep 2015

IBM Smarter Commerce Division of Trifecta Technologies[17]
May 2014

BioPharm Systems[18]
Apr 2014

ForewardThink Group
Feb 2014

Zeon Solutions, Inc.[19]
Jan 2015

Bluetube[20]
Oct 2016

Southport Services Group
Apr 2018[21]
2014–2018

Core Matrix Systems, LLC[22]
Oct 2013

Clear Task Inc.[23]
May 2013

Northridge[24]
Jul 2012

Nascent Systems[25]
Jun 2012

JCB Partners LLC[26]
Jul 2011

Exervio Inc.
Apr 2011

Kerdock Consulting[27]
Mar 2010

ePairs[28]
Nov 2007

Tier 1 Innovation, LLC[29]
Jun 2007

BoldTech Systems, Inc.[30]
Sep 2007

speakTECH[31]
Dec 2010

Point Bridge Solutions[32]
Feb 2012

TriTek Solutions[33]
May 2013
2007–2013

E Tech Solutions[34]
Feb 2007

EGG[35]
Jul 2006

Bay Street Solutions[36]
Apr 2006

Vivare[37]
Sep 2005

Zetta Works, LLC[38]
Mar 2005

Meritage Technologies[39]
Jun 2004

Vertecon[40]
Oct 2001

Javelin Solutions[41]
Oct 2001

LoreData
Dec 1999

Compete, Inc.[42]
May 2000

Genisys Consulting Inc.[43].
Apr 2004

iPath Solutions[44]
Jun 2005

Insolexen[45]
May 2006
1999–2007
 Perficient 

In 2018, Perficient's services revenue came in at $494 million.[46]

In May 2019, Perficient acquired Fargo, North Dakota-based Sundog Interactive.[47]

In January 2020, Perficient acquired MedTouch LLC.[48]

In October 2022, Perficient acquired Ameex Technologies Corporation (“Ameex”).[49]

References

  1. ↑ "Fundamentals". Retrieved 28 April 2020.
  2. 1 2 "Financial Tables". Perficient Investor Relations. Retrieved 2017-10-09.
  3. ↑ Feldman, Jess (March 12, 2021). "How Perficient and Hackbright Academy are Changing the Ratio". www.perficient.com. Retrieved 2018-07-16.
  4. ↑ Whiting, Rick (14 October 2016). "5 Companies That Came To Win This Week". CRN. Retrieved 5 January 2017.
  5. 1 2 Jones, Donovan (2017-06-23). "Perficient Acquires Clarity Consulting For Microsoft Expertise". Seeking Alpha. Retrieved 2017-10-08.
  6. 1 2 Perficient, Inc. President And CEO Jeff Davis Interviews With The Wall Street Transcript The Wall Street Transcript Mar 7, 2011
  7. ↑ "Magento Partners with Adobe to Redefine Commerce Experience". Retrieved 6 January 2017.
  8. ↑ Newswires, Bob SechlerDow Jones (2000-02-17). "Perficient Plans to Acquire Compete for up to $63 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-04-07.
  9. ↑ "Vertecon purchased by Austin IT firm". www.bizjournals.com. 2001-10-03. Retrieved 2019-08-15.
  10. ↑ "exhibit992.htm". www.sec.gov. Retrieved 2019-06-26.
  11. 1 2 "Rahul c s CEO of Perficient". St. Louis Business Journal. August 5, 2009.
  12. ↑ "Perficient, Inc. - Jeff Davis". The Wall Street Transcript. 2011-03-07. Retrieved 2019-08-15.
  13. ↑ "Perficient Acquires Stone Temple Consulting | Perficient, Inc". www.perficient.com. Retrieved 2018-07-24.
  14. ↑ Novinson, Michael (2017-01-04). "Perficient Buys $9M Management Consultancy to Drive End User Technology Investments". CRN. Retrieved 2017-01-05.
  15. ↑ "Perficient acquires Michigan digital marketing firm" St. Louis Business Journal, Dec 4, 2015
  16. ↑ "Perficient buys Tennessee IT firm for $5.3 million" St. Louis Business Journal, Sep 18, 2015
  17. ↑ "Perficient Acquires IBM Smarter Commerce Division of Trifecta Technologies" MarketWatch, May 8, 2014
  18. ↑ "Biopharm Systems Acquired By Perficient" Clinical Leader, April 10, 2014
  19. ↑ "Perficient to acquire Zeon Solutions for $35.7 million" St. Louis Business Journal, Dec 18, 2014
  20. ↑ "Perficient acquires Atlanta digital consulting agency - St. Louis Business Journal". St. Louis Business Journal. Retrieved 2016-10-16.
  21. ↑ Feldt, Brian. "IT consultant Perficient buys East Coast data analytics firm". stltoday.com. Retrieved 2018-06-06.
  22. ↑ Perficient extends acquisition streak, expands Salesforce.com integration skills ZDNet October 15, 2013
  23. ↑ Perficient, Inc (PRFT): The Next Big Cloud Computing Stock? SKYY SmallCap Network October 17, 2013
  24. ↑ Perficient Acquires Northridge Systems, Adds To SharePoint Expertise CRN Magazine July 2, 2012
  25. ↑ Perficient Expands Its Oracle EBS Expertise With Nascent Buyout BNET June 5, 2012
  26. ↑ "Perficient buys JCB in $18 million deal" St. Louis Business Journal, July 1, 2011
  27. ↑ Perficient buys Kerdock Consulting St. Louis Business Journal March 29, 2010
  28. ↑ Perficient Acquires ePairs, Inc. BNET November 23, 2007
  29. ↑ Tier1 Innovation Sells for $14.3M Denver Business Journal June 26, 2007
  30. ↑ Perficient Acquires BoldTech for $20.8M Marketwatch September 21, 2007
  31. ↑ Perficient buys speakTECH for $15M St. Louis Business Journal December 15, 2010
  32. ↑ "Perficient Acquires PointBridge Solutions" MarketWatch, February 9, 2012
  33. ↑ "Perficient Picks Up TriTek, Extends IBM Service Offerings" CRN Magazine MAY 06, 2013
  34. ↑ Perficient says acquires E-Tech Solutions for $12.2 mln Reuters February 21, 2007
  35. ↑ Perficient Expands Portfolio with EGG Acquisition TMCNet July 21, 2006
  36. ↑ Perficient to Buy Bay Street Solutions Austin Business Journal April 7, 2006
  37. ↑ Perficient Buys Dallas IT Consulting Firm Austin Business Journal September 6, 2005
  38. ↑ Perficient completes ZettaWorks purchase Austin Business Journal March 7, 2005
  39. ↑ Perficient acquires Columbus company Austin Business Journal June 21, 2004
  40. ↑ Vertecon purchased by Austin IT firm Saint Louis Business Journal October 3, 2001
  41. ↑ Perficient to acquire consulting firm October 29, 2001
  42. ↑ Perficient Plans to Acquire Compete for up to $63 Million February 17, 2000
  43. ↑ Perficient buys Illinois company for $7.9M Austin Business Journal April 5, 2004
  44. ↑ Austin IT consulting firm buys iPath for $7.9M HOUSTONBizJournal June 13, 2005
  45. ↑ Perficient buys Michigan firm for $13 million Austin Business Journal May 31, 2006
  46. ↑ "Perficient: A Slow But Steady Growth Story". 2019-04-18.
  47. ↑ "Acquisitive St. Louis-based IT consulting firm eyes more deals by year's end". www.bizjournals.com. Retrieved 2019-08-19.
  48. ↑ "Perficient Announces Acquisition of MedTouch". www.perficient.com. Retrieved 2021-03-22.
  49. ↑ "Perficient Announces Acquisition of Ameex Technologies". Retrieved 11 October 2022.
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