Perficient
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| Company type | Public |
|---|---|
| Nasdaq: PRFT S&P 600 Component | |
| Industry | Consulting |
| Founded | 1997 |
| Headquarters | St. Louis, Missouri |
Area served | Worldwide |
Key people | Tom Hogan (CEO) |
| Revenue | US$905 million (2022)[1] |
| US$144.28 million (2022)[2] | |
| US$104.4 million (2022)[2] | |
Number of employees | ~7,500 (2022) |
| Website | www |
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[edit]
Formation and early years[edit]
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[edit]
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Perficient
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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[edit]
- ^ "Fundamentals". Retrieved 28 April 2020.
- ^ a b "Financial Tables". Perficient Investor Relations. Retrieved 2017-10-09.
- ^ Feldman, Jess (March 12, 2021). "How Perficient and Hackbright Academy are Changing the Ratio". www.perficient.com. Retrieved 2018-07-16.
- ^ Whiting, Rick (14 October 2016). "5 Companies That Came To Win This Week". CRN. Retrieved 5 January 2017.
- ^ a b Jones, Donovan (2017-06-23). "Perficient Acquires Clarity Consulting For Microsoft Expertise". Seeking Alpha. Retrieved 2017-10-08.
- ^ a b Perficient, Inc. President And CEO Jeff Davis Interviews With The Wall Street Transcript The Wall Street Transcript[dead link] Mar 7, 2011
- ^ "Magento Partners with Adobe to Redefine Commerce Experience". Retrieved 6 January 2017.
- ^ 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.
- ^ "Vertecon purchased by Austin IT firm". www.bizjournals.com. 2001-10-03. Retrieved 2019-08-15.
- ^ "exhibit992.htm". www.sec.gov. Retrieved 2019-06-26.
- ^ a b "Rahul c s CEO of Perficient". St. Louis Business Journal. August 5, 2009.
- ^ "Perficient, Inc. - Jeff Davis". The Wall Street Transcript. 2011-03-07. Retrieved 2019-08-15.
- ^ "Perficient Acquires Stone Temple Consulting | Perficient, Inc". www.perficient.com. Retrieved 2018-07-24.
- ^ Novinson, Michael (2017-01-04). "Perficient Buys $9M Management Consultancy to Drive End User Technology Investments". CRN. Retrieved 2017-01-05.
- ^ "Perficient acquires Michigan digital marketing firm" St. Louis Business Journal, Dec 4, 2015
- ^ "Perficient buys Tennessee IT firm for $5.3 million" St. Louis Business Journal, Sep 18, 2015
- ^ "Perficient Acquires IBM Smarter Commerce Division of Trifecta Technologies" MarketWatch, May 8, 2014
- ^ "Biopharm Systems Acquired By Perficient" Clinical Leader, April 10, 2014
- ^ "Perficient to acquire Zeon Solutions for $35.7 million" St. Louis Business Journal, Dec 18, 2014
- ^ "Perficient acquires Atlanta digital consulting agency - St. Louis Business Journal". St. Louis Business Journal. Retrieved 2016-10-16.
- ^ Feldt, Brian. "IT consultant Perficient buys East Coast data analytics firm". stltoday.com. Retrieved 2018-06-06.
- ^ Perficient extends acquisition streak, expands Salesforce.com integration skills ZDNet October 15, 2013
- ^ Perficient, Inc (PRFT): The Next Big Cloud Computing Stock? SKYY SmallCap Network October 17, 2013
- ^ Perficient Acquires Northridge Systems, Adds To SharePoint Expertise CRN Magazine July 2, 2012
- ^ Perficient Expands Its Oracle EBS Expertise With Nascent Buyout BNET June 5, 2012
- ^ "Perficient buys JCB in $18 million deal" St. Louis Business Journal, July 1, 2011
- ^ Perficient buys Kerdock Consulting St. Louis Business Journal March 29, 2010
- ^ Perficient Acquires ePairs, Inc. BNET November 23, 2007
- ^ Tier1 Innovation Sells for $14.3M Denver Business Journal June 26, 2007
- ^ Perficient Acquires BoldTech for $20.8M Marketwatch September 21, 2007
- ^ Perficient buys speakTECH for $15M St. Louis Business Journal December 15, 2010
- ^ "Perficient Acquires PointBridge Solutions" MarketWatch, February 9, 2012
- ^ "Perficient Picks Up TriTek, Extends IBM Service Offerings" CRN Magazine MAY 06, 2013
- ^ Perficient says acquires E-Tech Solutions for $12.2 mln Reuters February 21, 2007
- ^ Perficient Expands Portfolio with EGG Acquisition TMCNet July 21, 2006
- ^ Perficient to Buy Bay Street Solutions Austin Business Journal April 7, 2006
- ^ Perficient Buys Dallas IT Consulting Firm Austin Business Journal September 6, 2005
- ^ Perficient completes ZettaWorks purchase Austin Business Journal March 7, 2005
- ^ Perficient acquires Columbus company Austin Business Journal June 21, 2004
- ^ Vertecon purchased by Austin IT firm Saint Louis Business Journal October 3, 2001
- ^ Perficient to acquire consulting firm October 29, 2001
- ^ Perficient Plans to Acquire Compete for up to $63 Million February 17, 2000
- ^ Perficient buys Illinois company for $7.9M Austin Business Journal April 5, 2004
- ^ Austin IT consulting firm buys iPath for $7.9M HOUSTONBizJournal June 13, 2005
- ^ Perficient buys Michigan firm for $13 million Austin Business Journal May 31, 2006
- ^ "Perficient: A Slow But Steady Growth Story". 2019-04-18.
- ^ "Acquisitive St. Louis-based IT consulting firm eyes more deals by year's end". www.bizjournals.com. Retrieved 2019-08-19.
- ^ "Perficient Announces Acquisition of MedTouch". www.perficient.com. Retrieved 2021-03-22.
- ^ "Perficient Announces Acquisition of Ameex Technologies". Retrieved 11 October 2022.