Perficient


Perficient, Inc. is a consulting firm serving enterprise customers throughout North America. The company's efforts include enterprise mobile applications, creative services, marketing, digital strategy Internet of Things, 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.
Perficient has offices in North America, Europe, India, and China.

History

Formation and early years

The company was founded in Austin, Texas in August 1997 by Bryan Menell. The first angel 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 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.
In 2001, Vertecon Inc. was acquired.
Jack McDonald became CEO of Perficient in 1999 and chairman in 2001. McDonald served in both positions until 2009. Lori Hawkins of Statesman noted that during McDonald's tenure, Perficient "grew from eight employees to more than 1,200 worldwide and had annual sales of $200 million." 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".
Jeffrey Davis became Perficient's COO in 2001 and president in 2003. Davis was named CEO in September 2009.
During Davis' tenure as CEO, the firm transitioned from the Nasdaq SmallCap Market to the Nasdaq Global Select Market. By 2014, Davis had helped Perficient buy 13 companies in deals worth a combined $232.3 million since taking over as CEO in 2009.
In 2011, Perficient acquired business and management consulting firm Exervio for $13.6 million. In 2012, Perficient acquired PointBridge Solutions, LLC for $22 million. Perficient then acquired services and technology consulting firm Nascent Systems LP in July, 2012. Also in 2012, Perficient acquired Northridge Systems.
In 2013, Perficent acquired TriTek Solutions Inc., an IBM-focused enterprise content management and business process management consulting firm for $18.5 million. Perficient then acquired two salesforce.com firms, CoreMatrix Systems LLC and Clear Task, Inc.
In 2014, the company made three acquisitions: ForwardThink Group, BioPharm Systems, and the IBM Smarter Commerce Division of Trifecta Technologies. Perficient also announced that year its plans to open a domestic delivery center in Lafayette, Louisiana.
In 2015, Perficient acquired Market Street Solutions, Inc., an IT consulting firm. In December 2015, Perficient acquired Enlighten, a digital marketing agency.
In 2016, Perficient launched a new digital marketing agency called Perficient Digital. Over 200 Perficient employees work under the new Perficient Digital banner, with most of them in Ann Arbor, Michigan; Milwaukee; St. Louis; and Irvine, California.
In 2017, Perficient acquired RAS & Associates, LLC, a Denver-based management consultancy In June 2017, Perficient acquired Clarity Consulting a Chicago-based consultancy where approximately 160 technology, sales, consulting, and general and administrative professionals were added, making it the largest acquisition to date.
In 2018, Perficient acquired Southport Services Group, LLC, a Washington D.C.-based MicroStrategy shop, offering analytics and data expertise. In July 2018, Perficient acquired Stone Temple Consulting, a Boston-based digital marketing agency founded by Eric Enge rounding out Perficient’s  overall engagement in the digital space and depth around search engine optimization. In October 2018, Perficient acquired Elixiter, Inc.
In 2018, Perficient’s services revenue came in at $494 million, a year-over-year increase of 11%.
In May 2019, Perficient acquired Fargo, North Dakota-based Sundog Interactive, a firm that provides business-to-business marketing and Salesforce consulting to leading manufacturers.

Acquisitions

CompanyDate AcquiredCapabilitiesPurchase PriceFormer Headquarters
Productora de Software, S.A.S. June 17, 2020Software DevelopmentMedellin, Colombia
BrainjocksMarch 23, 2020Digital Consultancy, SitecoreAtlanta, GA
MedTouchJanuary 6, 2020Digital Healthcare Marketing and Technology Consultancy, HealthcareBoston, MA
Sundog Interactive, Inc.May 22, 2019Marketing and Technology Consulting, SalesforceFargo, ND
Elixiter, Inc.October 29, 2018Digital agency, MarketoBozeman, MT
Stone Temple Consulting CorporationJuly 16, 2018Digital agencyFramingham, MA
Southport Services GroupApr 3, 2018Data Analytics, Business IntelligenceWashington, DC
Clarity ConsultingJune 23, 2017Microsoft, Unified CommunicationsChicago, IL
RAS & AssociatesJanuary 4, 2017Management ConsultingDenver, CO
BluetubeOctober, 2016Digital agencyAtlanta, GA
EnlightenDecember, 2015Digital agencyAnn Arbor, Michigan
Market Street Solutions, Inc.Sep, 2015IT Consulting$5.3 millionChattanooga, Tennessee
Zeon Solutions Inc. and Grand River Interactive LLCJan, 2015E-Commerce Solutions$35.7 millionMilwaukee, Wisconsin
IBM Smarter Commerce Division of Trifecta TechnologiesMay, 2014IBM WebSphere Commerce$13.7 millionAllentown, Pennsylvania
BioPharm SystemsApril, 2014Life Sciences Technology Consulting$17.6 millionSan Francisco, California
ForwardThink GroupFebruary, 2014Financial Services Consulting$46 millionNew York City
CoreMatrix Systems LLCOctober, 2013salesforce.com$21.5 millionNew York City
Clear Task, Inc.May, 2013salesforce.com$7.9 millionSan Francisco
TriTek SolutionsMay, 2013IT Consulting$18.5 millionAnnandale, Virginia
NorthridgeJuly, 2012IT Services$14.4 millionAtlanta
Nascent Systems LPJune, 2012IT Services$18.1 millionDallas, Texas
PointBridge SolutionsFebruary, 2012Web Content Management$22 millionChicago
JCB Partners LLCJuly, 2011Enterprise Performance Management$18 millionDenver, Colorado
Exervio, Inc.April, 2011Management Consulting$13.6 millionCharlotte, NC
speakTECHDecember, 2010Web Design$15 millionCosta Mesa, California
Kerdock ConsultingMarch, 2010Enterprise Performance Management$6 millionHouston, Texas
ePairsNovember, 2007CRM$6 millionCupertino, California
BoldTech Systems, Inc.September, 2007Offshoring$20.8 millionDenver, Colorado
Tier1 Innovation, LLCJune, 2007CRM$14.3 millionDenver, Colorado
E-Tech SolutionsFebruary, 2007IT Consulting$12.2 millionPhiladelphia, Pennsylvania
Energy, Government and General Business division of Digital Consulting & Software Services, Inc.July, 2006IT Consulting$12.9 MillionHouston, Texas
InsolexenMay, 2006Enterprise Application Integration$13.4 millionNovi, Michigan
Bay Street SolutionsApril, 2006CRM$9.3 millionSan Francisco, California
VivareSeptember, 2005Service Oriented Architecture$9.4 millionDallas, Texas
iPath SolutionsJune, 2005Enterprise Content Management$7.9 millionHouston, Texas
ZettaWorks LLCMarch, 2005IT Consulting$10.7 millionHouston, Texas
Meritage TechnologiesJune, 2004Enterprise Portals and Collaboration$9.5 millionColumbus, Ohio
Genisys Consulting Inc.April, 2004IT Consulting$7.9 millionChicago
Vertecon Inc.October, 2001IT ConsultingSt. Louis, Missouri
Javelin SolutionsOctober, 2001IT ConsultingMinneapolis
Compete, Inc.May, 2000IT Consulting$63 millionLisle, Illinois
LoreDataDecember, 1999IT ConsultingNew London, Connecticut

Partners

In 2013, Perficient made two acquisitions related to Salesforce.com: New York City-based CoreMatrix Systems and San Francisco-based ClearTask.