SAINT LOUIS, MO (January 4, 2017) - Perficient, Inc. (NASDAQ: PRFT) ("Perficient"), the leading digital transformation consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced it has acquired RAS & Associates, LLC ("RAS"), a Denver-based $9 million annual services revenue management consultancy with deep expertise in strategy, operations and business process optimization consulting.
The acquisition is expected to be accretive to adjusted earnings per share immediately. The company was represented by GLC Advisors in facilitating the partnership.
"We are excited to continue to strengthen our management consulting expertise with the strategic acquisition of RAS & Associates," said Jeffrey Davis, Perficient's chief executive officer and president. "The capabilities RAS & Associates bring to Perficient broaden and deepen our high-impact business consulting offerings, and most importantly, the value we can deliver to our enterprise customers. Furthermore, their engagements and relationships often lead to significant and subsequent technology investment in areas we already excel, including systems integration, data reporting and analytics."
The acquisition of RAS & Associates:
Enhances and expands Perficient's management consulting offerings with additional strategy, operations and business process optimization consulting; Increases Perficient's presence in the Rocky Mountain region and in the enterprise-rich Denver market; Adds approximately 40 consulting, technology, sales and G&A professionals; and Brings strategic client relationships with Fortune 500 customers in industries including Oil and Gas, Cable and Telecommunications and High-Tech.
RAS & Associates Chief Executive Officer Rob Swanson joins Perficient in a key leadership role. "For many years, our entrepreneurial and results-driven culture has resonated with C-level executives seeking strategic guidance on enterprise transformation," said Swanson. "We're thrilled to now join Perficient, a firm widely-regarded for its technical and creative expertise and experience - and we anticipate this coupling will accelerate opportunities to more broadly serve our combined client base."
Perficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions. Our work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers, and partners; and reduce costs. Perficient's professionals serve clients from a network of offices across North America and offshore locations in India and China. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Premier Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, an Adobe Business Solution Partner, and a Platinum Salesforce Consulting Partner. For more information, visit www.perficient.com.
GLC TECHNOLOGY GROUP
GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services. The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.
Adam T. Haynes / Managing Director / Adam.Haynes@glca.com / 303.479.3842
David J. Bluth / Managing Director / David.Bluth@glca.com / 303.479.3855
Jim C. Williams / Director / Jim.Williams@glca.com / 303.479.3850
GLC ADVISORS & CO.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver.
GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.
1512 Larimer St. / Denver, Colorado 80202 / www.glca.com
© 2018 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.