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 Advisors & Co. - Technolgoy Group
GLC’s Denver-based Technolgoy Group has 40+ years of collective experience and 100+ successfully closed technology transactions, GLC's technology team is one of the leading tech M&A teams in the country. The GLC tech team has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.
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 companie
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