- Source: Perficient
Perficient, Inc. is a global digital consultancy company based in St. Louis, Missouri. 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 global capabilities.
History
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.
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. 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).
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. In October 2023, Jeffrey Davis became the executive chairman for Perficient, turning over the chief executive officer position to Tom Hogan. [15]
In May 2024, Perficient agreed to be acquired by Swedish private equity firm EQT AB in a $3 billion all-cash deal. The deal was completed in October 2024.
= Acquisitions
=Global expansion
Perficient has been expanded into multiple regions such as the North America, Latin America, Europe, and Asia with more than forty office locations around the globe. The company has acquired firms across the globe to widen their presence. With their expansion in Colombia, Perficient increased their global capabilities and now has offices in Argentina, Chile, Colombia, and Uruguay. Perficient has offices in five major cities in India: Bangalore, Chennai, Hyderabad, Nagpur and Pune. Perficient also has European offices in Serbia, Romania, and the United Kingdom.
References
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