May 17, 2013
May 17 -- Perficient, Inc., a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced it has acquired San Francisco-based Clear Task, Inc. (“Clear Task”), an $8 million annual services revenue consulting firm focused entirely on the salesforce.com product suite.
Perficient’s current annualized revenues are now approaching $380 million and the transaction is expected to be accretive to adjusted earnings per share immediately. With the acquisition, the company is raising its full year 2013 revenue guidance to a range of $362 million to $382 million from the previously provided range of $358 million to $378 million.
“For quite some time we’ve been working to find the right Salesforce consulting team to add to Perficient,” said Jeffrey Davis, Perficient’s Chief Executive Officer and President. “In Clear Task, we’ve found a firm with an excellent reputation, and one that is well-run with impressive bill rates and margins. This transaction represents a key strategic investment we’re making to expand our cloud offerings.”
“Clear Task has helped more than 300 companies experience the power of Salesforce to better serve their customers, manage and motivate their employees, and engage with their partners and communities,” said Kathy Henely, Perficient Chief Operating Officer. “Through hundreds of Service Cloud, Sales Cloud, Chatter and Force.com engagements, Clear Task has helped enterprise clients become more responsive, efficient, relevant and social.”
The acquisition of Clear Task:
Clear Task CEO, Andrew O’Driscoll, and Vice President of Sales and Services, Marc LeCours, join Perficient in key leadership roles.
“For seven years, Clear Task has been 100 percent focused on Salesforce implementations and customizations,” said O’Driscoll. “We're proud to be a Gold salesforce.com Cloud Alliance Partner and thrilled to join Perficient, one of the most capable and highly-regarded systems integrators in the country.”
The consideration paid in the transaction is approximately $7.9 million and includes $6.3 million in cash and approximately $1.6 million worth of Perficient common stock (based on the average closing price of Perficient’s common stock on the NASDAQ Global Select Market for the thirty trading days immediately preceding the acquisition close per the terms of the acquisition agreement). Additional consideration of up to $3.7 million is subject to certain financial achievements and working capital provisions.
Randy Grigg, managing partner of Ridgecrest Advisors, advised Perficient on the transaction in his capacity as a registered investment banking agent of M&A Securities Group, Inc.
Perficient is a leading information technology consulting firm serving Global 2000 and enterprise customers throughout North America. Perficient’s professionals serve clients from a network of offices across North America and three offshore locations, in Eastern Europe, India, and China. Perficient helps clients use Internet-based technologies to improve productivity and competitiveness, strengthen relationships with customers, suppliers and partners, and reduce information technology costs. Perficient, traded on the Nasdaq Global Select Market, 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 TeamTIBCO partner, a Microsoft National Systems Integrator and Gold Certified Partner, an EMC Select Services Team Partner, and an Oracle Platinum Partner.
About Clear Task, Inc.
Recognized as one of the 50 fastest growing businesses in San Francisco, Clear Task, Inc. provides Salesforce implementations and customizations for enterprise customers. Clear Task’s professionals help clients implement Service Cloud, Sales Cloud, Chatter and platform engagement solutions to strengthen customer, employee and partner relationships, and maintain their competitive advantage. Clear Task is a Gold salesforce.com Cloud Alliance Partner. Each member of the Clear Task team holds one or more Salesforce certifications, and the company boasts a Certified Technical Architect on staff, one of only 50 in the world.
10/30/2013 | Cray, DDN, Mellanox, NetApp, ScaleMP, Supermicro, Xyratex | Creating data is easy… the challenge is getting it to the right place to make use of it. This paper discusses fresh solutions that can directly increase I/O efficiency, and the applications of these solutions to current, and new technology infrastructures.
10/01/2013 | IBM | A new trend is developing in the HPC space that is also affecting enterprise computing productivity with the arrival of “ultra-dense” hyper-scale servers.
Ken Claffey, SVP and General Manager at Xyratex, presents ClusterStor at the Vendor Showdown at ISC13 in Leipzig, Germany.
Join HPCwire Editor Nicole Hemsoth and Dr. David Bader from Georgia Tech as they take center stage on opening night at Atlanta's first Big Data Kick Off Week, filmed in front of a live audience. Nicole and David look at the evolution of HPC, today's big data challenges, discuss real world solutions, and reveal their predictions. Exactly what does the future holds for HPC?