Perficient Announces Acquisition of Brainjocks
March 23 2020 - 9:00AM
Business Wire
Perficient, Inc. (Nasdaq: PRFT) (“Perficient”), the leading
digital consultancy transforming the world’s largest enterprises
and biggest brands, today announced the acquisition of Catalyst
Networks, Inc., a Georgia corporation doing business as Brainjocks
(“Brainjocks US”), a $13 million annual revenue digital consultancy
with a strong Sitecore platform focus. Additionally, Perficient has
signed a purchase agreement to acquire an affiliate of Brainjocks,
Brainjocks Europe d.o.o. Novi Sad, a limited liability company
incorporated under the laws of Serbia (“Brainjocks Europe” and
collectively with Brainjocks US, “Brainjocks”), which will close
following the satisfaction or waiver of certain conditions.
The acquisition is expected to be accretive to adjusted earnings
per share immediately.
“We are excited to continue strengthening our Sitecore
consulting and marketing technology capabilities with the strategic
acquisition of Brainjocks,” said Jeffrey Davis, Perficient’s
Chairman and CEO. “Perficient has more than 10 years of experience
designing, building, and delivering enterprise-grade platforms
powered by the Sitecore platform. Brainjocks’ expertise and
capabilities are highly complementary to those of our award-winning
Sitecore practice, and further enhance our ability to engineer
effective and personalized digital experiences for our clients and
their customers.”
The acquisition of Brainjocks:
- Broadens and deepens Perficient’s Sitecore capabilities,
bringing strategic skills and expertise in web and content
management platform development;
- Brings intellectual property that reduces solution buildout
time and cost;
- Strengthens Perficient’s presence in the Atlanta market;
- Adds approximately 80 professionals, including 30 global
delivery resources in Eastern Europe;
- Includes three colleagues designated as Sitecore MVPs, growing
Perficient’s total to 15; and
- Brings strategic client relationships with Fortune 1000
customers across several industries, including consumer goods and
services, manufacturing, and business services sectors.
Brainjocks President and CEO Brian Beckham joins Perficient in a
key leadership role.
“Perficient is well known for its expertise across many
technology platforms, including Sitecore, and we’re thrilled to
join the team,” said Beckham. “With Perficient’s expansive
expertise across platforms and industries, we’ll expand our ability
to deliver integrated digital platforms that provide innovative
enterprises more autonomy and flexibility in the experiences they
imagine, create, engineer, and run for customers.”
About Perficient
Perficient is the leading digital consultancy. We imagine,
create, engineer and run digital transformation solutions that help
our clients exceed customers’ expectations, outpace competition,
and grow their business. With unparalleled strategy, creative and
technology capabilities, we bring big thinking and innovative
ideas, along with a practical approach to help the world’s largest
enterprises and biggest brands succeed. 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
Adobe Platinum Partner, Platinum Level IBM business partner, a
Microsoft National Service Provider and Gold Certified Partner, an
Oracle Platinum Partner, an Advanced Pivotal Ready Partner, a Gold
Salesforce Consulting Partner, and a Sitecore Platinum Partner. For
more information, visit www.perficient.com.
Safe Harbor Statement
Some of the statements contained in this news release that are
not purely historical statements discuss future expectations or
state other forward-looking information related to financial
results and business outlook for 2020. Those statements are subject
to known and unknown risks, uncertainties, and other factors that
could cause the actual results to differ materially from those
contemplated by the statements. The forward-looking information is
based on management’s current intent, belief, expectations,
estimates, and projections regarding our company and our industry.
You should be aware that those statements only reflect our
predictions. Actual events or results may differ substantially.
Important factors that could cause our actual results to be
materially different from the forward-looking statements include
(but are not limited to) those disclosed under the heading “Risk
Factors” in our annual report on Form 10-K for the year ended
December 31, 2019.
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version on businesswire.com: https://www.businesswire.com/news/home/20200323005329/en/
Bill Davis, Vice President 314-529-3555
Perficient (NASDAQ:PRFT)
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