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
entered into a purchase agreement to acquire the assets of Sundog
Interactive, Inc., a $14 million marketing and technology consulting
firm that delivers Salesforce solutions for the world’s leading
manufacturers.
The acquisition is anticipated to close later this month and is expected
to be accretive to adjusted earnings per share immediately.
“We are excited to continue to strengthen our Salesforce consulting and
digital marketing capabilities with the strategic acquisition of Sundog
Interactive,” said Jeffrey Davis, Perficient’s Chairman and CEO. “Sundog
Interactive’s marketing strategy, data and insights, and technology
integration services are highly complementary to Perficient’s end-to-end
digital transformation offerings. Adding specialized Salesforce
capabilities aimed at accelerating results through smarter marketing
further enhances our innovative cloud solutions and better serves our
clients’ unique needs.”
The acquisition of Sundog Interactive:
-
Broadens and deepens Perficient’s Salesforce consulting capabilities,
bringing strategic marketing and technical delivery services focused
on the manufacturing industry; -
Brings industry-specific intellectual property, including a partner
relationship management solution extending and accelerating several
Salesforce products for the manufacturing vertical; a white-label,
multi-industry solution for marketing intelligence; and several
packaged code offerings leveraging Salesforce and Google tools; -
Adds approximately 100 consulting, technology, sales and general and
administrative professionals; and -
Brings a strong concentration of strategic client relationships with
Fortune 1000 customers within the manufacturing industry, leading to
significant opportunity for cross-selling synergies to accelerate
mutual success.
Sundog leaders Brent Teiken, Eric Dukart and Johnathon Rademacher join
Perficient in key roles.
“Perficient is well known for its expertise across many technology
platforms, including Salesforce, and continues to be a key technology
provider of marketing and sales cloud solutions,” said Teiken. “We’re
thrilled to join the Perficient team, which is widely-recognized as one
of the largest and most capable digital transformation consulting firms
in the country. The acquisition will accelerate our collective
opportunities for continued growth and success within the Salesforce
ecosystem.”
About Perficient
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 Adobe Premier 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 2019. 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. We are under no duty to update any of the
forward-looking statements after the date hereof. 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, 2018.
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