Perficient announces the acquisition of Inflection Point
Movement strengthens agile software development capabilities and adds nearshore delivery capability in Mexico
ST. LOUIS, September 7, 2022—(BUSINESS WIRE)–Perficient, Inc. (Nasdaq: PRFT) (“Perficient”), a leading digital consultancy transforming the world’s most important companies and brands, today announced the acquisition of Inflection Point Systems, Inc. (“Inflection Point”), an approximately $15 million revenue software consulting and product development company with offshore operations in Monterrey, Mexico and headquartered in Columbia, Maryland, USA.
The acquisition is not reflected in existing 2022 revenue or earnings guidance and is expected to be immediately accretive to adjusted earnings per share.
“With the strategic acquisition of Inflection Point, we want to continue to strengthen our nearshore delivery capability, enhance our digital capabilities and expand further in Latin America,” said Jeffrey Davis, president and CEO of Perficient. “Our fully integrated, multishore, global approach to procurement remains a key growth driver and compelling market differentiator. With the addition of Inflection Point’s award-winning agile software development expertise, we strengthen our ability to help the world’s largest brands deliver engaging customer experiences across all touchpoints.” “
Gaining the inflection point:
Strengthens Perficient’s nearshore delivery capabilities and capabilities with improved agile software design, development, testing and customer support, accelerating innovation and time to market;
Expands Perficient’s solution offering and expertise to mobile, product development, web content management, e-commerce, security, enterprise search and digital marketing services;
Expands Perficient’s presence in Latin America by adding a nearby software development location in Mexico;
It gathers more than 200 qualified experts; and
Cultivates strategic relationships with Fortune 1000 clients across multiple industries, including financial services, healthcare, education, security, high technology and hospitality.
Inflection Point CEO Carlos Montemayor joins Perficient in an important leadership role.
“Perficient is well known for its impressive global growth and strategic nearshore delivery experience across a wide range of technology platforms,” said Montemayor. “For nearly 20 years, Inflection Point’s experienced design teams have been dedicated to delivering excellence to our clients, and we are excited to join forces with Perficient – a trusted leader in providing end-to-end digital solutions for the world’s leading companies.”
Perficient is the world’s leading digital consultancy. We imagine, create, design and implement digital transformation solutions that help our clients exceed customer expectations, outperform the competition and grow their business. With unrivaled resources in strategy, creativity and technology, we partner with big ideas and innovative thinking, along with a hands-on approach to helping the world’s most important companies and 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. For more information, visit www.perficient.com.
Some of the statements contained in this press release that are not purely historical statements analyze future expectations or present other forward-looking information regarding financial results and business prospects for 2022. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated by the statements. Forward-looking information is based on management’s current intentions, beliefs, expectations, estimates and projections regarding our company and industry. You should be aware that these statements reflect only our predictions. Actual events or results may differ materially. Important factors that could cause our actual results to differ materially 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 2021
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Bill Davis, Vice President