Perficient Shares Modestly Higher Following News of CoreMatrix Purchase

Perficient, Inc.

, a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced it has acquired CoreMatrix Systems LLC (“CoreMatrix”), a $15 million annual services revenue consulting firm specializing in salesforce.com cloud computing services and solutions. Perficient's current annualized revenues are now approaching $400 million, and the transaction is expected to be accretive to adjusted earnings per share immediately. The acquisition of CoreMatrix: * Expands Perficient's partnership with salesforce.com, deepening the company's cloud computing offerings, social strategy and execution services, and customer relationship management (CRM) user adoption and change management services; * Adds nearly 75 consulting, technology, sales and support professionals; and * Adds client relationships with enterprise customers including American Express, AVON, Bank of America, Blue Cross Blue Shield, Bridgestone, Computer Associates, Dell, GE, GTECH, Norwegian Cruise Line, PGA Tour, PharmaNet, RockTenn, State Farm, Transocean, Vertex and many more. CoreMatrix Managing Members Frank McMahon and Paul Nix join Perficient in key leadership roles. The closing consideration paid in the transaction is approximately $21.5 million and includes $18.5 million in cash and approximately $3 million worth of Perficient common stock. Additional consideration of up to $10 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.