Perficient Acquires Nascent Systems for $18.1M

Perficient, Inc. PRFT today announced that it has acquired Dallas-based Nascent Systems LP, a $17 million annual services revenue business and technology consulting firm focused on Oracle ERP solutions, utilizing the Oracle E-Business Suite. The transaction will increase Perficient's current annualized revenues to nearly $340 million and is expected to be accretive to earnings per share immediately. The consideration paid in the transaction is approximately $18.1 million and includes $11.3 million in cash and approximately $6.8 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).