AUSTIN, Texas April 24, 2002 - Perficient, Inc. (NASDAQ: PRFT), a leading eBusiness solutions provider to Global 3000 companies in the Central United States, announced today that, at special meetings held on April 23, 2002, the shareholders of Perficient, Vertecon and Javelin approved Perficients acquisitions of Vertecon and Javelin and the issuance of shares in connection with the transactions. Those acquisitions are expected to be consummated on April 24, 2002.
"The approval and consummation of these transactions marks another important step in our plan to build the dominant eBusiness solutions provider in the Central United States," said Jack McDonald, Perficient chairman and chief executive officer. Javelin and Vertecon expand our geographic presence, grow our customer base and deepen our roster of management, consulting and technical talent. I am gratified that our shareholders have seen the power behind these transactions - they position us well to profit as the incipient recovery in the IT services sector gains steam."
In connection with the acquisitions, Perficient has consolidated its management team. Jack McDonald, chairman and chief executive officer will continue to lead the company. Jeff Davis, an Andersen veteran and former chief operating officer of Vertecon, will become chief operating officer of Perficient, reporting to McDonald. Tim Thompson, formerly of Andersen and Vertecon, will lead sales as chief business development officer. Dale Klein, formerly of MCI/Systemhouse and Javelin, will head corporate development and serve as general manager of Perficients Minneapolis and Toronto offices. Matt Clark and Andy Sweet will continue their roles as chief financial officer and chief technology officer, respectively. Sam Fatigato has mutually agreed with the company to focus his efforts on business development, as his role will change from president to sales agent and advisor to the chairman.
In addition, Perficient announced that management will host a conference call regarding first quarter financial results on Monday, April 29, 2002 at 3:30 p.m. CST. A press release associated with the announcement will be issued prior to the call. Jack McDonald will host the conference call.
Investors and other interested parties may listen to the call by dialing toll-free 888-273-9885. The conference call will be archived and available for replay from April 29, 2002 at 7:00 p.m. CST to May 6, 2002 at 11:59 p.m. CST. The replay information is as follows -- inside the United States: 800-475-6701 (access code is 637382); International: 320-365-3844 (access code is 637382).
Perficient, a leading eBusiness solutions provider focused on serving Global 3000 companies in the Central United States, enables its clients and partners to optimize profitability and strengthen customer relationships through reliable, quick-to-market solutions. Perficient employs more than 180 professionals in six offices across the United States, Canada and Europe. Perficient’s partners are leading eBusiness technology and services providers including IBM, Sun, Microsoft, Oracle, Digex, Vignette, Gauss, Stellent, Autonomy and Screaming Media. For more information, visit Perficient’s Website at www.perficient.com.
Safe Harbor Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements, particularly with respect to our ability to successfully integrate the Javelin Solutions, Inc. and Vertecon, Inc. acquisitions, the strength, effectiveness and potential profitability of the combined companies, that are subject to risk and uncertainties, including, but not limited to, the impact of competitive services, demand for services like those provided by the company and market acceptance risks, fluctuations in operating results, cyclical market pressures on the technology industry and other risks detailed from time to time in the company’s filings with Securities and Exchange Commission. Our reported results may be subject to adjustments, reserves, and other items that may be identified during the normal year-end audit process.