AUSTIN, Texas--July 30, 2004--Perficient, Inc. (NASDAQ:PRFT - News), a leading eBusiness solutions provider to Global 3000 companies in the central United States, today announced that Kenneth R. Johnsen, former President and Chief Operating Officer of Metamor Worldwide and current President and Chief Executive Officer of Parago Inc., a marketing technology service provider, and Ralph Derrickson, Managing Director of Venture Capital for Vulcan Capital, have joined the company’s Board of Directors.
Johnsen is the President and Chief Executive Officer of Parago Inc., a marketing technology service provider. Before becoming Parago's CEO and President in June 1999, he served as President, Chief Operating Officer and Board Member of Metamor Worldwide Inc., an $850 million public technology services company specializing in e-business that was later acquired by PSINet for $1.7 billion. At Metamor, Johnsen grew the IT Solutions business from $20 million to over $300 million within two years. His experience also includes 22 years at IBM where he held general management positions, including Vice President of Business Services for IBM Global Services and General Manager of IBM China/Hong Kong operations. He led both groups to record revenue and profit levels.
Derrickson, the Managing Director of Venture Capital for Paul G. Allen’s Vulcan Capital, has 20 years of experience as an entrepreneur and a proven track record managing the development and application of technology to a wide range of business problems. Derrickson was also a founding partner of Watershed Capital, LLC, a private equity investment management company started in 1998. Prior to Watershed, he managed venture investments at Vulcan Ventures and served as vice president of product development at Starwave Corporation, one of the pioneers of the Internet. Earlier, Derrickson held senior management positions at NeXT Computer and Sun Microsystems “We’re delighted and honored to announce that Kenneth and Ralph have accepted positions to serve as Perficient board members,” said Jack McDonald, Chairman and Chief Executive Officer of Perficient. “Together, they have more than 40 years of experience steering fast-growing technology companies to success. Kenneth’s history of IT services success at Metamor Worldwide and IBM and Ralph’s technology start-up experience and achievements as a venture capitalist will be tremendous assets to Perficient as we strive to become a $100 million firm by the end of 2006.”
Johnsen and Derrickson replace former members Frank King and Phil Rosenbaum. Other members of Perficient’s board include former American Airlines CIO Max Hopper, Watershed Capital partner David Lundeen, former Continental Airlines CIO Robert Pickering and Perficient chairman and chief executive Jack McDonald.
About Perficient
Perficient is a leading provider of eBusiness solutions in the central United States. Perficient helps companies acquire and strengthen their customer relationships, reduce their costs and empower their employees by helping them create Enabled Enterprises(TM), Web-based infrastructures with dynamically-integrated business applications that extend enterprise technology assets to customers, employees, suppliers and partners. Perficient is an award-winning "Premier Level" IBM business partner and a recognized expert in IBM's WebSphere® software. Perficient's other partners consist of leading eBusiness technology and services providers including Microsoft, Stellent, Bowstreet, Wily Technology, Tibco, Mainline, Digex, Fusion and others. For more information about Perficient, which has more than 320 professionals in the central US and Canada, please visit http://www.perficient.com/. IBM and WebSphere are trademarks of International Business Machines Corporation in the United States, other countries, or both.
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements 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, the ability to manage strains associated with the company's growth, credit risks associated with the company's accounts receivable, the company's ability to continue to attract and retain high quality employees, accurately set fees for and timely complete its current and future client projects, and other risks detailed from time to time in the company's filings with Securities and Exchange Commission, including the most recent Form 10-KSB and Form 10-QSB.