AUSTIN, TX, October 18, 2007—Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced that it has been named as the fastest-growing IT consulting firm in its revenue sector on Software Magazine’s 25th Annual Software 500 list.
According to Software Magazine, Perficient grew 66% to earn recognition as the fastest-growing systems integration consulting/IT services firm with revenues of between $100 million and $1 billion.
“We’ve long articulated Perficient’s advantageous position in this market tier,” said Jack McDonald, Perficient’s Chairman and Chief Executive Officer. “Our size and expertise provide us considerable leverage over both regional boutiques and Big Five firms. Software Magazine’s recognition of our leading performance in this market niche is further validation of our strategy and prospects for continued growth.” The Software 500 is a revenue-based ranking of the world’s largest software and services organizations. The list includes both private and public companies. The 2007 ranking is based on total worldwide software and services revenue for the calendar year 2006 (or the closest fiscal year ending in 2006). This includes revenue from software licenses, maintenance and support, training and software-related services and consulting.
For more information on the full list, please visit www.softwaremag.com
Perficient is a leading information technology consulting firm serving Global 2000 and enterprise customers throughout North America. Perficient’s 1,400 professionals serve clients from a network of 18 offices in North America and two offshore development centers, including a CMMI Level 4 certified global development center in China. Perficient helps clients use Internet-based technologies to improve productivity and competitiveness, strengthen relationships with customers, suppliers and partners and reduce information technology costs. Perficient, traded on the Nasdaq Global Select Market(SM), is a member of the Russell 2000® index and the S&P SmallCap 600 index. Perficient is an award-winning "Premier Level" IBM business partner, a TeamTIBCO partner, a Microsoft Gold Certified Partner, a Documentum Select Services Team Partner and an Oracle-Siebel partner. For more information, please visit www.perficient.com.
Safe Harbor Statement
This news release contains forward-looking statements that are subject to risk and uncertainties. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from management's current expectations and the forward-looking statements made in this press release. These risks and uncertainties include, but are 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, the company’s ability to identify, compete for and complete strategic acquisition and partnership opportunities, and other risks detailed from time to time in the company's filings with Securities and Exchange Commission, including the most recent Form 10-K and Form 10-Q.