Perficient Acquires Stone Temple Consulting

SAINT LOUIS, MO (July 16, 2018)Perficient, Inc. (NASDAQ: PRFT) (“Perficient”), the leading digital transformation consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced it has acquired Stone Temple Consulting Corporation (“Stone Temple”), an award-winning Boston-based $9 million annual revenue digital marketing agency.

The acquisition is expected to be accretive to adjusted earnings per share immediately.

“We are excited to continue to strengthen our digital capabilities with the strategic acquisition of Stone Temple,” said Jeffrey Davis, Perficient’s chairman and CEO. “Stone Temple’s capabilities are highly complementary to those of our award-winning digital agency, Perficient Digital. Stone Temple’s reputation for delivering excellent search engine optimization and content marketing solutions, customer-centric mentality, and solid client roster ensures a strong cultural fit and compelling opportunities for accelerated growth moving forward.”

The acquisition of Stone Temple:

  • Broadens and deepens Perficient’s digital marketing, content marketing, search engine optimization marketing and content services;
  • Increases Perficient’s presence in the Northeast region;
  • Adds approximately 60 consulting, technology, sales and general and administrative professionals; and
  • Brings strategic client relationships with Fortune 1000 customers across several industries.

Stone Temple founder and CEO Eric Enge, the 2016 US Search Personality of the Year (US Search Awards) and 2016 Search Marketer of the Year (Search Engine Land’s Landy Awards), joins Perficient in a key leadership role.

“Perficient and Perficient Digital are well known for expertise across many technology platforms and are widely-regarded as one of the largest and most capable digital transformation consulting firms in the country,” said Enge. “We’re thrilled to join the Perficient team and accelerate our collective opportunities for continued growth and success.”

About Perficient
Perficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions. Our work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers, and partners; and reduce costs. Perficient's professionals serve clients from a network of offices across North America and offshore locations in India and China. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Platinum Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, an Adobe Premier Partner, and a Gold Salesforce Consulting Partner. For more information, visit www.perficient.com.

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Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2018. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on management’s current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2017.