AUSTIN, Texas- March 7, 2005 - Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm in the central United States, today announced the filing of a registration statement with the Securities and Exchange Commission for a proposed public offering of 5,032,600 shares of its common stock, of which 4,250,000 shares will be offered by Perficient and 782,600 shares will be offered by certain non-affiliate selling stockholders. The registration statement also covers the underwriters' option to purchase up to 267,390 additional shares of common stock from the company and up to 487,500 shares to be offered by certain stockholders, some of whom are affiliates of the company, to cover over-allotments, if any.
Perficient intends to use a substantial portion of the net proceeds from the offering for future acquisitions. The company will use a portion of the net proceeds to reduce debt, for working capital and for general corporate purposes.
The underwriters for this offering will be Friedman, Billings, Ramsey & Co., Inc. (NYSE: FBR) acting as lead manager and sole book runner, with Stifel, Nicolaus & Company, Incorporated acting as co-lead manager and Roth Capital Partners, LLC and Gilford Securities Incorporated acting as co-managers.
When available, copies of the preliminary prospectus may be obtained from Friedman, Billings, Ramsey & Co., Inc. at Potomac Tower, 1001 19th St. North, Arlington, VA 22209. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Perficient is a leading information technology consulting firm serving Global 2000 and midsize companies in the central United States. Perficient helps clients gain competitive advantage by using Internet-based technologies to make their businesses more responsive to market opportunities and threats, strengthen relationships with customers, suppliers and partners, improve productivity and reduce information technology costs. Our solutions enable our clients to operate a real-time enterprise that dynamically adapts business processes and the systems that support them to the changing demands of an increasingly global, Internet-driven and competitive marketplace. Perficient is an award-winning "Premier Level" IBM business partner, a TeamTIBCO partner and a Microsoft Gold Certified Partner. For more information about Perficient, which has more than 420 professionals in the central United States and Canada, please visit www.perficient.com. IBM is a trademark 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 S-3.