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February 11, 2012

Transaction analysis
Perficient Acquires PointBridge

 

Financial Overview:

  • Transaction Value: $22.0M           
  • Transaction Structure: Cash and stock
  • Enterprise Value: $17.0M
  • EV/Revenue: 1.3X

martinwolf Analysis:

  • Perficient, Inc. (NASDAQ: PRFT) an IT consulting firm, announced this week that it will acquire PointBridge Solutions, LLC, a technology consulting firm that specializes in Microsoft solutions. The transaction was completed for $22.0M, which is to be divided into $14.4M in cash and approximately $7.6M of Perficient common stock.
  • This acquisition will raise Perficient's revenue to $300M+ and will expand the company's presence in the Chicago, Milwaukee, and Boston markets. It also will increase the company's staff, adding 130 consulting, technology, sales and support professionals.
  • An additional benefit of the transaction is that Perficient will inherit PointBridge's talented executive team led by Co-Founder and Chief Executive Mike Gersten, a leading Microsoft Services executive and a recognized thought leader.
  • Perficient has been historically very acquisitive. In July 2011, they acquired JCB Partners (JCB) LLC, a technology consulting firm that leveraged the IBM Cognos software suite. In April 2011, they purchased Exervio Management Consulting, Inc., a business and management consulting firm. Prior to that, they acquired speakTECH, Inc. in December 2010 and Kerdock Consulting, LLC in March 2010.
  • This is the second transaction in the Microsoft services space within the last two months. In December 2011, Tribridge acquired ePartners, a Microsoft consultancy. 
  • The Microsoft IT service channel is highly fragmented. Microsoft itself is taking actions to consolidate the channel. martinwolf expects more deals as slow organic growth will encourage IT services companies seeking to expand both their locations and their service offerings to acquire. 

 

Please click here to read the press release.

martinwolf was not the adviser in this transaction.  
 

To learn more about this transaction or our firm, contact Tim Mueller [email protected] 

About martinwolf    

 

Based in Silicon Valley, martinwolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 115 transactions in six countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.

   

December 1, 2011

Softchoice Corporation (TSX: SO) announced it has it has fulfilled its regulatory requirements under the Competition Act and has now completed the acquisition of substantially all of the assets of UNIS LUMIN, one of Canada's most highly regarded Cisco networking and managed services companies. Softchoice was represented by martinwolf | M&A Advisors. The acquisition strengthens Softchoice's professional services capabilities while providing the technology foundation to support the Company's future cloud offerings.

Please click here to view the announcement.   

 

September 30, 2011

SPS, a leading Unified Communications Provider, announced that Court Square Partners has made an investment in the company. martinwolf | M&A Advisors represented SPS in this transaction. SPS is a premier unified communication services integrator, ranked 131 on the 2011 VAR 500 list with 2010 sales of $143 million. Court Square is a $4B+ New York-based PE Group, with more than 150 lifetime investments.  

Please click here to view the announcement. 

      

September 20, 2011  

Accel-KKR, a technology-focused private equity investment firm, announced that it had taken a majority stake in Infinisource. Infinisource is a leading benefits administration technology and services company. martinwolf | M&A Advisors represented the seller in this transaction.  

Please click here to read more.    

         

� martinwolf | M&A Advisors 2012    

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