Perficient,
Inc. a leading eBusiness solutions provider to Global 2000 and
major midsize companies, enables its clients and partners to optimize
profitability and strengthen customer relationships through reliable,
quick- to-market eBusiness solutions.
On October 29, 2001, Perficient, Inc. and Javelin Solutions,
Inc., a privately-held eBusiness solutions firm based in Minneapolis,
announced that they signed a definitive merger agreement under
which Perficient would acquire Javelin. The deal, which was accretive
to earnings, created a profitable eBusiness services leader with
annual sales in excess of $30 million, more than 225 staff in
six offices across North America and Europe and client relationships
with over 250 Global 2000 and midsize companies. WWC Capital Group
initiated discussions, helped negotiate and served as the exclusive
advisor to Perficient on the deal.
``We continue to execute our focused plan to build the dominant
eBusiness solutions provider in the Midwestern and Southwestern
US,'' said Jack McDonald, Chairman and Chief Executive Officer,
Perficient. ``Minneapolis is an attractive market where we intend
to invest and grow. Moreover, there's a tremendous opportunity
to leverage Javelin's agribusiness and banking expertise on a
national, and international level.''
Javelin's owner-managers, all veterans of large consultancies,
assumed senior roles at Perficient following the closing of the
transaction.
``This transaction makes compelling sense for our clients and
our people,'' said Dale Klein, Chief Executive Officer of Javelin
Solutions. ``Javelin's existing clients can expect the same outstanding
service they currently receive as key executives, account managers,
technologists and project managers will continue to play prominent
roles in the new company. We can offer our clients a broader and
stronger array of services.''
