Microsoft NSI Perficient Snaps Up Another Channel Company
Perficient, a St. Louis-based IT consulting firm and Microsoft National Systems Integrator, this month acquired Charlotte, N.C.-based Exervio Inc. in a $13.6 million deal.
With the acquisition, Perficient will absorb the 100-employee management consulting firm with footprints in Atlanta, Charlotte, N.C., and Dallas. Exervio's enterprise customers include AT&T, Bank of America, the Boy Scouts of America, Coca Cola, Duke Energy, Family Dollar, Lowe's, Piedmont Natural Gas and Wells Fargo. Exervio co-founders Jon Nance, Mark Heisig and Edward Pounds will all join Perficient.
Jeffrey Davis, Perficient's CEO and president, said Exervio offers "strong pull-through potential for our custom and packaged application development, implementation and integration services."
The deal follows Perficient's late 2010 purchase of speakTECH, another Microsoft NSI. Davis has said M&A is an important part of the growth strategy for Perficient, which will have about 1,450 total employees and $245 million in annual revenues counting Exervio's $13 million a year in business.
Posted by Scott Bekker on April 15, 2011