top of page

Charlotte, NC; June 21, 2004 - DecisionPoint International, a boutique investment bank providing merger and acquisition services to middle-market technology clients, announced today that its client, Perficient, Inc. (NASDAQ: PRFT, “Perficient” or “Company”), a leading eBusiness solutions provider to Global 3000 companies in the central United States, has acquired Meritage Technologies, Inc., a privately-held Midwestern eBusiness solutions firm with approximately $12 million in annual revenues. After accounting for the acquisition, Perficient is the leading IBM WebSphere® solutions provider in the Midwest, with annualized revenues of approximately $52 million, more than 320 consulting, technology, sales and support professionals in eight offices in the Midwest (10 in North America) and client relationships with more than 350 global companies.

“In addition to making us the unrivaled IBM WebSphere leader in the Midwest, this deal propels us through the critical $50 million revenue mark well ahead of schedule,” said Jack McDonald, chairman and chief executive of Perficient. “With our acquisition strategy and strong organic growth, we are well on our way to reaching our goal of becoming a $100 million eBusiness leader by the end of 2006.”

The acquisition of Meritage:

  • Establishes Perficient as the leading IBM WebSphere solutions provider in the Midwest;

  • Adds key office locations in Cincinnati, Columbus, Detroit and Indianapolis, creating a network of 10 Perficient offices throughout the Midwest and North America;

  • Adds top-tier enterprise clients including BankOne, DaimlerChrysler, Kroger, MeadWestvaco, Owens-Corning, Sara Lee, Zions Bancorp, and many others;

  • Adds proven management leadership and more than 100 consulting, technology, sales and support professionals including a significant number of IBM WebSphere experts; and

  • Increases the array of services and expertise Perficient can offer clients throughout its network.


“Perficient has always had a strong reputation for excellence in the Midwest and we are delighted now to be joining forces with the company to create one of the region’s leading industry players,” said Chris Gianattasio, CEO of Meritage. “In addition to providing our people with new and meaningful growth opportunities, Perficient’s WebSphere expertise, breadth of services, commitment to customer service and scale will bring strong benefits to Meritage’s clients.”

The consideration paid to selling shareholders in the transaction is approximately $7.1 million, and includes $2.9 million in cash and up to $4.2 million worth of Perficient common stock, subject to satisfying certain conditions in the first three years following the closing of the transaction. Perficient will also assume $2.4 million of debt, $1.5 million of which is related to an accounts receivable credit facility that will be retired upon the closing of the acquisition. The operating management of Meritage will receive only Perficient common stock and Perficient stock options in the transaction. 

About Perficient, Inc.


Perficient is a leading provider of eBusiness solutions in the central United States. Perficient helps companies acquire and strengthen customer relationships, reduce costs and empower employees by creating Enabled Enterprises(TM), Web-based infrastructures with dynamically-integrated business applications that extend enterprise technology assets to customers, employees, suppliers and partners. Perficient is an award-winning “Premier Level” IBM business partner and a recognized expert in IBM’s WebSphere® software. Perficient’s other partners include leading eBusiness technology and services providers Microsoft, Stellent, Bowstreet, Wily Technology, Tibco, Mainline, Digex, Fusion and others. For more information about Perficient, which has more than 320 professionals in the Central US and Canada, please visit IBM and WebSphere are trademarks of International Business Machines Corporation in the United States, other countries, or both. 

About Meritage Technologies

Meritage Technologies provides application technology planning, design and implementation services for the Global 2000. Meritage’s Portal Practice helps their clients adopt Portal Technology solutions, like IBM’s WebSphere Portal Server and Bowstreet Portlet Factory, to bring business value to their organizations by reducing operating costs, improving employee productivity and tightly integrating with their suppliers and customers. Meritage’s offices are located in Cincinnati, Columbus, Detroit and Indianapolis. For more information about Meritage Technologies, please visit


About DecisionPoint


DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit


For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070;

DecisionPoint Advises Perficient, Inc. on Acquisition of Meritage Technologies, Inc. 

bottom of page