EQT Completes Acquisition of Perficient
EQT Asia has completed the acquisition of Perficient (NASDAQ: PRFT), a leading global digital consultancy. As a result, Perficient has ceased trading on NASDAQ and will operate as a privately held company. The company will continue to focus on its long-term growth strategy, including expanding its global talent, enhancing client relationships, and investing in next-generation digital offerings.
Perficient CEO Tom Hogan emphasized the company's commitment to executing its global growth strategy and serving Fortune 500 clients. Hari Gopalakrishnan from EQT highlighted Perficient's potential to help enterprises accelerate digital transformation initiatives. The acquisition aims to strengthen Perficient's ability to innovate, expand, and forge a stronger future with its customers.
EQT Asia ha completato l'acquisizione di Perficient (NASDAQ: PRFT), una delle principali società di consulenza digitale a livello globale. Di conseguenza, Perficient ha cessato di essere quotata su NASDAQ e opererà come azienda privata. La società continuerà a concentrarsi sulla sua strategia di crescita a lungo termine, che include l'espansione del suo talento globale, il miglioramento delle relazioni con i clienti e gli investimenti in offerte digitali di nuova generazione.
Il CEO di Perficient, Tom Hogan, ha sottolineato l'impegno dell'azienda nell'esecuzione della sua strategia di crescita globale e nel servire i clienti Fortune 500. Hari Gopalakrishnan di EQT ha evidenziato il potenziale di Perficient per aiutare le imprese ad accelerare le iniziative di trasformazione digitale. L'acquisizione mira a rafforzare la capacità di Perficient di innovare, espandersi e costruire un futuro più solido con i suoi clienti.
EQT Asia ha completado la adquisición de Perficient (NASDAQ: PRFT), una destacada consultora digital global. Como resultado, Perficient ha dejado de cotizar en NASDAQ y operará como una empresa privada. La compañía continuará enfocándose en su estrategia de crecimiento a largo plazo, que incluye la expansión de su talento global, el fortalecimiento de las relaciones con los clientes y la inversión en ofertas digitales de próxima generación.
El CEO de Perficient, Tom Hogan, enfatizó el compromiso de la empresa con la ejecución de su estrategia global de crecimiento y con el servicio a clientes Fortune 500. Hari Gopalakrishnan de EQT destacó el potencial de Perficient para ayudar a las empresas a acelerar sus iniciativas de transformación digital. La adquisición tiene como objetivo fortalecer la capacidad de Perficient para innovar, expandirse y forjar un futuro más sólido con sus clientes.
EQT 아시아는 퍼피시언트의 인수를 완료했습니다 (NASDAQ: PRFT), 세계적인 디지털 컨설팅의 선두 주자입니다. 그 결과, 퍼피시언트는 NASDAQ에서 거래를 중단했습니다 그리고 개인 기업으로 운영됩니다. 회사는 글로벌 인재 확충, 클라이언트 관계 강화, 차세대 디지털 서비스에 대한 투자 등을 포함하는 장기 성장 전략에 계속 집중할 것입니다.
퍼피시언트의 CEO인 톰 호건은 회사의 글로벌 성장 전략을 실행하고 포춘 500 고객을 지원하겠다는 헌신을 강조했습니다. EQT의 하리 고팔크리슈난은 퍼피시언트가 기업들이 디지털 혁신을 가속화하는 데 도움이 될 수 있는 잠재력을 강조했습니다. 이 인수는 퍼피시언트가 혁신하고 확장하며 고객과의 더 강력한 미래를 구축할 수 있는 능력을 강화하는 것을 목표로 하고 있습니다.
EQT Asia a achevé l'acquisition de Perficient (NASDAQ: PRFT), un leader mondial du conseil numérique. En conséquence, Perficient a cessé ses activités sur NASDAQ et opérera en tant qu'entreprise privée. La société continuera de se concentrer sur sa stratégie de croissance à long terme, qui inclut l'expansion de ses talents mondiaux, l'amélioration des relations avec les clients et des investissements dans des offres numériques de nouvelle génération.
Le PDG de Perficient, Tom Hogan, a souligné l'engagement de l'entreprise à exécuter sa stratégie de croissance mondiale et à servir des clients Fortune 500. Hari Gopalakrishnan d'EQT a mis en avant le potentiel de Perficient pour aider les entreprises à accélérer leurs initiatives de transformation numérique. L'acquisition vise à renforcer la capacité de Perficient à innover, s'étendre et bâtir un avenir plus juste avec ses clients.
EQT Asia hat die Übernahme von Perficient abgeschlossen (NASDAQ: PRFT), einer führenden globalen digitalen Beratungsfirma. Infolgedessen hat Perficient den Handel an der NASDAQ eingestellt und wird als privates Unternehmen agieren. Das Unternehmen wird weiterhin auf seine Langfristige Wachstumsstrategie fokussieren, einschließlich der Erweiterung seines globalen Talents, der Verbesserung der Kundenbeziehungen und der Investition in digitale Angebote der nächsten Generation.
Der CEO von Perficient, Tom Hogan, betonte das Engagement des Unternehmens für die Umsetzung seiner globalen Wachstumsstrategie und den Service für Fortune 500-Kunden. Hari Gopalakrishnan von EQT hob das Potenzial von Perficient hervor, Unternehmen bei der Beschleunigung von Initiativen zur digitalen Transformation zu unterstützen. Die Übernahme zielt darauf ab, die Innovations- und Expansionsfähigkeit von Perficient zu stärken und eine stärkere Zukunft mit seinen Kunden zu gestalten.
- Acquisition by EQT Asia provides potential for accelerated growth and expansion
- Continued focus on long-term growth strategy and digital offerings
- Strengthened ability to invest in innovation and global talent
- Delisting from NASDAQ stock exchange
- Transition from public to private company may impact transparency for stakeholders
Insights
The acquisition of Perficient by EQT marks a significant shift in the company's structure, transitioning from a publicly traded entity to a private one. This move could potentially provide Perficient with more flexibility in its operations and long-term strategy execution without the pressures of quarterly reporting and public market scrutiny.
The deal's completion at a time when the tech sector is facing challenges could be seen as a vote of confidence in Perficient's business model and growth prospects. EQT's backing may enable Perficient to make more aggressive investments in talent acquisition and technology development, potentially accelerating its growth trajectory.
However, investors should note that this transaction means the end of public trading for Perficient stock, which could impact liquidity for existing shareholders. The
This acquisition positions Perficient to potentially accelerate its global expansion and innovation in digital consultancy services. With EQT's support, Perficient may have enhanced resources to invest in cutting-edge technologies and expand its service offerings, which could strengthen its competitive position in the rapidly evolving digital transformation market.
The move to go private could allow Perficient to take a more long-term view on investments and strategic decisions without the short-term pressures often associated with public markets. This could be particularly advantageous in the fast-paced tech sector where agility and quick adaptation to new technologies are crucial.
For the broader tech consulting industry, this deal may signal increased private equity interest in digital transformation services, potentially leading to more consolidation or similar take-private transactions in the sector. It's a trend worth watching for investors interested in the digital consultancy space.
In conjunction with the closing, Perficient’s common stock ceased trading before the market opened on October 2, 2024, and the Company is no longer listed on the NASDAQ stock exchange. Perficient will operate as a privately held company.
Following the acquisition, Perficient will remain focused on executing its long-term growth strategy, which includes expanding its high-performing global talent, enhancing its client relationships, and investing in its next-generation digital offerings and capabilities. Perficient’s leadership team and its shareholders remain committed to helping its Fortune 500 clients deliver digital solutions that exceed customers’ expectations, outpace the competition, and transform their business.
“Today, Perficient begins an exciting new chapter – one that is focused exclusively on executing our long-term, global growth strategy,” said Perficient CEO Tom Hogan. “For more than 25 years, we have developed long-term, trusted partnerships with many of the world’s biggest brands, which would not have been possible without our global team of 7,000 strategists, designers, technologists and engineers. EQT further strengthens our ability to focus on innovation and expansion, grow our talent around the world, and forge a stronger future with and for our customers.”
Hari Gopalakrishnan, Partner in the EQT Private Capital Asia advisory team and Head of EQT Private Capital India, said, “As technology continues to rapidly evolve, enterprises need a trusted partner to help guide the future, avoid disruption, and compete in a fast-paced, global market. Perficient’s international team of talented professionals, deep domain and industry expertise, and digital capabilities are well-placed to help enterprises accelerate their most important digital transformation initiatives. We are pleased to partner with Perficient in the next phase of its global evolution.”
BofA Securities served as lead financial advisor and Wells Fargo as financial advisor to Perficient in connection with the transaction. Kirkland & Ellis LLP served as Perficient’s legal advisor. J.P. Morgan and TD Securities served as financial advisors to EQT, and Simpson Thacher & Bartlett LLP acted as legal advisor.
About Perficient
Perficient is the leading global digital consultancy. Our team of strategists, designers, technologists and engineers help the world’s largest enterprises and biggest brands boldly advance their business and drive real results through the power of technology. We shatter boundaries, obsess over outcomes and forge the future for our customers. For more information, visit www.perficient.com.
About EQT
EQT is a purpose-driven global leading investment organization with
More info: www.eqtgroup.com
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241002678120/en/
Perficient Contact:
Bill Davis, Senior Vice President, 314-529-3555
bill.davis@perficient.com
EQT Contact:
EQT Press Office, press@eqtpartners.com
Source: Perficient, Inc.
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