Perficient Acquires Tier1 Innovation

June 26, 2007

Austin-based Perficient, Inc. acquired Tier1 Innovation, LLC, an Oracle- and Siebel-focused IT consulting firm, in a transaction valued at approximately $14.25 million (half cash, half stock). The deal expands Perficient's Oracle/Siebel capabilities, adds a Denver/Rocky Mountain office and more than 50 consulting and support professionals, and was expected to be accretive to earnings.

Buyers
Perficient, Inc.
Targets
Tier1 Innovation, LLC
Industry
IT Services
Location
Colorado, United States
Transaction Type
Buyout

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