Perficient Inc. (PRFT) announced that it has acquired San Francisco-based Clear Task Inc., a consulting firm focused entirely on the salesforce.com product suite.
The consideration paid in the transaction is about $7.9 million and includes $6.3 million in cash and about $1.6 million worth of Perficient common stock, which is based on the average closing price of Perficient's common stock on the Nasdaq Global Select Market for the thirty trading days immediately preceding the acquisition close per the terms of the acquisition agreement.
Additional consideration of up to $3.7 million is subject to certain financial achievements and working capital provisions.
Clear Task Chief Executive Officer Andrew O'Driscoll and Vice President of Sales and Services Marc LeCours join Perficient in key leadership roles.
Perficient said its current annualized revenues are now approaching $380 million. The transaction is expected to be accretive to adjusted earnings per share immediately.
With the acquisition, the company raised its full year 2013 revenue guidance to a range of $362 million to $382 million from the prior estimate of $358 million to $378 million. Analysts polled by Thomson Reuters expected the company to report revenues of $363.32 million for fiscal 2013. Analysts' estimates typically exclude special items.
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