Ridgecrest Advisors’ Client Perficient Acquires Ameex
SAINT LOUIS, MO (October 11, 2022) – Ridgecrest Advisors announced today that its client, Perficient, Inc. (NASDAQ: PRFT) (“Perficient”), the leading digital consultancy transforming the world’s largest enterprises and biggest brands, has acquired Ameex Technologies Corporation (“Ameex”), an approximately $19 million revenue digital experience consultancy headquartered in Schaumburg, IL, with offshore operations located in Chennai, India.
“We’re thrilled to continue to strengthen our global delivery capacity, enhance our digital capabilities and expand further within India with the strategic acquisition of Ameex Technologies,” said Chairman and CEO Jeff Davis. “More than 400 skilled global professionals are joining Perficient and bringing their award-winning agile software development, testing and support experience capabilities to the team.”
The acquisition of Ameex:
- Strengthens Perficient’s global delivery capabilities and capacity with enhanced agile software design, development, testing and support for customers, reducing costs and accelerating innovation;
- Broadens Perficient’s commerce and content solution offerings and expertise with CX consulting, experience design, data and analytics, automation, and digital technology engineering and development services;
- Expands Perficient’s presence in India, adding an offshore software development location in Chennai;
- Bolsters Perficient’s comprehensive partner network, bringing strong relationships with key technology innovators including Acquia, Adobe, Sitecore, Optimizely, Microsoft, Salesforce, and Snowflake;
- Adds more than 400 skilled global professionals; and
- Brings strategic client relationships with Fortune 1000 customers across several industries, including banking and financial services, healthcare and life sciences, CPG and retail, education, and manufacturing sectors.
Ameex CEO and Cofounder Damodaran (Dan) Venkatesan and CTO and Cofounder Ranga Srinivasan join Perficient in key leadership roles.
“Perficient is well known for its world class end-to-end digital consulting capabilities and unmatched global delivery,” said Venkatesan. “We’re excited to join forces to not only deepen our digital experience and expertise, but also to help our clients deliver personalized and meaningful customer experiences and drive growth.”
“Ameex is renowned for its customer-centric culture and our reputation for enabling enterprises to digitally mature with innovative solutions and services,” said Srinivasan. “Joining forces with Perficient expands our capabilities and strengthens our ability to responsibly and profitably deliver unparalleled value to our clients.”
Randy Grigg, managing partner of Ridgecrest Advisors, advised Perficient on the transaction in his capacity as a registered investment banking agent of M&A Securities Group, Inc. “The acquisition of Ameex and its India-based digital experience expertise is an exciting addition to Perficient’s portfolio of commerce and content service offerings,” said Grigg.
About Perficient
Perficient is the leading global digital consultancy. We imagine, create, engineer, and run digital transformation solutions that help our clients exceed customers’ expectations, outpace competition, and grow their business. With unparalleled strategy, creative, and technology capabilities, we bring big thinking and innovative ideas, along with a practical approach to help the world’s largest enterprises and biggest brands succeed. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. For more information, visit www.perficient.com.
About Ridgecrest Advisors
Ridgecrest Advisors is an investment banking and business consulting firm dedicated to helping technology consulting firms dramatically increase enterprise value. Ridgecrest Advisors helps clients in four core areas:
- Buy-side M&A advisory:We help technology consulting clients increase enterprise value by successfully executing transactions which fortify, extend or transform their businesses. We have run three of the most active acquisition programs in the sector over the last 15 years and bring deep insight into full lifecycle M&A efforts.
- Sell-side M&A advisory:We help technology consulting clients achieve premium valuations with attractive deal structures through a process that emphasizes speed and risk mitigation. Our deep industry expertise, expansive relationships with the buyer community and unmatched understanding of the perspectives of acquiring firms provide a unique ability to execute optimal transactions.
- Business consulting:Our Enterprise Value Optimization program helps technology consulting clients improve relative performance visibility, increase profit margins and reduce business risk. With our extensive experience from evaluating hundreds of consultancies while running acquisition programs, we bring unique insight into key performance indicator benchmarks and best practices of highly profitable firms.
- Private placements:Our ability to successfully raise capital allows our technology consulting clients to build value through funded strategic investment and reduce personal financial risk by realizing partial liquidity on their ownership positions. We have extensive relationships with private equity and debt financing providers who have experience and/or interest in the technology consulting sector.
All services involving securities are offered through M&A Securities Group, Inc. (“MAS”), member FINRA/SiPC; 4151 North Mulberry Drive, Suite 252; Kansas City, MO 64116; 816.888.7920. MAS and Ridgecrest are not affiliated entities.
