Perficient, Inc., an IT consulting firm based in Austin, Texas announced on Friday that it had purchased BoldTech Systems, Inc., based in Denver.  The purchase price of the deal was set at $20.8 million in combined cash and stock.

The deal should, according to the IT consulting firm spokespeople increase earnings for Perficient and bring its revenue to around $240 million.  Thomas Financial assessed the company and predicted it would post a 2007 revenue of $214.8 million.

The breakdown of the IT consulting deal is, Perficient will pay $10.4 million in cash and $10.4 million in stock for BoldTech.  This price is based on closing price for the company for 30 days prior to the acquisition.  

Perficient stated that the purchase would not affect third-quarter results; they will still fall within the normal range.  In August, third-quarter services and software revenue was predicted to fall between $51.8 million and $56 million.

Annual sales for the acquired IT consulting firm BoldTech are $20 million.  The company also has a global development center in China.  

For more information on this IT consulting development, visit the attached link.

Blogged By:  Computer Consulting Kit