Avendus Capital Incorporation Advises Zeon Solutions on Its Sale to Perficient, Inc. (NASDAQ: PRFT)

Zeon Solutions has entered into a purchase agreement to sell the assets of Zeon Solutions Inc., its subsidiary, Grand River Interactive LLC, and an Indian affiliate (collectively, “Zeon Solutions”) to Perficient, Inc. (NASDAQ: PRFT) (“Perficient”). Zeon Solutions, is a IT consulting firm specializing in the development, implementation, integration and support of e-commerce solutions.

Post this deal, Perficient’s current annualized revenues are now approaching $500 million, and the acquisition is expected to be accretive to adjusted earnings per share.

Avendus Capital, Inc. was the sole financial advisor to Zeon Solutions for this transaction.

Deal Value

USD 38.5 mn

Service

Mergers & Acquisitions

Sector

Enterprise Technology & Services

Date

February 2015

Avendus did an extraordinary job finding the best fit for our organization.

Rupesh Agrawal

Founder and President, Zeon Solutions

I am pleased that our client achieved an outcome that benefitted both the shareholders as well as the employees of Zeon Solutions and positioned the company for its next phase of growth,

Mr. Puneet Shivam

Executive Director, Head of US and Co-head BPO at Avendus Capital

About Zeon Solutions | Perficient

Zeon Solutions was founded in 2003 and has grown to become a $23 million annual services revenue business and IT consulting firm specializing in the development, implementation, integration and support of ecommerce solutions. Zeon Solutions partners with best of breed e-commerce platforms including Magento and Hybris, among others, to provide development and integration expertise.

Zeon Solutions is headquartered in Milwaukee, Wisconsin, with other locations in Ann Arbor, Michigan, as well as an off-shore delivery center in Nagpur, India. Zeon has nearly 400 consulting, technology, sales and support professionals and enterprise customers include BSN Sports, Hickory Farms, HoMedics, Jordan's Furniture, Steelcase, Walter Kidde, Woodstream Corp., and many others.

Perficient, Inc. is a leading information technology and management consulting firm serving Global 2000 and enterprise customers throughout North America. Perficient’s professionals serve clients from a network of offices across North America and two offshore locations in India and China. Perficient, Inc. helps clients use Internet-based technologies to improve productivity and competitiveness; strengthen relationships with customers, suppliers and partners; and reduce information technology costs. Perficient, , Inc. traded on the Nasdaq Global Select Market, is a member of the Russell 2000® index and the S&P SmallCap 600 index. Perficient is an award-winning “Premier Level” IBM business partner; a Microsoft National Service Provider and Gold Certified Partner; an Oracle Platinum Partner; a Platinum Salesforce.com Cloud Alliance Partner; a TeamTIBCO partner; and an EMC Select Services Team Partner.