Perficient Buys CoreMatrix

(RTTNews) - Technology consulting firm Perficient, Inc. (PRFT) said Monday that it has bought CoreMatrix Systems LLC, a consulting firm specializing in salesforce.com cloud computing services and solutions, for about $21.5 million, including $18.5 million in cash and about $3 million worth of Perficient common stock.

Additional consideration of up to $10 million is subject to certain financial achievements and working capital provisions.

Perficient, whose current annualized revenues are now approaching $400 million, expects the deal to be accretive to adjusted earnings per share immediately.

CoreMatrix managing members Frank McMahon and Paul Nix will join Perficient in key leadership roles.