Perficient acquires software development company Overactive
Perficient, a Saint-Louis-based technology consulting firm, has acquired Overactive, a software development consulting firm based in Montevideo, Uruguay.
Founded in 2008, Overactive has nearshore software development sites in Uruguay, Chile, Argentina and Colombia. The company’s 700+ software developers work with clients across a variety of industries, including financial services, healthcare, technology and business services, on projects spanning experience design, mobile, management applications, data science and business evolution, among others.
Recent client projects for Overactive include working with Scotiabank to make its banking application more intuitive, dynamic and modern, and working with a Fortune 500 logistics company to rebuild its critical business systems infrastructure.
Perficient’s acquisition of Overactive will further expand its nearshore delivery capabilities, strengthening its offerings in the design, development, testing and support of custom software applications. The Overactive team will further expand Perficient’s presence in Colombia and add new locations in Uruguay, Argentina and Chile.âOur fully integrated, multi-shore global delivery approach continues to be a key driver of growth and a compelling differentiator in the market,â said Jeffrey Davis, President and CEO of Perficient. âWith the addition of Overactive, we now have more talent in offshore software and digital development than onshore. Our global talent, coupled with our strong presence in the United States, enables our clients to scale rapidly, innovate rapidly and reduce costs to better meet growing customer demands, transform their businesses and stay ahead of the competition.
More than half of Perficient’s more than 6,000 employees are based at the company’s international delivery centers in India, China, South America and Eastern Europe. The firm has more than 20 offices in the United States, as well as international offices in Toronto, Canada, and Oxford, United Kingdom.
The transaction builds on Perficient’s September acquisition of Talos Digital, a Colombia-based software development and e-commerce specialist with approximately 175 employees.
âFor over 13 years, Overactive’s experienced project teams have been dedicated to delivering excellence to our customers, and we are delighted to partner with Perficient – a trusted leader in delivering end-to-end digital solutions. to the world’s largest companies, âsaid NicolÃ¡s Chiappara, CEO of Overactive, who joins Perficient in a key leadership role. âTogether, we are strengthening our software development services while supporting the organization’s growing dominance in Latin America and beyond.
Perficient advises organizations on strategy, product development, customer experience and digital marketing, platforms and technology, and data, among other areas.
The state-owned company has seen solid growth as the Covid-19 pandemic further accelerated business demand for digital advisory services. The company’s second quarter 2021 revenue increased 26% year-over-year to $ 184.1 million, while Adjusted EBITDA increased 48% to $ 39.0 million. Perficient expects 2021 revenues of between $ 710 and $ 723 million.