Perficient buys E-Tech for $12.2 million |
|
|
|
Published
:
Wed, 21 Feb 2007 21:26
|
AUSTIN, Texas (AP) - Information technology consultant Perficient Inc. said Wednesday it paid $12.2 million in cash and stock for E-Tech Solutions Inc., another information technology consulting firm.Perficient said the transaction included roughly $6.1 million in cash and about $6.1 million in common stock.The company expects the acquisition will increase its annual revenue to just under $200 million and will add to earnings immediately. E-Tech posts about $10 million in annual sales.E-Tech Chief Executive Paul Elisii will join Perficient as a general manager.Shares of Perficient fell 31 cents to $20.40 in afternoon trading on the Nasdaq Stock Exchange.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Tetra Tech joint venture gets $62M deal 