Austin, TX-based Perficient is to acquire Houston-based ZettaWorks in a $10.7 million cash and paper deal. Perficient has a presence in the downstream oil and gas sector—with enterprise portal development for ChevronTexaco and BP.
EAI
Perficient has also worked with energy supply companies including Duke Energy on deregulation, processes and distribution, trading, and customer service. ZettaWorks, an enterprise application integration (EAI) consultancy and systems integrator, earned about $16 million last year from clients. The deal will mean that Perficient’s 2005 revenue should top $75 million.
McDonald
Jack McDonald, Perficient chairman and CEO said, ‘This acquisition expands our footprint into Houston, and provides a strong platform for further growth in Texas. ZettaWorks has grown rapidly—from a startup to $16 million revenues in four years. With this acquisition, and our continued solid organic growth, our goal is to achieve a $100 million annual revenue run rate before the end of 2005.’
425 employees
The combined companies have 425 consulting, technology, sales and support professionals in 11 offices and client relationships with 380 Global 3000 companies. The deal adds BP America to Perficient’s client list.
Pash
Tom Pash, ZettaWorks’ CEO added, ‘EAI is gaining an increasing share of enterprise technology spending. Joining Perficient provides tremendous opportunities to grow our joint businesses.’ DecisionPoint International served as an advisor to Perficient on the transaction.
WebSphere
Just before the deal, ZettaWorks announced a new partnership with IBM for deploying IBM’s WebSphere Suite for EAI. The deal allows IBM’s customers to benefit from ZettaWorks’ EAI domain knowledge, methodology, and reusable components to solve ‘complex enterprise scale integration problems.’
E&P Portal
One component solution of the deal is a vertical solution
set and E&P operations portal, developed by ZettaWorks using Websphere.
Other products include tools for Sarbanes-Oxley compliance, RFID integration,
and asset management. In 2002 (OITJ Vol 7 N° 7) ZettaWorks announced a suite
of Tibco Hub-based EAI adaptors tuned to the
upstream.
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