Kuhn Capital announced today that -- on behalf of its Michigan-based client, Insolexen -- it has initiated Insolexen's merger with Austin-based Perficient (Nasdaq: PRFT), for $13.4 million.
Chicago, IL (PRWEB) May 31, 2006 -- Kuhn Capital announced today that -- on behalf of its Michigan-based client, Insolexen -- it has initiated Insolexen's merger with Austin-based Perficient (Nasdaq: PRFT), for $13.4 million.
Insolexen, less than three years old with over 100 employees and about $13 million in sales, had quickly grown into one of the country’s leading technical consultancies, specializing in the integration and installation of IBM’s WebSphere, TIBCO and webMethods applications.
Perficient, with a market capitalization of about $350 million, is also among the largest independent WebSphere integrators. The combination presents Insolexen managers, employees and clients with the benefits of access to Perficient’s greater organizational and technical resources at the same time it further enhances Perficient’s commanding presence in the technical consulting field.
In 2000, Kuhn Capital had represented Perficient in its $60 million purchase of Compete, also a WebSphere integration specialist.
"We are pleased to have been selected by Insolexen management and owners to represent their interests in this transaction. We believe the combination will result in substantial advantages for both parties,” said Ryan Kuhn, a Kuhn Capital principal. See www.kuhncap.com for more information.
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