Mr. Davis: Perficient was founded in 1997 in Austin, Texas, and went public in a small micro-cap IPO in 1999 with about 12 employees, back when you could do that sort of thing. The intent was to raise some capital with that and use the money to do some acquisitions. So the company has been always very acquisitive. We've completed, 17 acquisitions since then. We've taken a hiatus on that in the last couple of years through the recession, but we're looking to pick that back up again. The company was originally an outsourcing firm for software vendors, specifically Plum Tree and then IBM. Today we have significant relationships with the country's leading technology vendors, including IBM, Oracle and Microsoft. We do a lot of things around Internet technologies - not necessarily Web, but Internet-based technologies - a lot of JAVA development, custom application development, a lot of portal development and deployment, customer service-type applications. Again, mostly custom or often custom. We also implement Siebel and have a pretty significant Oracle-Siebel business.
TWST: Who predominately comprises the client base for your services? Who is your nearest competition?
Mr. Davis: The biggest chunk of our revenue comes predominantly from Fortune 1000 companies - companies that we described as being 1 billion or 2 billion in revenue and up. We do business with much, much smaller companies as well, and do a fair amount of work within the mid-market space. But the majority of our revenue comes from those Fortune 1000 firms. The companies that we see most often are the larger firms, like Accenture, and offshore firms, like Cognizant. We compete occasionally with Sapient, but it's typically Accenture, Deloitte, Cognizant, Infosys, those big firms.
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