October 18, 2021
Clearsight Advises Overactive in its Acquisition by Perficient
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its leading Digital Transformation practice. Clearsight served as the exclusive strategic advisor to Overactive, Inc. (“Overactive” or the “Company”) in its acquisition by Perficient, Inc. (“Perficient”) (NASDAQ: PRFT). This transaction marks Clearsight’s seventh Digital Transformation transaction in the last 12 months and the largest acquisition in Perficient’s history. It is also the sixth nearshoring M&A transaction for Clearsight.
Headquartered in Montevideo, Uruguay, Overactive provides agile software development and product engineering services to global clients within the financial, health, insurance, logistics and hi-tech industries. The Company’s team of nearly 700 digitally focused experts is located across major Latin American countries including Argentina, Chile, Colombia, Puerto Rico and Uruguay, and a US office in Chicago, IL. This acquisition strengthens Perficient’s nearshore delivery capabilities by adding software development locations and enhancing custom software application design, development, testing and support for customers. Additionally, Overactive brings strategic client relationships to Perficient, with Fortune 1000 clients spanning such industries as financial services, healthcare, technology and business services.
Overactive Founder and CEO Martin Troisi remarked, “After interviewing several investment banks, we selected Clearsight as our exclusive advisor due to the team’s track record of success advising premier software development firms. The Clearsight team provided us with a thorough and particularly competitive M&A process and walked us through each step along the way. I highly recommend Clearsight as a trusted advisor to any CEOs looking to take the next step in their company’s journey.”
Philo Tran, Clearsight Managing Director and Head of the firm’s Digital Transformation practice, commented, “Martin and the Overactive team have built an extraordinary and rapidly growing pan Latin American digital platform known for deep expertise in agile product engineering and data science. By acquiring Overactive, Perficient instantly became one of the top forces in Latin America. I suspect many product engineering firms will take notice of this transaction and accelerate their nearshore strategy in 2022.”
The Clearsight deal team included Philo Tran, Phil Loria and Ethan Webster.