Perficient Acquires Uruguays Software Developer Overactive
Summary
US IT consultant Perficient Inc has acquired Uruguayan software developer Overactive, almost doubling its footprint in Latin America. Montevideo, Uruguay-based Overactive makes US$40 million in revenue annually and has employed more than 700 IT professionals in four countries in the region, including Colombia, Chile, and Argentina. “We’re excited to continue to strengthen our nearshore delivery capacity, enhance our digital capabilities, and further expand across Latin America with the strategic acquisition of Overactive,” said Jeffrey Davis, Perficient’s Chairman, and CEO. Once the deal closes, Overactive will be folded into Perficient, and its CEO Nicolás Chiappara will get a leadership role in the merged entity. “Together, we’re bolstering our software development services while supporting the organization’s expanding dominance in Latin America and beyond,” Chiappara commented.