US IT consultant Perficient Inc has acquired Uruguayan software developer Overactive, nearly doubling its presence in Latin America.
Overactive, based in Montevideo, Uruguay, has annual revenue of $40 million and employs more than 700 IT professionals in four countries in the region, including Colombia, Chile and Argentina.
Overactive offers a range of IT services, such as software development, testing, application integration and support.
Founded in 2008, Overactive reportedly serves several high-net-worth clients in lucrative industries such as financial services and healthcare.
“We are excited to continue to strengthen our nearshore delivery capability, enhance our digital capabilities and further expand in Latin America with the strategic acquisition of Overactive,” said Jeffrey Davis, President and CEO of Perficient. .
Once the agreement is concluded, Overactive will be integrated into Perficient, and its CEO Nicolás Chiappara will obtain a leadership role in the merged entity.
This is Perficient’s second acquisition in Latin America in the past two years. In June 2020, it bought Colombia-based software services provider Productora de Software (PSL) for around US$70 million.
“Together, we are strengthening our software development services while supporting the organization’s growing dominance in Latin America and beyond,” commented Chiappara.
Proficient, based in St. Louis, Mo., also has operations in India and China.
