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Home > Company Index > Computer Software & Services > Information Technology Consulting Services & Maintenance > Peritus Software Services, Inc.

Peritus Software Services, Inc.
 PROFILE
Peritus Software Services found life after Y2K perilous. Formerly a specialist in year 2000 (Y2K) software remediation services, Peritus struggled with operating losses and poor cash flow as it shifted its focus to software maintenance services and software. The company also provided on-site technology training and software tools for managing workflows and moving applications from mainframes to workstations. Customers included Bull (40% of sales), Ford (15%), EMC (12%), and CGI (10%). Privately held Rocket Software (which had owned 37% of Peritus) acquired the remainder of the company for about $3.2 million.

 COMPETITION
Computer Sciences Corporation (CSC)
Keane, Inc. (KEA)
SEEC, Inc. (SEEC)

 DEALS
Deal: Rocket Software Invests $4 Million in Peritus Software
Date Announced: 03.27.00
Value of transaction (US $Mil): 4
Description: Software company invests $4 million into software solutions maintenance company.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4.50
1-Yr. Sales Growth: (59.6)%
Employees: 22
Revenue per employee: $204,545.45

 KEY PEOPLE
• John D. Giordano
    CEO
• John D. Giordano
    CFO

 CONTACT INFO
112 Turnpike Rd., Ste. 111
Westborough, MA 01581
US
Phone: 508-870-0963
Fax: 508-870-0764
Online: Web Site

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