Carleton McKenna & Co. announced that it acted as the exclusive financial advisor to Edgewater Technology, Inc. (NASDAQ: EDGW) (“Edgewater”) in the sale of its IT Consulting Division. The IT Consulting Division was acquired by former Edgewater management and will operate under the name EdgeTech Consulting, LLC (“EdgeTech”). EdgeTech blend classic consulting disciplines with technical services to help client get the most out of their existing IT assets, plan and implement their cloud strategies, and create the new digital business models required to succeed in the next decade.
About Edgewater Technology, Inc.
Edgewater is a Delaware corporation which offers strategic IT consulting services designed to assist its clients in improving financial and operations performance across their enterprises. Delivering both on premise and in the cloud, Edgewater offers two major channel-based services. In the Oracle channel, Edgewater Ranzal provides business analytics solutions leveraging Oracle EPM, Business Intelligence and Big Data technologies. In the Microsoft channel, Edgewater Fullscope delivers Dynamics AX ERP, Business Intelligence and CRM solutions primarily in the manufacturing area. Shares of Edgewater Common Stock trade on NASDAQ under the symbol “EDGW.”
About Carleton McKenna & Co.
For more than thirty years, Carleton McKenna & Co. and its predecessor firms have been providing merger and acquisition advisory, capital raising and valuation services for small to mid-cap regional clients – both public and private – with expertise across a broad array of industries. For further information about Carleton McKenna & Co., please visit www.carletonmckenna.com.
If you would like more information about this transaction, please contact the following registered representatives*:
Paul H. Carleton
Christopher J. McKenna
Brooke A. Hradisky
Nora T. Mahoney