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'''Edgewater Technology''' became part of the Alithya Group in November 2018<ref>{{Cite news|url=https://www.bloomberg.com/press-releases/2018-11-01/alithya-acquires-edgewater-technology-and-becomes-a-leading-north-american-strategy-and-digital-technology-firm|title=Alithya acquires Edgewater Technology and becomes a leading North American strategy and digital technology firm|date=November 1, 2018|work=Bloomberg}}</ref>. Alithya Group Inc. is a North American company specializing in digital strategy and technologies. Alithya is the second largest company in its industry in Canada, with a turnover of $279 USD. The company employs over 3,000 people in Canada, the United States and Europe<ref>{{Cite news|url=https://www.lapresse.ca/affaires/entreprises/2021-04-07/alithya/l-accompagnement-humain-avant-la-technologie.php|title=Alithya, l'accompagnement humain avant la technologie|date=April 7, 2021}}</ref>.
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'''Edgewater Technology''' became part of the Alithya Group in November 2018. Prior to that, it was a Massachusetts-based, publicly traded business (NASDAQ: EDGW) and IT consulting firm with an international reach. The company had approximately 400 employees. Edgewater was ranked 89th in the Top Performing Public Companies in Massachusetts in 2013 by The Boston Globe’s Annual Globe 100.<ref>{{cite web|url=https://www.bostonglobe.com/business/specials/globe-100| title= The best of Massachusetts business — 2013}}</ref> Edgewater had three divisions that operated independently; Edgewater Consulting, Edgewater Ranzal, and Edgewater Fullscope.

⚫
Prior to that, Edgewater Technology was a Massachusetts-based, publicly traded business (NASDAQ: EDGW) and IT consulting firm with an international reach. The company had approximately 400 employees. Edgewater was ranked 89th in the Top Performing Public Companies in Massachusetts in 2013 by The Boston Globe’s Annual Globe 100.<ref>{{cite web|url=https://www.bostonglobe.com/business/specials/globe-100| title= The best of Massachusetts business — 2013}}</ref> Edgewater had three divisions that operated independently; Edgewater Consulting, Edgewater Ranzal, and Edgewater Fullscope.


== History ==
== History ==
Line 29: Line 31:
In June 2012, Edgewater was invited to participate in the NASDAQ closing ceremony to celebrate its 20th anniversary.<ref>{{cite web|url=https://globenewswire.com/news-release/2012/06/18/479545/259391/en/Edgewater-Technology-Inc-EDGW-to-Ring-The-NASDAQ-Stock-Market-Closing-Bell.html| title=Edgewater 20 Year Celebration Culminates with NASDAQ Ceremony}}</ref>
In June 2012, Edgewater was invited to participate in the NASDAQ closing ceremony to celebrate its 20th anniversary.<ref>{{cite web|url=https://globenewswire.com/news-release/2012/06/18/479545/259391/en/Edgewater-Technology-Inc-EDGW-to-Ring-The-NASDAQ-Stock-Market-Closing-Bell.html| title=Edgewater 20 Year Celebration Culminates with NASDAQ Ceremony}}</ref>


In November 2018, Edgewater Technology was acquired by the Alithya Group. Alithya was established in 1992 under the leadership of founder Ghyslain Rivard, with the help of a dozen information technology employees from Mouvement Desjardins. Its original name was CIA. In 2020, Alithya was selected by Nemours Children's Hospital, one of the largest of its kind in the U.S., to implement Oracle cloud services there. Its merger with Edgewater, which specializes in enterprise systems, and its acquisition of Travercent, which specializes in healthcare, gave Alithya the tools to get this contract.<ref>{{Cite news|url=https://www.lapresse.ca/affaires/entreprises/2020-08-20/alithya-decroche-son-plus-important-contrat-aux-etats-unis.php|title=Alithya décroche son plus important contrat aux États-Unis}}</ref>
⚫
In November 2018, Edgewater Technology was acquired by the Alithya Group.<ref>{{Cite news|url=https://www.bloomberg.com/press-releases/2018-11-01/alithya-acquires-edgewater-technology-and-becomes-a-leading-north-american-strategy-and-digital-technology-firm|title=Alithya acquires Edgewater Technology and becomes a leading North American strategy and digital technology firm|date=November 1, 2018|work=Bloomberg}}</ref>


== Acquisitions ==
== Acquisitions ==

Following the acquisition of Edgewater, R3D and other firms, as well as high volatility on the stock market, six Canadian IT analysts suggest that Alithya Group might post a final loss in 2022, before turning a profit in 2023.<ref>{{cite web|url=https://finance.yahoo.com/news/alithya-group-inc-tse-alya-081207020.html|title=When will Alithya become profitable}}</ref> This profit is estimated at CA$8.3 million.


* Ranzal & Associates (October 2004): A provider of Enterprise Performance Management solutions including [[Oracle Hyperion]] [[Enterprise Performance Management]] (EPM), [[Business Intelligence]] (BI) and [[Big Data]]. It is now operating as subsidiary ''Edgewater Ranzal'';<ref>{{cite web|url=http://www.bizjournals.com/boston/stories/2004/10/04/daily20.html| title=Edgewater Technology pays $5.2M for software-maker Ranzal}}</ref>
* Ranzal & Associates (October 2004): A provider of Enterprise Performance Management solutions including [[Oracle Hyperion]] [[Enterprise Performance Management]] (EPM), [[Business Intelligence]] (BI) and [[Big Data]]. It is now operating as subsidiary ''Edgewater Ranzal'';<ref>{{cite web|url=http://www.bizjournals.com/boston/stories/2004/10/04/daily20.html| title=Edgewater Technology pays $5.2M for software-maker Ranzal}}</ref>

Revision as of 15:14, 29 April 2021

Edgewater Technology
IndustryManufacturing, Insurance, Healthcare, Hospitality, Oil and Gas, Retail, Financial Services
Founded1992
HeadquartersMontreal, Quebec, Canada
Key people
Jeffrey Rutherford, interim president and CEO
Dave Clancey, EVP
Timothy Oakes, CFO
Edgewater Ranzal
Russell Smith, SVP, Edgewater Fullscope
Kristin Zaepfel, VP of Human Resources
ProductsBusiness Advisory and Technical Services, Business Intelligence, EPM, ERP, CRM, and Big Data Services
ParentAlithya
Websitealithya.com/en

Edgewater Technology became part of the Alithya Group in November 2018[1]. Alithya Group Inc. is a North American company specializing in digital strategy and technologies. Alithya is the second largest company in its industry in Canada, with a turnover of $279 USD. The company employs over 3,000 people in Canada, the United States and Europe[2].

Prior to that, Edgewater Technology was a Massachusetts-based, publicly traded business (NASDAQ: EDGW) and IT consulting firm with an international reach. The company had approximately 400 employees. Edgewater was ranked 89th in the Top Performing Public Companies in Massachusetts in 2013 by The Boston Globe’s Annual Globe 100.[3] Edgewater had three divisions that operated independently; Edgewater Consulting, Edgewater Ranzal, and Edgewater Fullscope.

History

Edgewater Technology (Edgewater) was founded in 1992 by Shirley Singleton and David Clancey. Shirley Singleton served as the company's president from 1992 through 2002. The company grew from a five-person shop to a 150-person professional services organization before being acquired in 1999 by StaffMark, a publicly traded international billion dollar staffing organization. Edgewater was an operating subsidiary focusing on project-based IT consultancy business under the StaffMark organization. In January 2002, StaffMark changed its name to Edgewater Technology, Inc., as well as its Nasdaq ticker to EDGW, and moved its public company structure from Fayetteville, Arkansas to Wakefield, Massachusetts. Shirley Singleton was then named the company's president and chief executive officer.

In April 2004, Edgewater Technology, Inc. nominated Paul Guzzi, the President and chief executive officer of the Greater Boston Chamber of Commerce, to serve on board of directors.[4]

In December 2005, Edgewater Technology, Inc. appointed Nancy Leaming, the president and chief executive officer for Tufts Health Plan, to serve on board of directors.[5]

In November 2010, Edgewater Ranzal opened an office in London UK.[6]

In June 2012, Edgewater was invited to participate in the NASDAQ closing ceremony to celebrate its 20th anniversary.[7]

In November 2018, Edgewater Technology was acquired by the Alithya Group. Alithya was established in 1992 under the leadership of founder Ghyslain Rivard, with the help of a dozen information technology employees from Mouvement Desjardins. Its original name was CIA. In 2020, Alithya was selected by Nemours Children's Hospital, one of the largest of its kind in the U.S., to implement Oracle cloud services there. Its merger with Edgewater, which specializes in enterprise systems, and its acquisition of Travercent, which specializes in healthcare, gave Alithya the tools to get this contract.[8]

Acquisitions

Following the acquisition of Edgewater, R3D and other firms, as well as high volatility on the stock market, six Canadian IT analysts suggest that Alithya Group might post a final loss in 2022, before turning a profit in 2023.[9] This profit is estimated at CA$8.3 million.

  • Ranzal & Associates (October 2004): A provider of Enterprise Performance Management solutions including Oracle Hyperion Enterprise Performance Management (EPM), Business Intelligence (BI) and Big Data. It is now operating as subsidiary Edgewater Ranzal;[10]
  • National Decision Systems (February 2006): A firm specializing in strategic business process consulting;[11]
  • Alecian Corporation (July 2007): A strategic technology and business consulting firm that specializes in delivering financial management solutions;[12]
  • Lynx BI Consulting, Inc. (September 2007): A provider of professional services for the Corporate Performance Management / Business Intelligence industry;[13]
  • Vertical Pitch LLC (December 2007): A provider of Corporate Performance Management;[14]
  • Fullscope, Inc. (January 2010): A provider of Enterprise Resource Planning solutions for manufacturers leveraging Microsoft Dynamics AX software. It is now operating as subsidiary Edgewater Fullscope;[15]
  • Meridian Consulting International (May 2010): A provider of professional services for Oracle Hyperion Strategic Finance;[16]
  • Zero2Ten, Inc. (March 2015): An award-winning Microsoft Dynamics CRM partner;[17]
  • Branchbird, LLC (August 2015): An Oracle Gold Partner and Cloudera Partner specializing in Big Data and Data Discovery technologies and solutions;[18]
  • M2 Dynamics Inc. (December 2015): An Oracle Platinum Partner providing Oracle EPM and BI solutions[19]

See also

References

  1. ^ "Alithya acquires Edgewater Technology and becomes a leading North American strategy and digital technology firm". Bloomberg. November 1, 2018.
  2. ^ "Alithya, l'accompagnement humain avant la technologie". April 7, 2021.
  3. ^ "The best of Massachusetts business — 2013".
  4. ^ "Edgewater Technology Nominates Paul Guzzi to Serve on Board Of Directors".
  5. ^ "Edgewater Technology Appoints Nancy Leaming to Board of Directors; Appointment Further Expands Breadth of Board".
  6. ^ "Edgewater Ranzal Opens London, UK Office, Extends Oracle Hyperion Expertise to European Market".
  7. ^ "Edgewater 20 Year Celebration Culminates with NASDAQ Ceremony".
  8. ^ "Alithya décroche son plus important contrat aux États-Unis".
  9. ^ "When will Alithya become profitable".
  10. ^ "Edgewater Technology pays $5.2M for software-maker Ranzal".
  11. ^ "Edgewater Acquires National Decision Systems; Acquisition Expands Premium Services Portfolio".
  12. ^ "Edgewater Acquires Alecian Corp".
  13. ^ "Edgewater Acquires West Coast Business Intelligence Services Firm, California-based Lynx Enhances CPM Offerings".
  14. ^ "Edgewater Acquires Vertical Pitch, Accretive Acquisition will Enhance CPM Offerings".
  15. ^ "Edgewater Acquires Fullscope, Inc., Microsoft Dynamics Partner of the Year".
  16. ^ "Edgewater Acquires Meridian Consulting International, Strategic Finance Practice Expands EPM Offerings".
  17. ^ "Edgewater Acquires Zero2Ten, Inc., Microsoft Dynamics Cloud Partner of the Year Will Expand Offerings to Manufacturers, Further Strengthen Microsoft Practice".
  18. ^ "Edgewater Acquires Branchbird, Expands Big Data/Data Discovery Solutions to Complement EPM/BI Suite Offerings".
  19. ^ "dgewater Acquires M2 Dynamics, Expands Reach and Depth in Oracle Business Analytics Accretive to 2016 Earnings Per Share".
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