Alithya Group Inc. (“Alithya”), a Québec private corporation, and
Edgewater Technology, Inc. (“Edgewater”), a Delaware corporation
listed on the NASDAQ Global Market (NASDAQ: EDGW), announce the
approval of the previously announced Alithya-Edgewater business
combination by Edgewater’s stockholders by approximately 97.82
percent of votes, representing approximately 74.93 percent of all
outstanding Edgewater shares.
At its special shareholders meeting held on
October 25, 2018, Alithya’s shareholders voted to approve the
business combination by 100 percent of votes.
Pursuant to the business combination, each of
Alithya and Edgewater will become a wholly owned subsidiary of
Alithya Group Inc., a newly-formed company. Subject to certain
customary closing conditions, Alithya and Edgewater now anticipate
that the combination will close on November 1, 2018.
The final voting results of Edgewater’s
stockholders will be disclosed in a Current Report on Form 8-K to
be filed by Edgewater with the Securities and Exchange Commission
as soon as practicable.
About Alithya Alithya Group
Inc. is one of the most prominent private strategy and digital
technology consulting firms in Canada. Founded in 1992, the firm
advises, guides and assists its clients in their pursuit of
innovation and excellence. Alithya prioritizes the achievement of
business objectives on every project through the optimal use of
digital technologies. Its clients mainly operate in the financial
services, telecommunications, energy, transportation, health care
and government services sectors. With more than 1,600 professionals
across Canada, the United States and France, Alithya is an advocate
for workforce diversity. As such, the firm is a member of the 30%
Club, which encourages the participation of women in management
roles, and is implementing immigrant-friendly recruiting
initiatives.
About Edgewater
Edgewater (NASDAQ: EDGW) helps business leaders
drive transformational change through its unique selection of
business and technology services and specialized product-based
solutions.
Classic consulting disciplines (such as business
advisory, process improvement, organizational change management,
and domain expertise) are blended with technical services (such as
digital transformation, technical roadmaps, data and analytics
services, custom development, and system integration) to help
organizations get the most out of their existing IT assets while
creating new digital business models.
Delivering both on premise and in the cloud,
Edgewater partners with Oracle and Microsoft to offer Business
Analytics, BI, ERP, EPM and CRM solutions. Edgewater Ranzal, an
Oracle Platinum Consulting Partner, provides Business Analytics
solutions leveraging Oracle EPM, BI, and Big Data technologies.
Edgewater Fullscope delivers innovative Microsoft ERP, CRM and BI
solutions. The award-winning company is one of the largest
resellers of Microsoft Dynamics 365 (formerly Dynamics AX and
CRM).
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains forward-looking
statements which are protected as forward-looking statements under
the Private Securities Litigation Reform Act of 1995 that are not
limited to historical facts, but reflect Alithya’s and Edgewater’s
current beliefs, expectations or intentions regarding future
events. Words such as “may,” “will,” “could,” “should,” “expect,”
“plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” “pursuant,” “target,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. The statements in this press release that are not
historical statements, including statements regarding the expected
timetable for completing the proposed business combination and any
other statements regarding the Edgewater’s and Alithya’s future
expectations, beliefs, plans, objectives, financial conditions,
assumptions or future events or performance, are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to numerous risks and uncertainties, many of
which are beyond Edgewater’s or Alithya’s control, which could
cause actual results to differ materially from the results
expressed or implied by the statements.
These risks and uncertainties include, but are
not limited to: the timing to consummate the proposed business
combination; the conditions to closing of the proposed business
combination may not be satisfied or that the closing of the
proposed business combination otherwise does not occur; the risk
that a court approval that may be required for the proposed
business combination is not obtained or is obtained subject to
conditions that are not anticipated; and actions by third parties,
including governmental agencies.
Additional information concerning factors that
could cause actual results to differ materially from those in the
forward-looking statements is contained from time to time in
Edgewater’s SEC filings. Edgewater’s filings may be obtained by
contacting Edgewater or the SEC or through Edgewater’s web site at
http://www.edgewater.com/ or through the SEC’s Electronic Data
Gathering and Analysis Retrieval System (EDGAR) at
http://www.sec.gov.
The foregoing list of risk factors is not
exhaustive. These risks, as well as other risks associated with the
proposed business combination, are more fully discussed in the
prospectus/proxy statement that is included in the Registration
Statement filed with the SEC in connection with the proposed
business combination. Each of Edgewater and Alithya does not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Sources
Gladys Caron Vice-President, Communications and Investor
Relations gladys.caron@alithya.com (514) 285-5552, ext. 2891
Paul McNeice Interim CFO pmcneice@edgewater.com (781)
246-7602
Edgewater (NASDAQ:EDGW)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Edgewater (NASDAQ:EDGW)
Historical Stock Chart
Von Dez 2023 bis Dez 2024