MONTREAL and WAKEFIELD, MA, Oct. 29, 2018 /CNW Telbec/
- 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.
SOURCE Alithya