Edgewater Technology
| Public (NASDAQ: EDGW) | |
| Industry | Insurance, Healthcare, Information and Media, Hospitality, Transportation and Logistics, Retail, Manufacturing, Financial Services |
| Founded | 1992 |
| Headquarters |
 Wakefield, Massachusetts, United States |
Key people |
Shirley Singleton, President and CEO Dave Clancey,SVP Kristin Zaepfel, Vice President of Human Resources Timothy Oakes, CAO Robin Ranzal, President, Ranzal & Associates |
| Products | Business Consulting, Business & IT Strategy, Technology Consulting, Business Intelligence, EPM |
| Website | www.edgewater.com |
Edgewater Technology is a technology management consulting firm headquartered in Wakefield, Massachusetts, United States. Edgewater, recognized by CNN/Money as the 28th fastest growing small business in 2008.[1] and ranked among the Globe 100 best businesses in MA 2008,[2] The company provides services (primarily in North America) both vertically by industry and horizontally by product and technology specialty.
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, moved its public company structure from Fayetteville, AR to Wakefield, MA. Shirley Singleton was then named the Company's President and Chief Executive Officer.
Under Shirley Singleton’s direction, Edgewater has grown from a privately held, five-person shop into a publicly traded, technology management consulting firm with more than 320 consulting professionals nationally.
In December 2000, during an incident known as the Wakefield massacre, an Edgewater employee, Michael McDermott, shot and killed seven fellow employees, for which he was sentenced to life imprisonment.[3]
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]
Subsidiaries
In October 2004, Edgewater acquired Ranzal and Associates, a provider of Enterprise Performance Management solutions with a concentration in Oracle / Hyperion's toolkit.
Acquisitions
Edgewater has a two prong approach to growth - both organic and acquisitive. The Company has made a number of strategic acquisitions:
- Ranzal & Associates (October 2004): A provider of Enterprise Performance Management solutions with a concentration in Oracle / Hyperion's toolkit.
- National Decision Systems (February 2006): A firm specializing in strategic business process consulting;
- Alecian Corporation (July 2007): A strategic technology and business consulting firm that specializes in delivering financial management solutions;
- Lynx BI Consulting, Inc. (September 2007): A provider of professional services for the Corporate Performance Management / Business Intelligence industry;
- Vertical Pitch LLC (December 2007): A provider of Corporate Performance Management.
- Fullscope, Inc. (January, 2010)
- Meridian Consulting International (May, 2010): A provider of professional services for Oracle Hyperion Strategic Finance