PE-backed Alithya to merge with Edgewater Technology
Montréal-based Alithya Group Inc has agreed to merge with U.S.-based Edgewater Technology Inc (Nasdaq: EDGW) to create a new North American digital technology consulting business. The new entity, expected to list in Canada and the United States, will emerge from a shares exchange under the name Alithya and led by Alithya CEO Paul Raymond. With the deal's close, expected in Q3 2018, Alithya investors will hold about 58 percent of the new company's outstanding shares and Edgewater investors will hold the rest. Alithya's backers include Capital régional et coopératif Desjardins, Fonds de solidarité FTQ, IQ, Telus Ventures and iA Financial Group.
16 March 2018•10 mins read
