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Stock Market & Financial Investment News

News Breaks
September 28, 2012
08:32 EDTEDGWEdgewater announces $2.6M extension of stock repurchase program
Edgewater Technology announced that its Board of Directors has approved an extension of the company's stock repurchase program to Sept. 20, 2013. The repurchase program, which was originally announced in December 2007 and subsequently amended, allowed for the repurchase of up to $13.5M of the company's common stock. The extended repurchase program will increase the amount of the repurchase authorization by $2.6M, from $13.5M-$16.1M. To date, Edgewater has repurchased approximately $11.1M of its shares, leaving a remaining authorization of approximately $5M.
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August 18, 2015
08:35 EDTEDGWEdgewater acquires Branchbird
Edgewater Technology announced that it has acquired the assets of Chicago-based Branchbird, an Oracle Gold Partner and Cloudera Partner specializing in Big Data and Data Discovery technologies and solutions. Branchbird will join Edgewater Ranzal, a wholly-owned subsidiary of Edgewater and a Platinum provider of Oracle Enterprise Performance Management, or EPM, and Business Intelligence solutions and services. Total consideration paid at closing was approximately $2.8M, in cash. The purchase price is subject to a net working capital adjustment and additional earnings-based contingent consideration of up to approximately $2.4M, based on operating results over the two-year period immediately following closing. Contingent consideration earned, if any, would be payable in cash.

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