Edgewater Technology, which owns the Fullscope reselling business, has extended its stock repurchase program to Sept. 20, 2013. Originally announced in 2008 by the Wakefield, Mass.-based company, the buyback provided for the repurchase of up to $13.5 million in company shares. That will be increased by $2.6 million to $16.1 million under the latest authorization. So far, Edgewater has repurchased about $11.1 million of its shares, leaving about $5 million under the program. Edgewater has three major business lines. Its product-based consulting area includes the activities of Fullscope as a reseller of Microsoft Dynamics AX, along with Oracle EPM activities. It also provides business advisory services and technology advisory services.
EDGEWATER EXTENDS STOCK BUYBACK
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.