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EDGEWATER EXTENDS STOCK BUYBACK

Edgewater Technology logoEdgewater 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.


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