Alithya overall grew revenue by 30 percent over the last year, about half organic. Raymond cited the purchase of an Oracle partner in 2017. “The Oracle business was small and doubled revenue,” he said. Oracle’s movement to the cloud involves the software company’s spending a great deal of money to move the customer base. The company itself adopted Oracle and Raymond described Alithya’s operations this way: “We are end-to-end Oracle in terms of ERP internally.” That means the firm will be able to leverage resources. “There is some benefit to providing [Oracle”] development services,” he explained. Edgewater has two major business units--Fullscope, which sells Dynamics AX/365, and Ranzal, an Oracle partner. Current Alithya shareholders will own 52 percent of the shares of the combined company, to be known as Alithya, and it will be publicly traded as Edgewater is.
ALITHYA TO USE BUILD AND BUY Featured
The Alithya Group, which has offered to merge with Edgewater Technology, plans to follow a buy-and-build approach to growth. In the recent webcast about the merger Alithya CEO Paul Raymond noted his Quebec-based company had made five acquisitions since 2011 and has grown those operations.
