Estimated reading time: 0 minutes, 54 seconds

ALITHYA 2019 TARGET: $262M REVS Featured

Paul Raymond, Alithya Alithya, a Montreal, Quebec-based company which is acquiring Edgewater Technology, expects 2019 revenue of about $262 million to $277 million. Alithya issued the forecast recently as part of a new shareholder presentation about the deal, expected to close in the third quarter.  

Included in projects is the expectation the company will save $5 million in the first 12 months, with savings including consolidation of Edgewater’s back-office functions. Plans also call for Edgewater to sell its classic consulting business, which had $10 million in revenue for the year ended December 31, off 38.1 percent from $16.1 million in 2016. Remaining business elements are its Fullscope Dynamics reselling operations and its Ranzal Oracle unit. The expected overall revenue level would place Alithya as No 2 on Bob Scott’s Top 100 VAR list, although once DXC combines its Eclipse and Tribridge operations it’s likely that operation (if we can get numbers) will be bigger. When the deal is complete Alithya will have six board seats on the new company of the same name while the former Edgewater shareholders receive three seats. The new Alithya will be headed by the old Alithya’s CEO Paul Raymond.

Read 480 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.