Vertical Pitch Acquired By Edgewater Technology
Information technology consulting firm Edgewater Technology Inc. reported Monday that has completed its acquisition of Colorado-based Vertical Pitch LLC, a provider of corporate performance management services. Edgewater said the deal is worth a total compensation of some $20 million, which includes $14 million in cash and approximately $6 million in Edgewater common stock. Headquartered in Denver, Vertical Pitch reported gross service revenues of some $10 million for the most recent 12-month period. Based in Wakefield, Mass., Edgewater said the transaction will expand its national footprint and bolsters its presence in the corporate performance management and business intelligence sectors.
posted on Tuesday, December 11, 2007
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