Edgewater Technology (NASDAQ:EDGW) has acquired the assets of Oracle database software specialist M2 Dynamics.
Edgewater, a consulting firm, said M2 would join its Edgewater Ranzal unit in providing clients with information technology (IT) services, specializing in business analytics, encompassing enterprise performance management (EPM) and so-called Big Data.
“We have been working on the M2 transaction for several months and are pleased to complete this highly complementary acquisition. The acquisition of this key Oracle EPM asset represents another important step in our strategy to provide the full range and breadth of service delivery that our customers are demanding,” said Shirley Singleton, Edgewater's chairman, president and chief executive officer (CEO).
The company expects the acquisition to enhance earnings per share in 2016.
“We are pleased to see Edgewater Ranzal and M2 come together,” said Hari Sankar, group vice president of product management at Oracle.
“The combination will provide depth of expertise covering the full range of enterprise performance management offerings across Cloud and on-premises, and deliver value for Oracle customers,” Sankar added.