Looking ahead, Edgewater intends to take advantage of this recession by expanding its core EPM services, which have remained steady throughout the economic downturn. Edgewater’s newer offerings in Technology Services: Web Analytics, Collaboration, Enterprise Information Management, and Web 2.0 are gaining traction, which confirms the decision we made to retrain our Technology Services staff in these new technologies. Our business analysts, within Technology Services, will be crucial to Edgewater’s expansion into business process optimization within the Small and Medium Business Market (SMB).We believe the SMB market will use the recession as an opportunity to optimize their business processes and in turn, improve the quality and effectiveness of their Information Technology infrastructure. Lastly, we believe that leveraging data assets and robust Business Intelligence tools are critical for companies wishing to answer the question, “Where should I cut and where should I invest?” To that end, Edgewater will push to expand and strengthen its services in the data and analytics space.
While 2009 may be equally challenging, I will do what is necessary to maintain Edgewater’s strength and resolute ability to remain standing, regardless of the changes coming. I am confident we will come out the other side stronger, more focused, and ready to take advantage of the opportunities that lie ahead.
I want to extend my appreciation to the Company’s team of professionals along with our clients and stockholders for their continued support and commitment.
Shirley Singleton Chairman of the Board, President and Chief Executive Officer April, 2009
