While investigating the IT consulting space for my recent article on Perficient, Inc. (PRFT), I came across a very small company called Edgewater Technologies (EDGW). The company has a market cap of only $60MM, but also has $11.5MM in cash. The company competes in many of the same industries as PRFT (healthcare and financial services), but also has a big focus in manufacturing (this is the company's largest segment). I just wanted to note a few things about EDGW before we begin:
- Besides providing IT consulting, the company also provides traditional management consulting based work.
- The company differentiates its self through its intellectual property and proprietary software. The company's goal is to grow its IP in