“It is much better suited to be a public company than Edgewater,” Jeff Rutherford, acting CEO of Edgewater, said during this week’s webcast about the deal. The Montreal, Quebec-based company becomes public under the Alithya name. Existing Alithya shareholders will own 58 percent of the new company. Edgewater shareholders the other 42 percent and will receive a special dividend to $20.5 million, subject to adjustments. Shareholders in both company will exchange their shares for stock in the new Alithya. The deal is expected to close in the third quarter. The Alithya management team takes over with their same titles with Paul Raymond as CEO; Claude Rousseau, COO; and T. Mathieu Lupien as CFO. The company also has operations in the United Kingdom and France. Rutherford noted Edgewater sold its insurance and infrastructure businesses to concentrate on Fullscope, a Dynamics reseller, and Ranzel, an Oracle partner. Edgewater was obviously in play after an investor growth won board seats and ousted chief technology officer David Clancey and CEO Shirley Singleton a year ago.