Deltek has filed a $200 million shelf registration with the SEC, which technically tells us very little other than the fact just stated. The registration lets Deltek issue a combination of securities, whether stock, debt, rights or warrants, when needed or it feels market conditions are right. There was no use of proceeds stated. You can speculate of kinds of possible uses such as an acquisition or paying down debt. But in any case, the balance sheet for December 31 shows the Herndon, Va.-based company has reduced debt and increased cash over the last year. Read more...

Edgewater Technology, which acquired Dynamics reseller Fullscope on December 31, lost $639,000, a 40.7-percent increase from the loss of $454,000 a year earlier as the company reported its first quarter ended March 31. Revenue for the most recently ended period was $20.3 million, up  36.2 percent from $14.9 million a year earlier. Fullscope, which Edgewater says is the No. 1 Dynamics AX reseller in the United States, was Microsoft’s Partner of the Year for 2008.  Read more...