WAKEFIELD, Mass. — Edgewater Technology, Inc., a strategic consulting firm, today announced that Edgewater Fullscope, a wholly-owned subsidiary, has entered into an asset purchase agreement with Microsoft Corp.
Under the terms of the Agreement, Microsoft has purchased Edgewater Fullscope''s Process Industries 2 (PI2) software and intellectual property for an aggregate of $3.25 million. As part of the agreement, Microsoft will engage Edgewater Fullscope in additional development and training services during the integration of the module into Microsoft''s ERP solution for enterprises, Microsoft Dynamics AX. "Including these capabilities will enable our partners worldwide to deliver standardized industry solutions faster, while giving our customers a packaged solution to meet specific needs of the process manufacturing industry," Hal Howard, corporate vice president Microsoft Dynamics Research and Development, says.
"We are pleased that Microsoft valued our PI2 solution, which was designed and created for chemical, life science and food manufacturers," Russell Smith, senior vice president of Edgewater Fullscope, says. "Our product helps Microsoft Dynamics AX customers address issues such as active ingredient management, lot inheritance and product sequencing. We continue to leverage our industry expertise to develop technology solutions that provide additional value to Microsoft Dynamics AX customers.”