Bowstring Advises CDI Corp. in its Acquisition of EdgeRock Technologies
October 27, 2015 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to CDI Corp. (NYSE: CDI) in its recent acquisition of EdgeRock Technologies, LLC (EdgeRock), a privately held, emerging leader in specialist IT staffing. EdgeRock operates a national client platform with headquarters in Boston and additional offices in Tampa and Phoenix.
Founded in 2005, EdgeRock provides clients with crucial Enterprise Resource Planning (ERP) talent needed to fully optimize the value of their ERP technology investments. This acquisition provides CDI with a national platform for highly skilled specialist IT staffing with proven delivery capabilities and long-standing relationships with leading consultants to SAP, Oracle, and PeopleSoft projects. In addition, EdgeRock has an expanding practice serving other specialized IT skill sets, including business intelligence and data analytics.
EdgeRock will become a division of CDI and continue to operate under the EdgeRock Technology Partners brand name. The current EdgeRock leadership team will continue to manage day-to-day operations of the business.