Edgewater Completes Investment in ITSolutions, LLC

Edgewater Growth Capital Partners II, L.P. is pleased to announce the completion of a growth equity investment in ITSolutions, LLC ("ITSolutions").

ITSolutions is an Information Technology (IT) consulting firm that provides mission critical program management, strategic planning, information technology engineering and infrastructure operations services to the federal government and private industry. 

The Company has deep relationships and long term contracts with the Food and Drug Administration, Internal Revenue Service, Department of Treasury, Health and Human Services and the Security and Exchange Commission.

The Federal IT budget for outsourced services is expected to outpace overall services spending and grow to $45 billion by 2010.  Edgewater is partnering with the ITSolutions management team to accelerate organic growth opportunities and provide funding for strategic acquisitions.  We believe that the Company is well-positioned to take advantage of the positive budget dynamics in the Federal IT arena and achieve profitable growth over the next five years.

ITSolutions is actively seeking acquisition opportunities in the government IT services sector.

About The Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with over $1 billion under management. Through Edgewater Growth Capital Partners II, we partner with management to help accelerate growth in their businesses.  Edgewater Growth Capital Partners II focuses on funding high quality middle market companies where we can add substantial value through our capital, our experience and our broad network. Edgewater leverages the experiences of its Partners who have distinguished themselves as successful CEOs and business leaders.

Edgewater primarily seeks investments which have the following criteria:

• EBITDA between $3 and $25 million
• Strong management team with whom we can partner
• Growth opportunity, either organic or through acquisitions
• Base of operations in North America
• Control or noncontrol transactions

For more information contact:

Jim Gordon
jim@edgewaterfunds.com

Greg Jones
greg@edgewaterfunds.com

Dave Tolmie
dave@edgewaterfunds.com

Jeff Frient
jeff@edgewaterfunds.com

Ward McNally
ward@edgewaterfunds.com

Bob Growney
bobg@edgewaterfunds.com


900 North Michigan Ave. Suite 1800
Chicago, IL 60611
Phone: 312-649-5666
www.edgewaterfunds.com