In a move to end the shareholder dispute between Bridgewater Systems Inc. and shareholder Crescendo Partners, the company has agreed to name Gregory Monahan, managing rirector of Crescendo, to its board of directors. In addition, the two companies have agreed to support the same 10 nominees for board of director positions at the Bridgewater’s upcoming shareholders meeting. The nominees are: Terry Matthews (chair), Ed Ogonek, Russell Freen, Paul Damp, Jon Shantz, Michael Cristinziano, Ken Wigglesworth, David Sgro, Divesh Sisodraker and Monahan. These changes will increase the board to 10 members following the annual and special meeting on May 26, 2009. "We believe this represents an appropriate resolution as it avoids the significant distraction to the Company associated with a proxy contest while adding further depth to our Board," said Matthews. "Bridgewater has performed strongly in recent years, and we look forward to working with the new directors and benefiting from their experience as we continue to build shareholder value."