Oakes Named Edgewater CFO

WAKEFIELD, Mass., Nov. 12, 2009 (GLOBE NEWSWIRE) -- A technology management
consulting firm specializing in providing specialty information technology
("IT") services, Edgewater Technology, Inc. (Nasdaq:EDGW) (www.edgewater.com,
"Edgewater" or the "Company"), today announced the conclusion of its Chief
Financial Officer (CFO) transition plan, with the appointment of Timothy R.
Oakes to that position permanently. Oakes has been serving as the Company's
interim CFO since September 2009.

"Tim has done an outstanding job for our Company and we are fortunate he is able
to immediately assume the CFO role and its responsibilities," stated Shirley
Singleton, Edgewater's Chairman, President and Chief Executive Officer. "During
Tim's five years with Edgewater, he has played a pivotal role in reshaping the
Company's financials and contributing to our strategic planning and direction."

Since joining Edgewater in 2004, Oakes has been responsible for the Company's
overall financial operations and controls of the Company, while directing the
overall accounting, audit, tax functions and associated practices within the
Company. Tim joined Edgewater as a Director of Finance, was promoted to Vice
President of Finance in 2007 and Chief Accounting Officer in 2008. He was then
appointed interim CFO in September 2009. The Company also announced that Oakes
will maintain his position as the Company's Chief Accounting Officer.

Prior to joining Edgewater, Oakes was a Senior Director of Finance within
Symmetricom, Inc., a publicly-traded manufacturer of equipment dedicated to the
generation, synchronization and distribution of precise time and frequency
signals. He has nearly 20 years of experience in financial and operational
management gained working for various companies in the biotechnology,
manufacturing and consulting services industries.

He is a certified public accountant and holds a Bachelor of Science degree in
Business Administration from Stonehill College. He began his career in
accountancy working in the Boston office of KPMG, LLP.

About Edgewater Technology, Inc.

Edgewater is an innovative technology management consulting firm. We provide a
unique blend of specialty IT services by leveraging our proven industry
expertise in strategy, technology and enterprise performance management.
Headquartered in Wakefield, Massachusetts, we typically go to market both
vertically by industry and horizontally by product and technology specialty and
provide our clients with a wide range of business and technology offerings. To
learn more, visit www.edgewater.com or call 800-410-4014.

The Edgewater Technology logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3783

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CONTACT: Edgewater Technology, Inc.
Investor Relations
Barbara Warren-Sica
(781) 246-3343
ir@edgewater.com