Edgewater Ranks among the Area’s Fastest-Growing Public Companies

19th on Boston Business Journal’s Top 50 List

Wakefield, MA – May 31, 2012 – Edgewater Technology, Inc. (NASDAQ: EDGW, www.edgewater.com, “Edgewater” or the “Company”), a strategic consulting firm that brings a blend of business advisory and product-based consulting services to its clients, announced today it has been recognized as one of the fastest-growing public companies in Massachusetts.

The Boston Business Journal ranks Edgewater at 19th on the list of Massachusetts Fastest-Growing Public Companies based upon year-over-year revenue growth from 2009 to 2011. In addition, Edgewater is 118th on the list of Massachusetts’ Top 150 Public Companies based on its 2011 reported revenue, up from 129th in 2011. The list is developed using information compiled from each company’s annual report, SEC filings, and other public records.

“We have worked very hard to drive growth regardless of the economy, and that hard work has paid off,” commented Shirley Singleton, Chairman, President and CEO of Edgewater. “104.5% growth over two years has pushed us over $100 million in revenue, a milestone we are proud to reach. Recognition by the Boston Business Journal is one in a series of achievements for Edgewater in 2012 – we celebrate our 20 year anniversary, and have been invited to participate in the NASDAQ Closing Bell ceremony on June 19th.”

About Edgewater

Edgewater is a strategic consulting firm that brings a blend of advisory and product-based consulting services to our client base.  Headquartered in Wakefield, MA, 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.  We work with clients to reduce costs, improve process and increase revenue through the judicious use of technology.

Edgewater provides services under brand names such as Edgewater Technology, Edgewater Ranzal, and Edgewater Fullscope.  To learn more, visit www.edgewater.com or call 800-410-4014.

About the Boston Business Journal

The Boston Business Journal is Greater Boston's leading source of business news, information and events, reaching readers through the weekly print publication, the website bostonbusinessjournal.com and e-mail products. The BBJ also prints the annual Book of Lists — the region's top resource for business decision-makers seeking information about potential clients, suppliers and partners. The Boston Business Journal is published by American City Business Journals, the nation's largest publisher of metropolitan business news.