Edgewater Announces Review of Strategic Alternatives

Edgewater Technology, Inc.

, a leading consulting firm that helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions, today announced that its Board of Directors has authorized the review of strategic alternatives to enhance shareholder value. "The Board fully supports management's execution of the company's current strategic plan and believes it will drive long-term growth, financial performance and significant value for shareholders," said Edgewater Lead Independent Director Wayne Wilson. "At the same time, our Board is committed to acting in the best interests of shareholders and believes it is appropriate to explore strategic alternatives that might provide additional opportunities to enhance value for shareholders." The company noted that there can be no assurance that the Board's review process will result in any transaction or other alternative. There is no set timetable for the strategic review process and the company does not intend to provide updates unless or until the Board approves a specific action or otherwise determines that disclosure is appropriate or necessary. Signal Hill Capital Group LLC is serving as Edgewater's financial advisor and Hinckley, Allen & Snyder LLP and Jones Day are acting as legal counsel.