Arkansas State Treasury Selects Edgewater Technology; Analysis of processes to yield operational efficiencies.

LITTLE ROCK, Ark. & WAKEFIELD, Mass -- A technology management consulting firm specializing in providing premium IT services, Edgewater Technology, Inc. (NASDAQ: EDGW, www.edgewater.com "Edgewater Technology" or the "Company"), today announced it has been chosen by the Arkansas State Treasury ("the Treasury") to analyze Treasury operations and recommend process improvements to support the long-term operational aspects of the Treasury.

Based on initial meetings, Edgewater expects the engagement to automate the Treasury's bank interface(s), eliminate many manual processes, simplify procedures for handling investment funds based on legislative guidelines and enhance analytical and reporting capabilities.

"We selected Edgewater Technology for this initiative based on their ability to quickly learn our business and understand the unique problems our organization faces coupled with their overall commitment to deliver services leveraging resources based in the State of Arkansas," said Treasurer of the Arkansas State Treasury Gus Wingfield. "We look forward to working with their industry experts to explore our processes and procedures. This work will make the Treasury more efficient and protect the state's technology investment while providing long-term savings for the taxpayers of the State of Arkansas."

"We are honored to be the vendor of choice for the Arkansas State Treasury," stated William Hall, Vice President of Consulting Services for Edgewater Technology's South Central region. "Edgewater's team of Business Analysts and Systems Architects will work closely with Treasury personnel to analyze, understand and map processes while applying their vertical knowledge. The outcome of this engagement will enable the Treasury to better handle their current operational requirements, while preparing to handle any additional requirements that may be dictated by changes to Arkansas Law."

About Edgewater Technology

Edgewater Technology, Inc. is an innovative technology management consulting firm. We provide a unique blend of premium IT services by leveraging our proven industry expertise in strategy, technology and corporate performance management. Headquartered in Wakefield, MA, we go to market by vertical industry 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.

About The Arkansas State Treasury

Officially established in 1836 by the State Bank of Arkansas and the Real Estate Bank, the Arkansas State Treasury is responsible for handling the deposits, withdrawals, redemptions of state warrants, and investments of state funds while also managing and distributing state aid funds and local sales and use taxes. For further information, visit http://www.arkansas.gov/treasury/ or contact Chief Deputy Dan Honey at [phone].