On September 4, 2009, the Board of Directors (the "Board") of Edgewater Technology, Inc. (the "Company") appointed Timothy R. Oakes as the Company's Chief Financial Officer ("CFO"), on an interim basis, to fill the vacancy created by the resignation of Kevin Rhodes, which was previously reported on a Current Report on Form 8-K dated August 12, 2009. Mr. Oakes will serve as interim CFO until such time as the Board makes a permanent CFO appointment.

Mr. Oakes, 41, joined Edgewater in 2004 as the Company's Director of Finance, before becoming its Vice President of Finance in 2007 and Chief Accounting Officer in July 2008. He has nearly 20 years of financial and operational management experience as well as expertise in budgeting/forecasting, Securities and Exchange Commission reporting and Sarbanes-Oxley compliance. From 2001 to 2004, prior to joining the Company, Mr. Oakes was a Senior Director of Finance at Symmetricom, Inc., a publicly traded company specializing in the manufacture of products associated with the generation, synchronization and distribution of precise time and frequency signals. Prior to Symmetricom, Mr. Oakes held various financial- and accounting-related positions at 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 public accountancy working in the Boston office of KPMG, LLP.

Mr. Oakes' current annual salary and related employment arrangements did not change in connection with his appointment as the Company's interim CFO. His current annual salary and related employment arrangements are outlined in a Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on July 22, 2008 in connection with his appointment as the Company's Chief Accounting Officer and are incorporated herein by reference.

Mr. Oakes is not related to any of the Company's executive officers or directors, nor has he been a party to any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K.

(d) Exhibits.

   Exhibit
   Number    Description of Exhibit
   99.1      Edgewater Technology, Inc. Press Release dated September 4, 2009.