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+--------+
| FORM 3 |          U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+                  WASHINGTON, D.C. 20549

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
      Section 17(a) of the Public Utility Holding Company Act of 1935 or
              Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)

- --------------------------------------------------------------------------------
1.  Name and Address of Reporting Person*

        Gallo                        Dave
    ----------------------------------------------------------------------------
        (Last)                      (First)                        (Middle)

     c/o Edgewater Technology, Inc., 20 Harvard Mill Square
    ----------------------------------------------------------------------------
                                   (Street)

       Wakefield                      MA                              01880
    ----------------------------------------------------------------------------
        (City)                      (State)                           (Zip)


2.  Date of Event Requiring Statement (Month/Day/Year)                6/6/01
                                                                  --------------

3.  IRS Identification Number of Reporting Person if an Entity
    (Voluntary)
                --------------

4.  Issuer Name and Ticker or Trading Symbol  Edgewater Technology, Inc. (EDGW)
                                             -----------------------------------

5.  Relationship of Reporting Person(s) to Issuer (Check all applicable)

        Director     X  Officer                 10% Owner        Other
    ---             --- (give title below)  ---              --- (specify below)

          Chief Operating Officer
    ----------------------------------------------------------------------------

6.  If Amendment, Date of Original (Month/Day/Year)
                                                    ----------------------------
7.  Individual or Joint Group Filing (Check Applicable Line)

     X  Form Filed by One Reporting Person
    ---
        Form filed by More than One Reporting Person
    ---
             TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED



- --------------------------------------------------------------------------------
1. Title           2. Amount of         3. Ownership Form:  4. Nature of
   of                 Securities Bene-     Direct (D) or       Indirect Bene-
   Security           ficially Owned       Indirect (I)        ficial Ownership
   (Instr. 4)         (Instr. 4)           (Instr. 5)          (Instr. 5)
- --------------------------------------------------------------------------------
                                                   
Common Stock             4,851                  D
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------


Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

* If the form is filed by more than one reported person, see Instruction
  5(b)(v).

              TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED
        (e.g., puts, calls, warrants, options, convertible securities)



- ------------------------------------------------------------------------------------------------------------------------------------
 1. Title of Derivative        2. Date Exer-    3. Title and Amount of Securities   4. Conversion   5. Ownership   6. Nature of In-
    Security (Instr. 4)           cisable and      Underlying Derivative Security      or              Form of        direct Bene-
                                  Expiration       (Instr. 4)                          Exercise        Derivative     ficial
                                  Date                                                 Price           Security:      Ownership
                                  (Month/Day/                                          of              Direct (D)     (Instr. 5)
                                  Year)                                                Derivative      or In-
                              ----------------------------------------------------     Security        direct (I)
                               Date      Expira-                        Amount or                      (Instr. 5)
                               Exer-     tion            Title          Number of
                               cisable   Date                           Shares
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
Option (Right to Buy)            (1)     8/31/10       Common Stock      224,300         $6.02           D
- ------------------------------------------------------------------------------------------------------------------------------------
Option (Right to Buy)            (2)     4/26/01       Common Stock        6,917         $4.40           D
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------------------------------


Explanation of Responses:
(1) These options vest as follows: 33 1/3% on February 27, 2001; 33 1/3% on
    February 27, 2002; 33 1/3% on February 27, 2003.
(2) These options vest as follows: 33 1/3% on April 26, 2002; 33 1/3% on
    April 26, 2003; 33 1/3% on April 26, 2004.

                               /s/ DAVE GALLO                       6/6/01
                              -------------------------------  -----------------
                              **Signature of Reporting Person        Date


    ** Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.



                               POWER OF ATTORNEY


     Know all by these presents, that the undersigned hereby authorizes Kevin
Rhodes, Terry C. Bellora or Peg Lynch of Edgewater Technology, Inc. a Delaware
corporation (the "Company"), or Brian J. Lynch of Cooley Godward LLP, to execute
for and on behalf of the undersigned, in the undersigned's capacity as an
officer, director and/or 10% stockholder of the Company, Forms 3, 4 and 5 and
any Amendments thereto, and cause such form(s) to be filed with the United Sates
Securities and Exchange Commission pursuant to Section 16(a) of the Securities
Act of 1934, relating to the undersigned's beneficial ownership of securities in
the Company. The undersigned hereby grants to each such attorney-in-fact full
power and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.

     This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's holdings of, and transactions in, securities issued by the
Company, unless earlier revoked by the undersigned in a signed writing delivered
to the foregoing attorneys-in-fact.

     IN WITNESS WHEREOF, the undersigned has cause the Power of Attorney to be
executed as of this 6th day of June   , 2001.
                    ---        -------


                                         /s/ DAVE GALLO
                                        ----------------------------------------