8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 2, 2007

                           EDGEWATER TECHNOLOGY, INC.

             (Exact name of registrant as specified in its charter)

           Delaware                       0-20971                71-0788538
(State or other jurisdiction of    (Commission File No.)       (IRS Employer
        incorporation)                                       Identification No.)

                             20 Harvard Mill Square
                         Wakefield, Massachusetts 01880

       Registrant's telephone number, including area code: (781) 246-3343

 Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2-(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

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     On July 2, 2007, Edgewater Technology, Inc. ("Edgewater" or the "Company")
issued a press release regarding the matters set forth below. Information set
forth in Item 8.01 is being furnished, as opposed to filed, in accordance with
Instruction B.2 to Form 8-K.

ITEM 8.01    OTHER EVENTS

     Edgewater entered into a definitive Asset Purchase Agreement, dated as of
July 2, 2007 (the "Purchase Agreement"), by and among Edgewater and certain
stockholders of Alecian Corporation ("Alecian"), providing for the acquisition
of certain assets of Alecian.

     Acquisition of Alecian Corporation.: On July 2, 2007, Edgewater Technology,
Inc., a Delaware corporation, acquired certain assets of Alecian, pursuant to
the terms of a Purchase Agreement (the "Closing").

     The Company paid to the shareholders of Alecian up front cash consideration
of $500 thousand. In addition, an Earnout Agreement was entered into in
connection with the Purchase Agreement, and it specifies additional earnout
consideration that could be payable to the former Alecian stockholders. Earnout
payments are conditioned upon the attainment of certain performance measurements
for the Alecian business over the next 12 months. Assuming all performance
measurements are met within predetermined performance ranges, additional earnout
consideration of approximately $1.0 million would be payable to the shareholders
of Alecian.

     Strategic Objectives for Alecian Acquisition: Edgewater believes that
acquiring Alecian will further expand Edgewater's CPM offering and will achieve
the following additional strategic goals:

          o    Be immediately accretive to earnings;
          o    Enhance Edgewater's CPM offerings;
          o    Strengthen the delivery of financial management solutions;
          o    Provide additional scale to our national CPM/BI practice; and
          o    Be highly leveragable with Company's other business offerings


     Source of Funds: The acquisition will be accounted for as an asset
purchase. The $500 thousand in upfront cash was funded from Edgewater's working
capital. It is expected that any of the remaining earnout consideration, if
payable, also will be funded from Edgewater's working capital.

     Description of Business of Acquired Entity: Alecian is a strategic
technology and business consulting firm that specializes in delivering financial
management solutions to organizations making strategic and operational
management decisions within today's stringent reporting and regulatory
environment.



ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

(a)  Financial statements of business acquired.

     No Financial Statements relating to the acquisition of Alecian are required
pursuant to Rule 3-05 of Regulation S-X.

(b)  Pro forma financial information.

     No pro forma financial information relating to the acquisition of Alecian
are required pursuant to Article 11 of Regulation S-X.

(d)  Exhibits.

Exhibit Number      Description of Exhibit
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99.1                Edgewater Technology, Inc. Press Release dated July 2, 2007.


                                      * * *

This Press Release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
made with respect to the expected accretive impact of the Alecian acquisition.
The forward looking statements included in the Press Release relate to future
events or our future financial conditions or performance, Words such as
"targeting," "expected," "will," "are," "provide," "continue," "remain,"
"optimistic" or the negative thereof or variations thereon and similar
expressions are intended to identify forward-looking statements. These
forward-looking statements inherently involve certain risks and uncertainties,
although they are based on our current plans or assessments that are believed to
be reasonable as of the date of this Press Release. Factors that may cause
actual results, goals, targets or objectives to differ materially from those
contemplated, projected, forecast, estimated, anticipated, planned or budgeted
in such forward-looking statements include, among others, the following
possibilities: (1) the inability to promptly and effectively integrate Alecian
into the Company's operations, culture and back office administrative support
areas; (2) loss of one or more key customers or key employees (3) changes in
industry trends, such as decline in the demand for business intelligence and
performance management solutions, custom development and system integration
services and/or spending delays with existing information technology services
projects; (4) failure to obtain new customers or retain significant existing
customers; (5) loss of key executives; (6) general economic and business
conditions (whether foreign, national, state or local) which include but are not
limited to changes in interest or currently exchange rates and the overall
demand for information technology services and/or spending delays for existing
information technology services; (7) lack of available growth opportunities; and
(8) the inability to maintain, sustain or grow revenues. Actual events or
results may differ materially from those discussed, contemplated, forecasted,
estimated, anticipated, planned or implied in the forward-looking statements as



a result of the various factors described above and those further set forth
under the heading "Business- Factors Affecting Finances, Business Prospects and
Stock Volatility" in the Company's Form 10-K filed with the Securities and
Exchange Commission on March 14, 2007. These factors may cause our actual
results to differ materially from those contemplated, projected, anticipated,
planned or budgeted in any such forward-looking statements.

     Although we believe that the expectations in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of activity,
performance, growth, earnings per share or achievements. However, neither we nor
any other person assumes responsibility for the accuracy and completeness of
such statements. We are under no duty to update any of the forward-looking
statements after the date of this Press Release to conform such statements to
actual results.




SIGNATURES:

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

     Dated: July 2, 2007

                                    EDGEWATER TECHNOLOGY, INC.

                                    By:  /s/ Kevin R. Rhodes
                                        ----------------------------------------
                                    Name:  Kevin R. Rhodes
                                    Title: Chief Financial Officer
                                    (Principal Financial and Accounting Officer)

EX-99.1

                                                                    Exhibit 99.1

Edgewater Acquires Alecian Corporation

Strategic Acquisition Extends CPM Offering

    WAKEFIELD, Mass.--(BUSINESS WIRE)--July 2, 2007--A technology
management consulting firm specializing in providing premium IT
services, Edgewater Technology, Inc. (NASDAQ: EDGW, www.edgewater.com,
"Edgewater" or the "Company"), today announced it has completed a
strategic acquisition of Fairfield County, CT-based Alecian
Corporation's ("Alecian") business, which specializes in the
implementation of Corporate Performance Management ("CPM") solutions.

    The acquisition is expected to:

    --  Be immediately accretive to earnings;

    --  Enhance Edgewater's CPM offerings;

    --  Strengthen the delivery of financial management solutions;

    --  Provide additional scale to our national CPM/BI practice; and

    --  Be highly leveragable with Company's other business offerings.

    "We are delighted to welcome Alecian to the Edgewater organization
and their strategic capability to our CPM suite of services," stated
Shirley Singleton, President and Chief Executive Officer of Edgewater.
"Alecian has highly-valued expertise in delivering CPM solutions which
enable CFOs to monitor enterprise-wide Sarbanes Oxley compliance and
results across the enterprise. Alecian's niche practice further
enhances our current CPM offering and provides additional
cross-selling opportunities within our Business Consulting and
Technology Consulting offerings."

    Headquartered in Fairfield County, CT, Alecian is a strategic
technology and business consulting firm that has delivered its
services to such organizations as Autonation; Sara Lee; Goldman Sachs
and Johnson Controls. Alecian specializes in delivering financial
management solutions that assist organizations in making strategic and
operational decisions within today's stringent reporting regulations.

    "We're excited to be joining the Edgewater organization," stated
Kevin Burns, CEO of Alecian. "By combining our expertise in CPM with
Edgewater, we can further assist organizations in the development of
effective, integrated financial management solutions enabling them to
report critical financial data in a dynamic and consolidated manner."

    The acquisition will be accounted for as an asset purchase, with
Alecian shareholders receiving consideration of $0.5 million in
upfront cash and having the potential to earn additional cash
consideration based on achieving performance objectives over a 12
month period. The acquisition is expected to contribute approximately
$1.5 million in annualized revenue and is expected to be immediately
accretive to earnings.

    DecisionPoint International, a boutique technology investment
bank, served as an advisor to Edgewater Technology on this
transaction.

    About Edgewater Technology, Inc.

    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.

    This Press Release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements made with respect to the expected
accretive impact of the Alecian acquisition. The forward looking
statements included in the Press Release relate to future events or
our future financial conditions or performance, Words such as
"targeting," "expected," "will," "are," "provide," "continue,"
"remain," "optimistic" or the negative thereof or variations thereon
and similar expressions are intended to identify forward-looking
statements. These forward-looking statements inherently involve
certain risks and uncertainties, although they are based on our
current plans or assessments that are believed to be reasonable as of
the date of this Press Release. Factors that may cause actual results,
goals, targets or objectives to differ materially from those
contemplated, projected, forecast, estimated, anticipated, planned or
budgeted in such forward-looking statements include, among others, the
following possibilities: (1) the inability to promptly and effectively
integrate Alecian into the Company's operations, culture and back
office administrative support areas; (2) loss of one or more key
customers or key employees (3) changes in industry trends, such as
decline in the demand for business intelligence and performance
management solutions, custom development and system integration
services and/or spending delays with existing information technology
services projects; (4) failure to obtain new customers or retain
significant existing customers; (5) loss of key executives; (6)
general economic and business conditions (whether foreign, national,
state or local) which include but are not limited to changes in
interest or currently exchange rates and the overall demand for
information technology services and/or spending delays for existing
information technology services; (7) lack of available growth
opportunities; and (8) the inability to maintain, sustain or grow
revenues. Actual events or results may differ materially from those
discussed, contemplated, forecasted, estimated, anticipated, planned
or implied in the forward-looking statements as a result of the
various factors described above and those further set forth under the
heading "Business- Factors Affecting Finances, Business Prospects and
Stock Volatility" in the Company's Form 10-K filed with the Securities
and Exchange Commission on March 14, 2007.

    CONTACT: Edgewater Technology, Inc.
             Kevin R. Rhodes, Chief Financial Officer
             Barbara Warren-Sica, Investor Relations
             781-246-3343