8-K

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

_______________________________

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): September 9, 2011

Edgewater Technology, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-20971	71-0788538
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer 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))

Item 8.01. Other Events.

On September 9, 2011, Edgewater Technology, Inc. (the "Company") announced that its Board of Directors voted to 1) extend its common stock repurchase program thru September 21, 2012 and 2) increase the current repurchase authorization by an additional $5.0 million (the "Extended Repurchase Program"). A copy of the press release issued by the Company concerning the Extended Repurchase Program is filed herewith as Exhibit 99.1 and is incorporated herein by reference in its entirety.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description of Exhibit
99.1	Edgewater Technology, Inc. Press Release dated September 9, 2011.

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:   September 9, 2011

Edgewater Technology, Inc.

By: /s/ TIMOTHY R. OAKES

Name: Timothy R. Oakes

Title: Chief Financial Officer
(Principal Financial and Accounting Officer)

EX-99

EXHIBIT 99.1

Edgewater Announces Extension of Stock Repurchase Program and $5.0 Million Increase to Repurchase Authorization

WAKEFIELD, Mass., Sept. 9, 2011 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (Nasdaq:EDGW) (www.edgewater.com) ("Edgewater" or the "Company"), a strategic consulting firm that brings a synergistic blend of business advisory and product-based consulting services to its clients, announced today that its Board of Directors has approved an extension of the Company's stock repurchase program (the "Repurchase Program") to September 21, 2012 (the "Extended Repurchase Program"). The Repurchase Program, which was originally announced in December 2007, and was subsequently amended, allows for the repurchase of up to $8.5 million of the Company's common stock (the "Repurchase Authorization"). The Extended Repurchase Program will increase the amount of the Repurchase Authorization by $5.0 million, increasing the cumulative Repurchase Authorization from $8.5 million to $13.5 million. To date the Company has repurchased approximately $8.5 million of its shares, leaving a remaining authorization of approximately $5.0 million.

Shirley Singleton, Edgewater's Chairman, President and Chief Executive Officer, commented, "As we have stated in the past, we do not believe that the current value of our stock reflects the underlying long-term value of the Company. We believe that repurchasing our common stock is a sound investment. We view the continuation of our stock repurchase program as a way to enhance shareholder value."

Under the Extended Repurchase Program, the Company's common stock may be purchased from time-to-time on the open market or through privately negotiated transactions. The timing and amount of the purchases will be based upon market conditions, securities law considerations and other factors. The Extended Repurchase Program does not obligate the Company to acquire a specific number of shares in any period and may be modified, suspended, extended or discontinued at any time, without prior notice.

Repurchased common shares will be held as treasury shares, a portion of which may be used to satisfy the Company's current and near term requirements under its equity incentive and other benefit plans.

About Edgewater

Edgewater is a strategic consulting firm that brings a synergistic blend of advisory and product-based consulting services to our client base. Headquartered in Wakefield, Massachusetts, we typically go to market both vertically by industry and horizontally by product and technology specialty and provide our clients with a wide range of business and technology offerings. We work with clients to reduce costs, improve process and increase revenue through the judicious use of technology.

Edgewater provides services under brand names such as Edgewater Technology, Edgewater Ranzal, Edgewater Fullscope and Edgewater SAP. To learn more, visit www.edgewater.com or call 800-410-4014.

The Edgewater Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3783

CONTACT: Timothy R. Oakes, Chief Financial Officer
         Russell Smith, Senior Vice President / Investor Relations
         (781) 246-3343
         ir@edgewater.com