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Edgewater And FAST Partner To Provide Process Centric Policy Administration For Insurance Providers

WAKEFIELD, Mass., April 16, 2013 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (Nasdaq:EDGW), a leading consulting firm that brings its clients a blend of classic and product-based consulting services, is announcing a partnership with FAST to deliver next generation solutions to the insurance industry.

"Edgewater and FAST are driving enterprise software development and deployment to a new level of 'mobile-like' modularization," said Shirley Singleton, Edgewater's chairman, president and CEO. "By moving from monolithic systems development and deployment to loosely coupled process-driven modules, insurance companies are better positioned to manage risk as they look to replace and refresh legacy policy administration systems either piecemeal or as a whole."

Edgewater's process-centric approach to requirements and design aligns directly with FAST's development and delivery model. Coupling FAST's process-driven modules with Edgewater's growing cloud-based services creates a shared vision of the future for Insurance software development and rollout.

About FAST

FAST, which stands for "Flexible Architecture, Simplified Technology", is a privately-held company located in Edison, NJ founded by the former leaders of NaviSys. FAST has built the first business process-driven suite of pre-configured components for insurers (life/health and P&C) and distributors. FAST takes configuration to the next level and provides a sophisticated configuration governance model. The components are offered individually in an App store format or as packages for Policy Administration, Distribution Management, Portal and Case Management.

About Edgewater

Edgewater Technology, Inc. (Nasdaq:EDGW) is a strategic consulting firm delivering a blend of classic consulting and product-based consulting services. Edgewater addresses the market both vertically by industry and horizontally by product and technology specialty, providing its client base with a wide range of business and technology solutions. As one of the largest IT consulting firms based in New England, the Company works with clients to reduce costs, improve processes and increase revenue through the judicious use of technology. Edgewater's brand names include Edgewater Technology, Edgewater Consulting, Edgewater Ranzal and Edgewater Fullscope. To learn more, please visit www.edgewater.com .
CONTACT: Edgewater Technology, Inc.
         Jenny Norwood
         Tel (781) 213-9850
         jnorwood@edgewater.com
         
         Investor Relations:
         Liolios Group, Inc.
         Cody Slach
         Tel 949-574-3860
         EDGW@liolios.com

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