WAKEFIELD, Mass., April 22, 2014 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (Nasdaq:EDGW) (Edgewater), a leading consulting firm that brings a blend of classic and product-based consulting services to its clients, is among the first to purchase Oracle Planning and Budgeting Cloud Service (PBCS), a product that offers flexible deployment options, has virtually no learning curve, and enables organizations of all sizes to quickly adopt world-class planning and budgeting applications with no infrastructure investments. "The deployment of Oracle's world-class planning and budgeting solution involves minimal IT requirements," said Tim Oakes, Edgewater's Chief Financial Officer. "We expect Oracle PBCS will streamline our rolling forecast process so that we can focus on our core competencies, strategic initiatives, and business analysis." Oracle PBCS offers the ability to flexibly deploy applications as business needs change, extending the solution to other components of the planning process in the future. Edgewater Ranzal, a wholly-owned subsidiary of Edgewater Technology, Inc. and global Oracle PartnerNetwork Platinum level member specializing in Oracle Enterprise Performance Management (EPM) , will implement the Oracle PBCS application. About Edgewater Edgewater Technology, Inc. (Nasdaq:EDGW) is a strategic consulting firm delivering a blend of classic 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 Ranzal and Edgewater Fullscope. To learn more, please visit www.edgewater.com. Trademarks Oracle and Java are registered trademarks of Oracle and/or its affiliates.
CONTACT: Company Contact: Timothy R. Oakes Chief Financial Officer 1-781-246-3343 Investor Relations: Liolios Group, Inc. Cody Slach or Greg Falesnik 1-949-574-3860 EDGW@liolios.com