WAKEFIELD, Mass., May 21, 2008 (PRIME NEWSWIRE) -- A technology management consulting firm specializing in providing premium IT services, Edgewater Technology, Inc. (Nasdaq:EDGW) ("Edgewater" or the "Company"), announced earlier today that The Boston Globe has named Edgewater to the "Globe 100" list of top performing public companies in Massachusetts.
Based on a composite score derived from financial data for the four quarters ending December 31, 2007, Edgewater was ranked 58th among 100 Massachusetts-based companies whose stock is publicly traded on NASDAQ, New York Stock Exchange or American Stock Exchange.
"These companies represent the resiliency of Massachusetts business, surviving recessions, merger manias, and dramatic shifts in their industries," said Shirley Leung, business editor of the Boston Globe.
To qualify for the Globe 100, a company must have been public for the entire 2007 calendar year and have reported a positive net income for both 2006 and 2007.
"We are honored to be recognized within the Globe 100 again for outstanding performance," said Shirley Singleton, Chairman, President and CEO of Edgewater Technology. "Our success can be attributed to the loyalty of our customers and, most importantly, the dedication of our employees."
The Globe 100, celebrating its 20th anniversary in 2008, ranks Massachusetts-based public companies based on financial data from the four quarters ending closest to December 31, 2007, and for corresponding quarters a year earlier.
About Edgewater Technology
Edgewater Technology, Inc. is an innovative technology management consulting firm. We provide a synergistic blend of premium IT services by leveraging our proven industry expertise in strategy, technology and corporate performance management. Headquartered in Wakefield, MA and with locations throughout North America, 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.
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About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company (NYSE:NYT), which is a leading media company with 2007 revenues of $3.2 billion and includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other daily newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.