White Plains, NY --- December 4, 2006 --- Ranzal & Associates (“Ranzal”), a wholly-owned subsidiary of Edgewater Technology, Inc., today announced plans to support Hyperion System 9 Smart Space from Hyperion (Nasdaq Global Select: HYSL), the global leader in Business Performance Management software. Ranzal is a premier provider of consulting services specializing in Business Intelligence (“BI”) and Business Performance Management (“BPM”) with a concentration in Hyperion's BI Platform.

Smart Space is the industry's first composite application environment that will deliver “always-on” Business Intelligence (BI) to every user in the enterprise, utilizing the Microsoft Windows desktop. As a member of Hyperion's developer community of partners, Ranzal will help make BI a relevant, interactive and intuitive part of every users' workday.

As Hyperion recently announced, Smart Space will transform the way BI is accessed and shared by combining the familiarity and ease of use of Windows with the power of the Service- Oriented Architecture of Hyperion System 9. Smart Space includes features that make is easy to stay up-to-date on information, instantly collaborate with peers, access and assemble mini-applications, and perform automatic updates.

As the capabilities of BI expand, so does the audience within today's organizations. Hyperion System 9 Smart Space will enable Ranzal to provide more powerful analytics to front-line managers and decision makers in real-time by providing BI capabilities on users' desktops. By leveraging this capability, Ranzal will assist organizations to deliver time-relevant and actionable intelligence to users as trends are emerging. This will allow decision makers to take action and make better informed decisions before it's too late to affect the results.

“Hyperion System 9 Smart Space delivers on the vision of making BI accessible to all enabling organizations so frontline users have access to timely, relevant information,” said Robin Ranzal, President of Ranzal & Associates. “By leveraging this application, organizations empower additional individuals within the enterprise to have the right tools make more informed decisions.”

“Hyperion's partners, such as Ranzal, are eager to add value to Smart Space and make BI a useful part of every business professional's workday,” said Rich Clayton, vice president of product marketing at Hyperion. “We're pleased to have our vision and technology leadership embraced by so many innovative companies that will help us achieve true information democracy.”