BlueCat Networks Celebrates Third Time Ranking Among The Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50

Toronto, September 30, 2008 – BlueCat Networks, the IPAM Intelligence CompanyT, is ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. This is the third time that the company has ranked among the Deloitte Fast 50. BlueCat Networks’ has consistently recorded strong yearly increases in revenue, customer retention and market share growth from 2003 to 2007.

For over a decade, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50 augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

“Transforming technological innovation into business success is hard, and it’s especially difficult to sustain such rapid revenue growth over five years,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “BlueCat Networks has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality.”

Faced with market drivers including VoIP, virtualization, RFID, wireless devices (including IP security cameras), and IPv6 which all require a significant increase in the number of IP addresses on the network, enterprises are demanding purpose-built appliances to manage network availability and accessibility. BlueCat Networks’ IPAM solutions answer this demand by making it simpler than ever before for organizations to centrally deploy, manage and monitor all distributed IP addresses. It is this capability that has fueled BlueCat Networks’ strong revenue growth, and associated increases in market share and customer retention.

“Being ranked among the Deloitte Technology Fast 50 underscores BlueCat Networks’ success in not only addressing the IPAM revolution with our Proteus solution, but also defining the next generation of IPAM,” said Michael Hyatt, co-founder & CEO, BlueCat Networks. “IPAM is the unattended consequence of network growth, and after years of using antiquated spreadsheet and home grown solutions, the market is desperate for solutions that include the automation of resource management tasks required for routine IP operations and the associated documentation,” Hyatt continued. “BlueCat Networks’ growth is built on its ability to provide innovative solutions that provide exactly this capability to completely eliminate its customers’ IPAM problems.”

“Canadian technology companies have some of the highest revenue growth in North America, while playing in some of the world’s largest, most competitive and exciting market sectors,” explains Ruffolo. “Outstanding companies such as BlueCat Networks demonstrate the incredible business acumen and entrepreneurial spirit that fuel the Canadian technology industry.”

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50

The Deloitte Technology Fast 50 program is Canada’s preeminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO. For further information, visit www.fast50.ca.

About BlueCat Networks

BlueCat Networks, the IPAM Intelligence CompanyT, is a profitable, rapidly growing leading provider of enterprise-class IP Address Management (IPAM) platforms and secure DNS/DHCP network administration appliances. Today, thousands of BlueCat’s award-winning ProteusT IPAM platforms and AdonisT family of DNS/DHCP appliances have been successfully deployed to meet the rising IP management demands of government, military, financial services, retail and manufacturing organizations worldwide. Find out why more Fortune companies choose BlueCat solutions to gain complete, centralized Command and Control of their IP networks at www.bluecatnetworks.com.

Michael O’Keeffe
Communication Strategies, Inc.
High-Tech Advertising, Marketing, Public Relations
66 Riverview Gardens, Suite 100
Toronto, Ontario M6S 4E5
Canada
Telephone: (416) 760-0100
Fax: (416) 760-0090
E-mail: mokeeffe {at} comstratpr(.)com