Bridgewater Systems Ranked Among Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50



    OTTAWA, Sept. 25 /CNW/ - Bridgewater Systems (TSX:BWC) today announced
that it has been ranked among the fastest growing technology companies in
Canada in the Deloitte Technology Fast 50 program, based on 310% revenue
growth between 2003 to 2007. With more than 100 service provider customers
around the globe and significant deals announced with tier-1 operators in June
2008, Bridgewater continues to develop and deliver industry-leading subscriber
management solutions that enable its customers to capitalize on new data
services opportunities.
    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. "Bridgewater Systems 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," said John Ruffolo, National Leader,
Technology, Media & Telecommunications Industry Group, Deloitte.
    "This recognition is possible due to the hard work and commitment of our
global employee base, and to developing and delivering innovative solutions
that meet the needs of service providers around the world," said Ed Ogonek,
Bridgewater Systems president and CEO.
    "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
Bridgewater Systems 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 evaluates and judges 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 Bridgewater Systems

    Bridgewater Systems develops subscriber-centric service control
solutions, including access control and policy management software for fixed,
mobile and converged networks. Using Bridgewater solutions, global service
providers can offer personalized services and experiences to their subscribers
by maintaining a real time policy that controls how subscribers interact with
networks, services, and their devices. Vendor-neutral and access network
agnostic, Bridgewater's carrier-class solutions help global service providers
launch new services faster, target them more accurately, and maximize profits
by creating a decision point that brings dynamic subscriber context to
controlling and merchandizing the subscriber interaction with IP-based
services. More than 100 leading service providers around the globe including
Verizon Wireless, Sprint Nextel, Bell Mobility and SmarTone-Vodafone trust
Bridgewater's technology to help them deliver world-class services.
www.bridgewatersystems.com

    Bridgewater, Bridgewater Systems and the Bridgewater Systems logo are
trademarks or registered trademarks of Bridgewater Systems Corporation. All
other company, product names and any registered and unregistered trademarks
mentioned are used for identification purposes only and remain the exclusive
property of their respective owners.

    Forward Looking Statements

    Certain statements in this release constitute forward-looking statements
or forward-looking information within the meaning of applicable securities
laws and are made pursuant to the "safe harbour" provisions of such laws.
Statements related to potential benefits of, and demand for, Bridgewater's
products including statements with respect to the features and benefits that
may be achieved through the use of Bridgewater's products and the relative
position of these products vis-à-vis competitive offerings in the industry are
forward-looking statements which are subject to certain assumptions, risks and
uncertainties. Readers are cautioned not to place undue reliance on such
statements. Risk factors that may cause the actual results, performance or
achievements of Bridgewater to differ materially from the results,
performance, achievements or developments expressed or implied by such
forward-looking statements can be found in the public documents filed by
Bridgewater from time to time with Canadian securities regulatory authorities.
Bridgewater assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.





For further information:

For further information: Media Contact: Mi liberty, Greg Perry, (770)
919-7366, greg@miliberty.com; Investor Relations Contact: The Equicom Group
Inc., Vanessa Beresford, (416) 815-0700 ext 227, vberesford@equicomgroup.com

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