BlueCat Networks Ranked Among Fastest-Growing Technology Companies in Canada

    Canada's most prestigious technology award recognizes BlueCat's
innovation, growth and entrepreneurial spirit for second straight year

    TORONTO, September 20 /CNW/ - BlueCat Networks, the leading provider of
IP Address Management (IPAM) platforms, today announced it has been ranked
among the Deloitte Technology Fast 50, a ranking of the 50 fastest-growing
technology companies in Canada, based on percentage of revenue growth over
five years. This is the second consecutive year in which BlueCat's stellar
performance has been recognized. In the 2007 ranking, BlueCat's increase in
revenues of 1,219 percent from 2002 to 2006 resulted in an 18th place ranking.

    "BlueCat is a great place to work. Our growth over the last five years is
attributable to bringing the brightest minds together to develop the
industry's best products," said Michael Hyatt, CEO and co-founder, BlueCat
Networks. The Deloitte Technology Fast 50 award recognizes BlueCat's winning
combination of outstanding management, industry-leading technology and
exceptional client care. "Yes, our growth has been incredible over the past
five years. What's more impressive is how we've done this profitably with no
venture capital funding," added Mr. Hyatt.

    BlueCat Networks' proven ability to design and successfully implement
simple, secure and scalable IPAM, DNS and DHCP for organizations of all sizes
has it poised to capture new market share in North America and Europe, as well
as in other emerging and developed markets globally. The Deloitte Fast 50
award validates our corporate vision and ability to bring innovative
technologies to market that meets the growing IP address management needs of
enterprises around the world.

    "Deloitte created the Deloitte Technology Fast 50 program a decade ago to
celebrate the world-class achievements of Canadian technology companies," said
John Ruffolo, National Leader, Technology, Media & Telecommunications Industry
Group, Deloitte. "Companies like BlueCat Networks are a perfect example of the
combination of revenue growth, technological innovation and entrepreneurial
spirit that continues to be a winning formula in the technology sector."

    Deloitte has recognized BlueCat's achievements with a Technology Fast 50
ranking two years in a row. The company continues to grow in leaps and bounds
with significant client wins coming from some of the largest organizations in
the world. "We proudly boast that our clients include some of the most
profitable and influential Global 2000 enterprises," added Mr. Hyatt. "We're
very confident that BlueCat will continue to grow our market share and
solidify our leadership position by providing customers the industry's best IP
address management, DNS and DHCP technologies backed by benchmark-setting
levels of support."

    About the Deloitte Technology Fast 50

    This year marks the 10th anniversary of the Deloitte Technology Fast 50
program, which celebrates business growth, innovation and entrepreneurship.
The program features four distinct categories including the Deloitte
Technology Fast 50 Ranking, Companies-to-Watch Awards (honouring early-stage
Canadian technology companies in business less than five years,) Leadership
Awards (Deloitte Technology Fast 50-ranked companies that demonstrate
leadership in each of the four industry subcategories of emerging
technologies, hardware, software, and telecommunications) and the Deloitte
Technology Green 15 Awards (honouring companies creating innovative and
economically-viable intellectual property in the burgeoning field of green
technology). Deloitte Technology Fast 50 winners are automatically eligible
for the prestigious Deloitte Technology Fast 500 ranking. Program sponsors
include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group,
Behr & Associates, and CATA Alliance. For further information, visit or call 1-888-6FAST50.

    BlueCat Networks' IPAM Leadership

    BlueCat Networks is the first company in the world to develop a true
enterprise-class IP address management platform. The Proteus IPAM platform has
been successfully deployed by organizations worldwide to deliver improved
security, higher network availability, more visible audit trails and a
significant overall reduction in IT costs. BlueCat continues to work closely
with its clients and technology partners to develop innovative product
offerings and capabilities that help organizations better manage their
increasingly complex IPAM ecosystem.

    Discover why industry experts think BlueCat Networks is Leading the IPAM

    About BlueCat Networks

    BlueCat Networks is a profitable and 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
Proteus(TM) IPAM platforms and Adonis(TM) family of DNS/DHCP appliances have
been successfully deployed to meet the rising IP management demands of
small-medium enterprises, government, military, financial services, retail and
manufacturing organizations worldwide. Find out why more Fortune companies
chose BlueCat Networks solutions to gain complete, centralized Command and
Control of their IP networks at

For further information:

For further information: BlueCat Networks David Martinek, 1-416-646-8415 or PAN Communications Erica Burns,

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