Chosen for its achievements in the areas of product, people,
performance and potential, this recognition further validates BlueCat
Networks’ leadership within the IP Address Management (IPAM) market as well as
demonstrating its commitment to customers, employees and technological

“Much of our success can be directly attributed to bringing the brightest
minds together to develop the industry’s best products,” said Michael Hyatt,
CEO and co-founder, BlueCat Networks. “At the same time, when we started the
company, we made a commitment to strategically develop and grow the business.

This has played a significant role in why we’ve been profitable
year-over-year. Recognition by an organization such as Silicon Valley
Communications confirms that we’ve made the right decisions thus far, with the
goal of continued success in offering the best products and services possible
to our customers.”

Silicon Valley Communications analyzed global information technology
vendors, including established, large companies, mid-size organizations and
new start-ups around the world, applying the “4Ps” selection
criteria–Products, People, Performance, and Potential – to arrive at a
finalists’ list. BlueCat’s proven ability to design and successfully implement
intelligent, secure and scalable IPAM, DNS and DHCP appliances for
organizations of all sizes secured its place on the list. As well, the firm is
poised to capture new market share in North America and Europe, while
capitalizing on other strategic markets globally.

“Organizations that are honored with the ‘Hot Companies’ recognition
raise the bar, achieve the highest customer satisfaction and strive to
maintain the distinction each year,” said Rake Narang, Editor-in-chief, Info
Security Products Guide. “BlueCat Networks has demonstrated quite clearly its
capabilities in the booming technology sector of IP Address Management and is
offering its customers a solid strategy for now and in the future. We
congratulate BlueCat on its finalist placement and look forward to seeing them
at the 2008 Executive Leadership Summit.”

In addition to the criteria above, the “Hot Companies” 2008 evaluation
process assesses candidates for entrepreneurial spirit, seasoned executive
teams, a clear understanding of the market segment they are currently active
in, products and solutions, emerging market opportunities, well developed
revenue-growth model and clearly planned expansion strategies. The 2008 Hot
Companies winners will be announced and honored at the 2008 “Executive
Leadership Summit” hosted by Technosium 2008, January 27-29, 2008 in Santa
Clara, California.

Earlier this year BlueCat Networks was also named by Deloitte as one of
the fastest-growing technology companies (on compounded revenue growth over
five years). BlueCat’s stellar performance, with increases in revenues of
1,219 percent from 2002 to 2006, resulted in an 18th place ranking.