Red Herring Names BlueCat Networks One of North America's Top 100 Private Companies

Business Wire, August 26, 2008

Red Herring 100 Award recognizes BlueCat Networks' impressive IPAM innovations

TORONTO -- BlueCat Networks, the IPAM Intelligence Company[TM], has been named to the Red Herring 100 North America, which honors the top 100 privately-held technology companies. BlueCat Networks was honored after Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

An industry thought leader, BlueCat Networks has outpaced its competitors to define next generation IP Address Management (IPAM). BlueCat Networks' innovative technology eliminates the need to utilize cumbersome spreadsheets and home-grown solutions to manage an ever-expanding number of IP addresses. By consistently raising the IPAM functionality, security, resiliency and scalability bar, BlueCat Networks ensures organizations can eliminate the network availability and accessibility strain that results when adding technologies such as VoIP, IPv6, RFID, virtualization, and countless wireless devices that all require IP addresses.

"Being named by Red Herring as one of the 100 top companies in North America underscores BlueCat Networks' commitment to solving its customers' IPAM problems," said Michael Hyatt, co-founder & CEO, BlueCat Networks. "IPAM is the unattended consequence of network growth, and after years of using antiquated spreadsheets, the market is screaming for solutions that include the automation of resource management tasks required for routine IP operations and the associated documentation," Hyatt continued. "BlueCat is not only addressing the IPAM revolution with Proteus, but is actually defining the next generation of IPAM."

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies," Dreyfuss continued. "The Red Herring top 100 North American companies are impressive up-and-comers, and definitely the ones to watch."

BlueCat Networks' IPAM solutions enable administrators to design networks with a simple conceptual view, and then deploy and manage IP addresses across the organization. When managing DNS and DHCP, BlueCat Networks' Proteus solution acts as "mission control", offering simplified Microsoft (Nasdaq: MSFT) Active Directory[R] integration and full command, control and customization of configurations from a centralized and secure Web-based interface.

Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

About Red Herring

Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About BlueCat Networks

BlueCat Networks, the IPAM Intelligence Company[TM], 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 Proteus[TM] IPAM platforms and Adonis[TM] 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.

Proteus, Adonis, Meridius, IPAM Intelligence, IPAM Intelligence Company, IPAM for Everyone, and BlueCat Networks are trademarks of BlueCat Networks Inc, and/or BlueCat Networks (USA) Inc. Other products mentioned here in may be trademarks and/or registered trademarks of their respective owner.