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TORONTO, ONTARIO--(Marketwire - Oct. 26, 2009) - TeraGo Networks today announced that it has been named as one of the top 500 fastest growing technology companies in North America in the 2009 Deloitte Technology Fast 500(TM) listing, posting a remarkable 212 percent growth in revenue over the five year period from 2004–2008.

"As a leading provider of fixed wireless broadband communications services to Canadian businesses, TeraGo Networks provides a true alternative to traditional wire-line communications that continues to drive our extraordinary growth," said Bryan Boyd, President & Chief Executive Officer, TeraGo Networks. "We're proud to be one of only fifty Canadian companies to be included in this prestigious listing."

Deloitte's Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth. "With its impressive five-year growth, TeraGo has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said John Ruffolo, national leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Deloitte is proud to honour TeraGo for its achievement."

Technology Fast 500 Selection and Qualifying Criteria

The Technology Fast 500 award program ranks the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. It is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte. Deloitte's 2009 Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not qualify. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.

Technology Fast 500 award eligibility requirements include a base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD.

Additionally, these revenues must have more than doubled between 2004 and 2008. Also, companies must be in business for a minimum of five years, and be headquartered within North America.

About TeraGo Networks

TeraGo Networks Inc. has been providing businesses in Canada with carrier-grade wireless broadband and data communications services since 2001. The national broadband service provider owns and manages its wireless IP network in 42 major markets across Canada, serving more than 4,600 customer locations. TeraGo Networks is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at [ www.terago.ca ].

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP. Please see [ www.deloitte.com/about ] for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.