Nov 12, 2007

RigNet Ranked Number 14 in Deloitte's Technology Fast 50 Program for Texas

HOUSTON, TX - November 12, 2007 - RigNet, Inc., a leading global provider of managed communications solutions for the upstream oil and gas industry, has been named to Deloitte's prestigious Technology Fast 50 Program for Texas, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. This year's Texas Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP, CresaPartners, Gardere Wynne Sewell LLP, HumCap, NASDAQ and America's 401(k).

RigNet's CEO Mark Slaughter credits the Company's dedicated employees, a distinct growth strategy, and its oil and gas customers with the Company's 1,316 percent revenue growth from 2002-2006. Slaughter said, "Formed in 2001, RigNet has rapidly become a leading managed communications provider to the global upstream oil and gas industry. Utilizing the industry's only all-IP global network that is reliable, flexible, scaleable, and secure, RigNet offers robust remote communications solutions and collaborative applications that allow oil and gas companies, drillers, and oilfield service firms to focus instead on their core activities. This award is in recognition of the hard work and dedication shown by each and every one of our employees around the world. We thank Deloitte and its co-presenters for this prestigious award."

RigNet's increase in revenues of 1,316 percent from 2002 to 2006 resulted in a 14th ranking in the Technology Fast 50 for Texas. The average increase in revenues among companies who made the Technology Fast 50 for Texas was 1,766 percent.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About RigNet Inc.
RigNet, Inc. is a leading global provider of managed communication services exclusively to the upstream oil and gas industry. The Company holds the prestigious Cisco Powered Network designation, meeting the most stringent standards for network reliability and performance, and was recently named one of America's fastest-growing private companies as ranked in Inc. Magazine's distinguished Inc. 500. RigNet has worldwide installations throughout 21 countries and 6 continents, spanning the global offshore drilling and production industry. Based in Houston, Texas, RigNet has offices in Louisiana, Brazil, Malaysia, Nigeria, Norway, Qatar, Saudi Arabia, Singapore, UAE and the UK. For more information, please visit www.rig.net.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.