November 10, 2008 

RigNet named to Houston Business Journal's Fast Tech 50

Managed communications firm earns ranking for third consecutive year

Houston, Texas, November 10, 2008 - RigNet, Inc., a leading global provider of managed communications solutions for the upstream oil and gas industry, announced today that it has been named this year to the Houston Business Journal's Fast Tech 50 list of leading high-tech businesses.  RigNet is ranked No. 15 on the list, which is based on revenue growth in 2007 over 2006.  RigNet recorded revenue growth of 130.17 percent in 2007.

"We are delighted to be recognized for the third consecutive year as one of Houston's fastest growing technology companies," said Mark Slaughter, chief executive officer and president of RigNet.  "Our commitment to providing truly integrated and compliant communications solutions for the upstream oil and gas sector has contributed to our explosive growth.  Our responsiveness to the needs of our customers has allowed us to expand our lineup of products, providing unrivaled depth of features, seamless integration, and reliability."

All of the ranked Fast Tech 50 companies are headquartered within the 10-county Houston metropolitan area, including Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller, Austin, and San Jacinto.  To be considered, companies must show that 2006 and 2007 net revenue exceeded $200,000, and at least 51 percent of the consolidated revenue must involve the original manufacture, design or development of technology products or services.

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 named one of America's fastest-growing private companies as ranked in Inc. magazine's distinguished Inc. 500.  RigNet has worldwide installations throughout 34 countries and six 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, visit http://www.rig.net/.