HOUSTON, Dec. 7, 2011 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, today announced it has been ranked number 46 on the Houston Business Journal's 2011 FastTech 50™ awards list.
The 2011 FastTech 50™ recognizes the top 50 Houston-based technology companies based on their relative percentage revenue growth from 2009 to 2010. Over that period, RigNet had a revenue growth rate of 14.81%. RigNet also had the highest revenues among the honorees.
Among the 50 companies honored, RigNet was also one of three companies recognized as a 2011 Enterprise Champion, which is given to companies that stand apart in the areas of community service, innovation, corporate culture and overcoming challenges.
At the 2011 FastTech 50™ awards luncheon on November 29, 2011, the Rice Alliance also presented RigNet with the Pinnacle Award for appearing six times over the years on the Houston Business Journal's FastTech 50™.
Said Mark Slaughter, RigNet's CEO and president, "We want to thank our loyal customers who have made these awards possible. In addition, I want to recognize the men and women of RigNet who are the best in the business when it comes to delivering reliable remote communications in mission critical settings."
Now in its 11th year, the FastTech 50™ spotlights and celebrates Houston's technology community. In addition to co-founders the Houston Business Journal and PKF Texas, the co-sponsors are C2 Creative, Comcast Business Services, Houston Technology Center, Pierpont Communications, Rice Alliance for Technology and Entrepreneurship and Wealth Design Group.
About RigNet
RigNet (Nasdaq:RNET) is a leading global provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drillng rigs, offshore production facilities and energy maritime vessles. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.
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