-- Nexiant Ranks 6th in “Orange County Technology Fast 50"--

IRVINE, Calif., Oct. 18, 2007 – Nexiant, a leading provider of MRO inventory management solutions for the industrial and facilities maintenance markets, today announced that it has been named one of the fastest growing technology companies in Orange County for the second consecutive year as recognized by Deloitte & Touche USA, LLP in its prestigious Technology Fast 50 program, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area.

 “This marks the second consecutive year that Nexiant as been named to the Technology Fast 50, which is a great honor and credit to our entire team,” said Mike Hammons, president and CEO of Nexiant. “We see the 'Fast 50' as an important benchmark that demonstrates the focused execution of both our product and growth plans. We are proud to be among the leaders in one of the strongest economic communities in the nation.” 

“Deloitte’s Orange County Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Rick Rayson, Managing Partner, Orange County Practice, Deloitte & Touche LLP. “We applaud the successes of Nexiant and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.” 

Nexiant’s 1478.8 percent increase in revenues from 2002-2006 resulted in a ranking of 6th on the list. The annual award program ranks technology companies in Orange County by revenue growth. 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.  

Winners of 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.   

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