TeraGo Networks Ranks in Top 100 on Branham300 List for 2012

TORONTO, ONTARIO--(Marketwire - April 24, 2012) - TeraGo Inc. (TSX:TGO) (www.terago.ca), a leading national broadband services provider to businesses in Canada, announced today that it has earned a place on the Branham300 list for the fifth consecutive year. The company has jumped up through the ranks quickly and is now in position 94 on the Top 250 Canadian Technology Companies category for 2012. TeraGo has experienced substantial year-over-year growth and is continuing to focus on the needs of businesses across Canada.

"We are very pleased that our strong growth has led us to become one of the top 100 Canadian technology companies on the Branham 300 list," says Bryan Boyd, President and Chief Executive Officer, TeraGo Networks Inc. "2011 was a year of accomplishments on many fronts, and we are in an ideal position to continue to execute our proven growth strategy."

"TeraGo has consistently risen through the ranks of the Branham300, demonstrating strong growth in each of the past five years," said Wayne Gudbranson, President and CEO of Branham Group. "For the first time, TeraGo has cracked the top 100 Canadian ICT companies in Canada, which is a huge achievement for one of Canada's leading wireless broadband service providers."

About TeraGo Networks

TeraGo Networks Inc. provides small and medium sized businesses with carrier-grade wireless broadband, data and voice communications services. The national network service provider owns and manages its wireless IP network servicing more than 6,200 customer locations in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.

About Branham300

The Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada for the past 20 years, and is widely considered to be a leading source of intelligence on Canada's ICT industry. The Branham300 list consists of the following major categories, ranked by revenue:

• Top 250 Canadian ICT Companies
• The Next 50 Canadian ICT Companies
• Top 25 ICT Multinational Companies operating in Canada
• Top 25 Up and Comer ICT Companies (category ranked on innovation, not revenue)

The Branham300 is published annually in the April/May issue of Backbone Magazine, as well as on the Branham300 website, www.branham300.com.

About Branham Group Inc.

Branham Group Inc. is a leading industry analyst and strategic consulting firm servicing the global information technology marketplace. Branham Group assists information technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health and Green IT). Branham also produces an annual listing of the top information and communications technology (ICT) companies in Canada (www.branham300.com), tracks the Canadian Outsourcing industry (www.branhamoutsourcing.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth). For more information regarding Branham Group, please visit www.branhamgroup.com.