Macadamian Named to Software Magazine’s 24th Annual Software 500

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Software magazine recognizes Macadamian as a leader in revenue growth.

We outpaced the growth of our market and doubled in size because, in our ninth year of business, we are becoming known as one of the most trusted software R&D outsourcing firms in the industry. We’re honored to be named to the Software 500.

Macadamian today announced its inclusion on the Software 500, Software Magazine’s list of the world’s foremost software and services providers, published as an online catalog on http://www.Softwaremag.com. Macadamian was ranked 4th in the Keeping Fast Company list of Top 10 companies in the $5M to $10M revenue segment.

“As the software industry matures, software companies strive to do more with less, and this is driving Product Development Outsourcing to be one of the fastest growing segments in global outsourcing, to the tune of 30% a year,” said Frederic Boulanger, President and CEO, Macadamian. “We outpaced the growth of our market and doubled in size because, in our ninth year of business, we are becoming known as one of the most trusted software R&D outsourcing firms in the industry. We’re honored to be named to the Software 500.”

“The 2006 Software 500 results show that growth in the software and services industry was flat from 2004 to 2005, the ranking year. The industry continues to be dynamic with more than 90 new companies on the list this year,” said John P. Desmond, editor of Software Magazine and Softwaremag.com. “Strong segments this year included security and system integration services. While much of the growth is coming from outside the U.S. in the services segment, the flattening world effect is sending some of it back too.”

The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. To be among the first to see the 2006 Software 500, you can subscribe to the digital edition of Software Magazine at http://www.myswmag.com. The list is being released first in the digital publication. The online Software 500 on Softwaremag.com is searchable by primary business sector.

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies, now in its 24th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

About Macadamian Technologies Inc.

Macadamian is a software product development outsourcing partner for North American companies developing new products and improving existing products. Macadamian helps software development managers attain the mix of skill, speed, quality and cost needed to successfully deliver on their commitments. Founded in 1997, Macadamian provides a complete range of software development and related services to clients throughout North America, including Ottawa, Boston, Dallas and San José. For further information, please visit the Web site at http://www.macadamian.com.

About King Content Co. and the Software Marketing Perspectives Conference & Expo

King Content Co., owner of Software Magazine, is holding the third annual Software Marketing Perspectives Conference & Expo at the Marriott Boston in Newton, Mass., May 23-25, 2007. A Call for Papers will be issued in October and will be open through the end of November. The SMP event brings together technology product managers, marketing communications and public relations professionals in a two-day conference program. Conference attendees aim to increase their personal success by learning from their peers and making connections. More information about the 2007 event will be coming soon.

Media and Analyst Inquiries:

Macadamian

Matthew Hately, VP Marketing

613.739.5976 x112

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