WageWorks Recognized by Deloitte's Technology Fast 50 Program for Silicon Valley Internet, Media, Entertainment and Communications Companies

Attributes User-Friendly, Web-Based Technology Platform and World Class Client and Participant Service to its 1,308 Percent Revenue Growth

SAN MATEO, CA – November 7, 2008 – WageWorks has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Internet, Media, Entertainment and Communications companies. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.

WageWorks’ CEO Joe Jackson credits the company’s user-friendly, Web-based technology platform and commitment to delivering world class client and participant service with the company's 1,308 percent revenue growth from fiscal year 2003–2007. Jackson said, “WageWorks is proud to be recognized by Deloitte year after year for building the nation’s most comprehensive suite of tax-advantaged health, wellness, child care, commuting, retirement, and education benefits for more than 100 of America's Fortune 500 employers and millions of their benefits-eligible employees."

“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend WageWorks for making the commitment to technology and delivering on the promise of market longevity,” said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. “We are proud to honor WageWorks to Deloitte’s Technology Fast 50.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, 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. Using other companies' technology or intellectual property in a unique way does not qualify.

Companies from the 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.