Redknee Wins Eastern European Multi-Million Dollar Converged Billing Deal

TORONTO, February 10, 2011 /PRNewswire/ --

- New Deal Signifies Redknee's Successful Growth Strategy in Eastern Europe

Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announced that it has secured a new transformation deal that will see its Turnkey Converged Billing solution replace the legacy billing solution at a leading mobile operator, based in the Eastern European region. The multi-million dollar transformation and professional services deal will enable the operator to achieve the benefits of an end-to-end fully converged BSS platform, including real-time billing, advanced CRM, interconnect, self-care and VAS systems, as it looks to drive subscriber acquisition, increase revenues and improve profitability in its increasingly competitive market. This latest customer win is a result of Redknee's successful expansion strategy in Eastern Europe.

Lucas Skoczkowski, Redknee's Chief Executive commented:

"We are extremely pleased to be supporting this mobile operator as it embarks on the next phase of growth. This transformation deal is representative of an increasing movement by operators in competitive markets to approach Redknee for our expertise in convergence and driving growth strategies. This new customer win further validates our focused expansion strategy, as we look to grow the global footprint of our end-to-end converged billing platform. At Redknee, we continue to invest in real-time monetization solutions to support the growth of mobile data and content for wireless subscribers around the world."

Hear more about Redknee's expansion in Eastern Europe at Mobile World Congress, being held in Barcelona from 14 to 17 February. Redknee is holding a series of industry panel discussions, cocktail events and demonstrations at its booth in Hall 1, 1E37. See http://www.redknee.com/mwc2011/ for more information and to secure your meeting.

For more information about Redknee and their solutions, please go to http://www.redknee.com

About Redknee:

Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit http://www.redknee.com.

For further information:

    
    Redknee Solutions:
    Humera Malik, Director of Global Marketing
    +1-905-625-2102
    humera.malik@redknee.com
    
    Redknee Solutions:
    David Charron, Chief Financial Officer
    +1-905-625-2943
    Investor Relations:
    Investor_relations@redknee.com

(RKN.)