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Press release from PR Newswire

REDKNEE SIGNS MULTI-MILLION DOLLAR STRATEGIC DEAL WITH APAC GROUP OPERATOR

Tuesday, April 26, 2011

REDKNEE SIGNS MULTI-MILLION DOLLAR STRATEGIC DEAL WITH APAC GROUP OPERATOR07:00 EDT Tuesday, April 26, 2011 REDKNEE BECOMES EXCLUSIVE BILLING, RATING, CHARGING AND POLICY VENDOR ACROSS GROUP OPERATIONS TORONTO, April 26 /PRNewswire/ - Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has signed a strategic multi-million dollar agreement with a group operator that will see it provide all of the billing, rating, charging and policy management across the group's international operations in Asia Pacific. This multi-million dollar, multi-year, deal reinforces Redknee's successful growth strategy as the company continues to grow its footprint in the APAC region. Supporting the group operator since 2006, Redknee's real-time converged billing and integrated rating, charging and policy solutions have enabled the operator to quickly launch and grow its presence across the region. As the operator begins to roll out its 3G services, Redknee's solutions will be essential to support the operator's priorities of delivering an advanced customer experience and increasing revenues. Lucas Skoczkowski, Redknee's CEO commented:  "This strategic deal enables the group operator to achieve the benefits of a private cloud end-to-end billing, rating and charging solution that supports its operations in multiple countries. This long-term strategic partnership exemplifies the value and success that Redknee delivers to operators that want to increase revenues, improve the customer experience and grow profitability. At Redknee, we are continuing our investment in real-time monetization solutions that serve the growth strategies of wireless, multi-service and cloud operators around the world." The deal will see Redknee unify and upgrade the group operator's billing, rating, charging and policy solutions across its multiple operations onto one consolidated platform and will establish multi-site disaster recovery and lab testing services. The consolidated platform will enable the group operator to achieve significant OPEX savings. In addition, the operator will have a centralized view of the adoption of its services, promotions and campaigns across all of its properties in order to identify new customer use cases and to launch and cross-sell new services. In addition, Redknee's integrated real-time promotions, policy and analytics engine will also enable the operator to segment the market and make real-time offers, which are relevant and timely to their customers in order to drive customer loyalty, and increase both ARPU and profitability. For more information about Redknee and their solutions, please go to 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 www.redknee.com. SOURCE Redknee Solutions Inc.For further information: <p> </p> <table valign="top" border="0" cellspacing="0"> <tr valign="top"> <td align="left"> <b>Redknee Solutions:</b><br/> Ashleigh Young, Corporate Communications<br/> +1 905 625 2733<br/> <a href="mailto:ashleigh.young@redknee.com">ashleigh.young@redknee.com</a><br/> </td> <td align="left"> <b>Redk</b><b>nee Solutions:</b><br/> David Charron, Chief Financial Officer<br/> +1 905 625 2943<br/> <br/> Investor Relations:<br/> <a href="mailto:Investor_relations@redknee.com">Investor_relations@redknee.com</a> </td> </tr> </table> <p>   </p>