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Press release from Marketwire

Redknee and Tech Mahindra to Launch Telco-in-a-Box Solution

Pre-Packaged Solution Will Provide a Low-Risk Platform for Mobile Virtual Network Operators and Enablers (MVNO/Es)

Tuesday, February 28, 2012

Redknee and Tech Mahindra to Launch Telco-in-a-Box Solution11:07 EST Tuesday, February 28, 2012TORONTO and BARCELONA, SPAIN--(Marketwire - February 28, 2012) - Redknee</b> Solutions</b> Inc. </b>(TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, and Tech Mahindra (NSE: TECHM), a global systems integrator and business transformation consulting organization focused on the communications industry, are pleased to announce at Mobile World Congress the availability of Telco-in-a-Box, a solution that will provide MVNO/Es with a low-risk, flexible approach that can be launched to the market in weeks.Telco-in-a-Box is a joint solution offered by Redknee and Tech Mahindra, a partnership that was established in 2011. Together, Redknee and Tech Mahindra deliver communication service providers across the world with an award-winning next generation billing and customer care solution with a faster deployment speed for service providers.The pre-packaged end-to-end converged billing and IT solution is equipped with real-time billing tools and deep business intelligence that will enable MVNO/Es to target niche markets, launch differentiated offerings and create real-time, personalized promotions and campaigns in order to increase revenues and enhance customer experience. The open and flexible approach also supports MVNO/Es to increase their tight margins through its seamless integration with loyalty programs and 3rd party partnerships.Available on-premise or as a cloud-based solution, Telco-in-a-Box offers a low-risk business model that enables MVNEs and Tier 1 wholesale platforms to stay versatile while growing their business and to minimize initial investments. With flexible deployment options, as well as pay-as-you-grow commercial models and multi-tenant capabilities, MVNO/Es have the agility and scalability to support new business models, such as onboarding and providing billing and customer care solutions for new MVNOs, on the same platform.Lucas Skoczkowski, CEO, Redknee, commented:"We are extremely pleased to announce the availability of this joint solution with Tech Mahindra. The development of Telco-in-a-Box is the latest example of how our growing partner ecosystem is creating innovative offerings that are focused on accelerating the growth strategies of our customers. At Redknee, we continue to invest in developing cloud-based and on-premise monetization solutions to enable service providers to increase revenues, improve the customer experience and grow profitability."Pritam Parvatkar, Sr. Director - Global Alliances, Tech Mahindra, stated:"The rich product portfolio of Redknee combines well with Tech Mahindra's deep domain expertise to offer unique value to our customers. Telco-in-a-Box is the culmination of both companies' strengths in providing MVNO/E solutions that accelerate their growth strategies and increase profitability. We are pleased to work with Redknee to deliver this joint solution, which testifies our proactive involvement in investing and growing with partners."About Redknee:</b>Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetise the value of each subscriber transaction while personalising 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.About Tech Mahindra:</b>Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc.Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators worldwide and their proven delivery models, distinctive IT skills and decades of domain expertise enable clients to maximize returns on their IT investment. Tech Mahindra registered revenue of USD 1,127 million in the year ended March 31, 2011 and is ably supported by 42,500 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets.A SEI-CMMi Level 5 organization, Tech Mahindra's development centers are ISO 9001:2008 and BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada and Australia. Tech Mahindra Ltd is part of the US $14.4 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.For further information, visit: www.techmahindra.comFOR FURTHER INFORMATION PLEASE CONTACT: For additional information please contact:ORCorporate CommunicationsTech Mahindra:corporate.communications@techmahindra.comORAshleigh Young, Corporate CommunicationsRedknee Solutions:+1 905 625 2733OR+1 905 625 2943David Charron, Chief Financial OfficerORMatt Glover or Michael KoehlerInvestor RelationsLiolios Group, Inc.+1 949 574 3860