Redknee Expands Strategic Partnership With Tier 1 Western European Operator

Redknee Expands Strategic Partnership With Tier 1 Western European Operator

TORONTO, August 9, 2011/PRNewswire/ --

   
            - Redknee Signs Strategic Services Agreement to Support
                       Operator's Data Traffic Growth

    Redknee [http://www.redknee.com ] (TSX:RKN
[http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=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 multi-million dollar, multi-year strategic services agreement with
a leading Western European Tier 1 operator. The agreement will see Redknee
support the operator as it prepares to launch its high capacity
infrastructure to manage the future growth of its data services. This
additional services agreement at the Tier 1 operator further solidifies
Redknee's position as the partner of choice for operators seeking strategic
support as well as technical and operational excellence from their billing
and customer care solution providers.

    Across the globe, Redknee is a key strategic partner to multiple Tier 1
operators and group operators, including Zain, KPN and MTS, as they seek to
monetize on the explosion in data traffic and deliver an advanced customer
experience to their customers using Redknee's data monetization solution,
NGRC. Because of this, Redknee's customers are increasingly looking to the
billing and customer care specialist for its strategic counsel and services
support in preparation for the future growth of their data services.
According to Informa Telecoms and Media, the data traffic explosion will
continue to reverberate across the globe as it projects that mobile data
traffic will increase by 1,587% by 2013.

    Lucas Skoczkowski, Redknee's CEO, commented:

    "We are very pleased to announce this agreement with one of our Tier 1
customers. We believe we are enhancing Redknee's position as a strategic
partner to communication service providers that are experiencing phenomenal
data growth and are looking to turn this opportunity into increased revenues
and improved profitability. This announcement is further recognition of
Redknee's ongoing commitment to developing real-time monetization solutions
for wireless, multi-service and cloud service providers across the world and
the successful implementation of our growth strategy."

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

   
    For additional information please contact:

    Redknee Solutions:
    Ashleigh Young, Corporate Communications
    +1-905-625-2733
    ashleigh.young@redknee.com

    Redknee Solutions:
    David Charron, Chief Financial Officer
    +1-905-625-2943

    Investor Relations:
    investor_relations@redknee.com

Source: Redknee Solutions Inc.

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