Redknee Expands Strategic Partnership With Tier 1 Western European Operator

TORONTO, August 9, 2011 -

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

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 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 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

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