Redknee Secures Contract With Leading Asia Pacific Operator

TORONTO -

- Redknee’s Service Bureau to Provide Wholesale Billing and Content Settlement for Tier-1 Wireless Operator

Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, announced that a leading Tier-1 operator from the Asia Pacific (APAC) region has selected Redknee’s InBill solution to manage its wholesale billing with its Mobile Virtual Network Operator (MVNO) partners through Redknee’s service bureau operations. The operator joins an extensive line-up of service providers who leverage Redknee’s wholesale billing expertise to maximize the value of their networks by effectively and efficiently managing multi-party settlements.

The operator maintains a large wholesale division, providing telecommunications services to other service providers and carriers around the globe. As a result, it required a complete wholesale billing solution that supported multiple business models and addressed multi-party settlement requirements.

InBill’s solution service bureau offering provides the operator with the tools and expertise to achieve converged settlement, the ability to process event records from any source, enhanced reporting and an independent tool for revenue assurance. Redknee’s service bureau is a cost-efficient model for the operator, delivering a turnkey wholesale billing solution that is reliable and scalable to meet the growing needs of its business.

InBill is part of Redknee’s portfolio of monetization solutions, which includes Redknee’s flagship Turnkey Converged Billing solution. InBill helps service providers maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO, and content settlement software solution. Based on almost a decade of proven reliability to resolve and reconcile disputes rapidly, InBill provides the platform for other telecommunications software solutions such as fraud detection, network auditing, revenue assurance, best-cost routing and other network analysis and management tools.

“We are pleased to be selected as the provider of choice for this leading operator’s wholesale billing and content settlement needs. Redknee remains committed to delivering our software solutions through both traditional license and service bureau business models,” Lucas Skoczkowski, Redknee’s CEO stated. “This new contract further advances Redknee’s strategy of growing our business both organically and through acquisition, as we focus on expanding our global customer footprint and increasing recurring revenue.”

For more information about Redknee, visit 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 70 network operators in over 50 countries. References to Redknee refer to the combined operations of the parent Redknee Solutions Inc, and all wholly owned subsidiaries.

For more information, visit www.redknee.com.

Caution Regarding Forward-Looking Information:

This release contains forward-looking information within the meaning of applicable securities laws (”forward-looking statements”) that include Redknee’s preliminary unaudited estimate of revenue expected to be realized in fiscal 2009 from an order and product performance. Such forward-looking statements are not promises or guarantees and involve known and unknown risks, uncertainties and other factors and assumptions that may cause the actual results, performance or achievements of Redknee, or developments in Redknee’s business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to: deployment scheduling, product performance, technological change and changes in the industry in which Redknee competes; changing global economic conditions and uncertainties; the impact of foreign currency exchange rates; credit and collection risk; departure of key personnel; departures of key customers; and other risks detailed from time to time in the Company’s filings with the Ontario Securities Commission including Redknee’s Annual Information Form dated for the fiscal year ended September 30, 2008 and filed on www.sedar.com. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Redknee does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

For further information: Media Relations Contact: Ashleigh Young, Mi liberty, +44(0)20-7751-4444, ayoung@miliberty.com; Mark Yaphe, Vice President, Product Management & Marketing, +1-905-625-2298, mark.yaphe@redknee.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943, david.charron@redknee.com; Investor Relations: Isabel Fernandes-Cunha, +1-905-625-2421, isabel.fernandes@redknee.com or investor_relations@redknee.com

Source: Redknee Solutions Inc.

For further information: Media Relations Contact: Ashleigh Young, Mi liberty, +44(0)20-7751-4444, ayoung at miliberty.com; Mark Yaphe, Vice President, Product Management & Marketing, +1-905-625-2298, mark.yaphe at redknee.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943, david.charron at redknee.com; Investor Relations: Isabel Fernandes-Cunha, +1-905-625-2421, isabel.fernandes at redknee.com or
investor_relations at redknee.com