Redknee Signs Two Multi-Year Services Agreements in EMEA and Americas Regions

Operators Leverage Converged Billing Expertise to Drive Mobile ARPU and Customer Loyalty

TORONTO, August 10, 2010 - Redknee (TSX:RKN), a leading provider of business-critical billing and
charging software and solutions for communications service providers, today
announced that it has signed a multi-year services contract with a leading
EMEA operator to provide on-the-ground support as the communications service
provider continues to launch advanced telecoms services to its subscribers in
an increasingly competitive market. This agreement comes in addition to
multi-million dollar services and upgrades contract that Redknee has also
signed in the Americas region. The signing of the services contracts
reinforce Redknee's position as the partner of choice for both long-term
customers for their converged customer care and billing needs.

As operators roll out next generation networks and experience exponential
data growth and increased competition, they are partnering with experienced
solution and services providers, such as Redknee, to leverage their global
expertise to help reduce the time to market for launching new services as
well as the resources required to meet the evolving needs of the business.
Implementing best practices and leveraging Redknee's experience from working
with service providers, including tier 1 and group operators, Redknee's
services bring on-the-ground product marketing, strategic positioning,
design, implementation and operational expertise to operators who are looking
to maximize the return on their investment as quickly as possible.

Lucas Skoczkowski, Redknee's Chief Executive commented:

"Redknee services offering reiterates our commitment to supporting and
enhancing our customers business. As we gain market share across the globe,
our broad range of services offered directly and in conjunction with our
partners give our customers not only the benefits of our award winning
real-time monetization products, but access to global experience and
expertise. The signing of these new services contracts proves Redknee's
successful strategy to continue our investment in solutions that serve the
global wireless markets to support the success of our customers and the
execution of our growth strategy."

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 70 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.

For further information: Redknee Solutions: Humera Malik, Director of
Global Marketing, +1-905-625-2102, humera.malik@redknee.com; Redknee
Solutions: David Charron, Chief Financial Officer, +1-905-625-2943; Investor
Relations: Investor_relations@redknee.com

For further information: Redknee Solutions: Humera Malik, Director of Global Marketing, +1-905-625-2102, humera.malik at redknee.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943; Investor Relations: Investor_relations at redknee.com