Redknee Wins Converged Triple-Play Billing Contract in EMEA

TORONTO - Redknee Provides Turnkey Converged Billing Platform to Support Wireless, Fixed and Broadband Service Provider

Redknee (TSX: RKN), a leading global provider of business-critical software and solutions for communications service providers, announced today that a leading communications service provider in the EMEA region (Europe, Middle East and Africa) has signed a multi-million dollar contract for Redknee’s Turnkey Converged Billing (”TCB”) solution. This solution enables the operator to manage its wireless, fixed, and broadband services with a complete converged billing solution, providing a seamless triple-play experience to its subscribers. It is anticipated that more than half of the revenue from this contract win will be recognized in fiscal 2009.

By consolidating its billing and customer relationship management (CRM) systems onto one converged platform, the operator is able to provide a unified experience to multi-service subscribers, enable cross service bundles and promotions, as well as facilitate simpler payment options. Furthermore, through a unified CRM solution, significant improvements can be made in the subscriber service experience, allowing the operator to fulfill its mission of providing the best customer experience to their consumer and corporate subscribers.

“We are proud to announce this strategic contract. It further validates our product platform, and demonstrates our continued ability to gain market share in the converged billing space.” said Lucas Skoczkowski, CEO at Redknee. “Moreover, we believe that by addressing billing requirements of the growing list of multi-play service providers, Redknee significantly expands its future market opportunities globally.”

Redknee’s TCB solution supports all types of access technologies - including wireless, satellite, WiMAX, wireline and broadband. It addresses the industry’s requirements to evolve legacy billing systems beyond the traditional model, and delivers a functionally-rich platform that extends well beyond basic rating and billing functionalities. The solution enables operators to differentiate service offerings in competitive markets and deliver the full benefits of a truly converged solution to help service providers improve their revenues. This includes improvements in the overall subscriber service experience - from storefront, through provisioning, real-time rating and charging, billing and customer care, to providing the tools that allow for fast and flexible pricing, cross-service bundling and launching of individualized promotions and new services.

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. 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.

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