Redknee Wins Eastern European Multi-Million Dollar Converged Billing Deal

New Deal Signifies Redknee's Successful Growth Strategy in Eastern Europe

TORONTO, February 10, 2011 - Redknee (TSX:RKN), a leading provider of business-critical billing and
charging software and solutions for communications service providers, is
pleased to announced that it has secured a new transformation deal that will
see its Turnkey Converged Billing solution replace the legacy billing
solution at a leading mobile operator, based in the Eastern European region.
The multi-million dollar transformation and professional services deal will
enable the operator to achieve the benefits of an end-to-end fully converged
BSS platform, including real-time billing, advanced CRM, interconnect,
self-care and VAS systems, as it looks to drive subscriber acquisition,
increase revenues and improve profitability in its increasingly competitive
market. This latest customer win is a result of Redknee's successful
expansion strategy in Eastern Europe.

Lucas Skoczkowski, Redknee's Chief Executive commented:

"We are extremely pleased to be supporting this mobile operator as it
embarks on the next phase of growth. This transformation deal is
representative of an increasing movement by operators in competitive markets
to approach Redknee for our expertise in convergence and driving growth
strategies. This new customer win further validates our focused expansion
strategy, as we look to grow the global footprint of our end-to-end converged
billing platform. At Redknee, we continue to invest in real-time monetization
solutions to support the growth of mobile data and content for wireless
subscribers around the world."

Hear more about Redknee's expansion in Eastern Europe at Mobile World
Congress, being held in Barcelona from 14 to 17 February. Redknee is holding
a series of industry panel discussions, cocktail events and demonstrations at
its booth in Hall 1, 1E37. See www.redknee.com/mwc2011/ for more
information and to secure your meeting.

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 90 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

(RKN.)

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