Redknee Signs New U.S Converged Billing Customer

TORONTO, August 24, 2011 /PRNewswire/ --

Redknee Increases its Presence in U.S. with Additional Converged Billing Deal

Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that a leading regional U.S. wireless operator has selected Redknee's converged billing solution to replace its legacy solution in order to drive subscriber acquisition, increase revenues and improve profitability. This multi-million dollar deal reinforces Redknee's successful growth strategy into the U.S. market, following the successful launch of its converged billing solution at Sprint MVNO, i-wireless, and significant solution upgrades and support agreements signed with its U.S.-based customers in fiscal year 2011.

Lucas Skoczkowski, Redknee's CEO, commented:

"We are extremely pleased to be selected by another mobile operator in North America. This is reflective of the growing number of services providers in Tier-1 markets looking to Redknee's solutions to accelerate their growth and profitability. This opportunity reinforces Redknee's position as the solution provider of choice for operators seeking to achieve the benefits of next generation real-time converged billing. At Redknee, we continue to invest in real-time monetization solutions to support the growth strategies of wireless, multi-service and cloud operators around the world."

Leveraging Redknee's market-leading Turnkey Converged Billing (TCB) will enable the operator to achieve the benefits of an end-to-end fully converged billing and customer care platform, including real-time unified billing, rating and charging for the operator's data, voice and SMS services, advanced CRM capabilities, airtime reseller, self-care and VAS solutions. Redknee will enable the service provider to enhance its subscriber offering and end-user experience by offering real-time promotions, enhanced customer care and loyalty campaigns faster to the market. In addition, Redknee's real-time converged billing and customer solution will enable the service provider to deliver advanced charging transparency, flexibility and self-care options to its customers. From activation and provisioning, to real-time rating, billing, invoicing, partner management, airtime reseller services, and full customer care capabilities, Redknee's converged billing solution expertly addresses the needs of network operators throughout the world's most competitive markets.

For more information about Redknee and their solutions, please go to http://www.redknee.com.

For further information:

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