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Redknee Lands BSS Deal with Telekom Austria

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February 20, 2014 TORONTO -- Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that it has signed a multi-year global framework agreement, worth more than $6 million USD, where Redknee will support Telekom Austria Group in Europe. Redknee’s flexible and highly scalable solution will enable the group operator to improve operational efficiency and advance its market position. This agreement demonstrates Redknee’s expertise and capabilities to address the needs of group operators and their growth strategies.

Leveraging Redknee’s real-time billing, charging and customer care solution, Telekom Austria Group will be enabled to provide a superior customer experience. Redknee’s real-time solution provides group operators with the ability to converge all of its systems, including voice, messaging, data, mobile and fixed lines, to gain simplicity and transparency to charge and bill for any transaction regardless of the payment method. In addition, with Redknee’s modular solution, group operators can launch multi-country operations quickly and with a low total cost of ownership.

To read the online version, please click here.

Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions, including real-time billing, charging, policy and customer care modules, which allow Communications Service Providers to charge for things in new and innovative ways and create a unique user experience. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. 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 about Redknee and its solutions, please go to www.redknee.com.

For additional information please contact:

Redknee Solutions:
Michaela Radman, Corporate Communications
Michaela.Radman@redknee.com
+1 905 625 2190

Investor Relations:
Conrad Seguin
NATIONAL | Equicom
T: (416) 586-1951
cseguin@national.ca