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Redknee Wins $14 Million Dollar Deal in the Americas

OSS News Review

OSS News Review

May 12, 2015 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that a leading communications service provider (CSP) in the Americas, has signed an order worth more than $14 million dollars with Redknee to support its Mobile Virtual Network Enabler (MVNE) growth strategy. With Redknee’s cloud-based converged billing and customer care platform, Redknee Unified, the CSP is deploying its MVNE infrastructure to support Mobile Virtual Network Operators (MVNOs) in key markets across the Americas. This significant contract highlights Redknee’s growing presence in Tier-1 markets due to its expertise in providing large-scale solutions in the cloud.

Leveraging Redknee Unified, the CSP is accelerating its MVNE growth strategy. Redknee’s end-to-end solution will support the CSP’s multi-brand strategy, including the launch of new consumer and partner brands and MVNOs to the market from a centralized platform. Redknee’s converged billing and customer care solution provides service providers with an innovative platform that enables fast time to market to launch new services, while minimizing the investment risk with low initial setup costs.

Lucas Skoczkowski, Redknee’s CEO commented:
“We are pleased to support this leading service provider’s MVNE strategy with our cloud-based converged billing and customer care platform. This strategic deal reinforces Redknee’s expertise and capabilities in enabling service providers with the agility and flexibility to launch new business models fast to market and accelerate their growth and profitability strategies. At Redknee, we will continue to invest in real-time monetization and subscriber management software solutions that support over 200 service providers across the globe to enhance the customer experience, generate new revenue streams and grow profitability.”

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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:

Kristin Donelson
Kristin.Donelson@redknee.com
+1 905 625 2190

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