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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.


Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world for communications service providers. Our market-leading portfolio of monetization and subscriber management solutions includes real-time billing, charging, policy and customer care modules and is available on premise, cloud-based, or as Software-as-a-Service. With a central focus on driving customer success, Redknee's products power growth and innovation for operators globally. Established in 1999, Redknee Solutions Inc. (TSX: RKN) can be found on the Toronto Stock Exchange. For more information about Redknee, 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:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427
kthissen@national.ca