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Redknee Solutions Inc. Announces Changes to Board of Directors and Executive Leadership

TORONTO, Feb. 15, 2017 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, today announced changes to its Board of Directors (the "Board"). Effective immediately, Alan Michels and Kent Thexton have stepped down from the Board of Directors, and Christy Jones and Farhan Thawar have been appointed to the Board. Redknee's Board will now be comprised of Demetrios Anaipakos, Scott Brighton, Chris Helling, Christy Jones, Andrew Price, Lucas Skoczkowski, and Farhan Thawar.

"I want to thank Kent and Alan for their service to the Company," said Scott Brighton, Director, Redknee. "We wish them the best in their future endeavors."

Separately, the Board announced a leadership reorganization in which Danielle Royston has been appointed interim Chief Executive Officer, effective immediately. Ms. Royston replaces Lucas Skoczkowski, who has been removed by the Board from his role as Chief Executive Officer.

Brighton continued, "The Board sees enormous long-term potential for Redknee, and to capitalize on that long-term potential we must undertake aggressive changes in the short-term to fix the fundamentals of the business. Danielle Royston is an exceptional software executive who has been the architect of numerous turnarounds. We thank her for accepting this important role."

The Board intends to launch a thorough internal and external search to secure a permanent Chief Executive Officer.

Biographies for all new Board members and interim Chief Executive Officer Danielle Royston will be available on Redknee's website.
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