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Redknee Solutions Closes Special Warrant Financing

TORONTO April 18, 2013 –


Redknee Solutions Inc. (RKN.TO) ("Redknee" or the "Company") is pleased to announce that it has completed its offering of 14,538,500 special warrants (the "Special Warrants") of the Company at price of $3.10 per Special Warrant for aggregate gross proceeds of $45,069,350, which includes 18,500 Special Warrants issued pursuant to the underwriters exercising their over-allotment option (the "Offering").

The Offering was completed on a private placement basis and was underwritten by a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc. and including Canaccord Genuity Corp. and M. Partners Inc.

As previously announced the Company plans to use the net proceeds from the Offering for working capital.

Each Special Warrant will be exercisable into one common share in the capital of Redknee (the "Common Shares") for no additional consideration. The Special Warrants will be deemed to be exercised upon the earlier of: (i) a date that is no later than the fifth business day after the date of issuance of a receipt for a final prospectus qualifying the issuance of Common Shares underlying the Special Warrants; and (ii) four months and one day following the closing of the Offering. Redknee has agreed to use commercially reasonable best efforts to file a prospectus qualifying the issuance of the Common Shares underlying the Special Warrants within 75 days of closing of the Offering in all provinces of Canada where purchasers of Special Warrants are resident.

Forward-Looking Statements

Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements relate to, among other things, the offering of Special Warrants by Redknee and the use of the net proceeds of such offering, and matters regarding the filing of a prospectus to qualify the issuance of the Common Shares underlying the special warrants. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, a material adverse change in the affairs of Redknee or a development materially adversely affecting the financial markets, and the factors discussed under the "Risk Factors" section of the Company's most recently filed Annual Information Form which is available on SEDAR at and on the Company's web-site at

Although the forward-looking statements contained in this document are based upon what the Company believes are reasonable assumptions, Redknee cannot assure investors that its actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

Media Enquiries:

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

For additional information please contact:

Redknee Solutions:

Kristin Donelson
+1 905 625 2190

Investor Relations:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427