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Redknee renews a Multi-Million Dollar Services Contract with a Tier 1 Operator in Europe

TORONTO – June 1, 2016 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has renewed a multi-year services creation and support contract with a European Tier 1 operator to maximize the value of its monetization and subscriber management solution. This win highlights the quality of Redknee’s relationships with existing customers and the ability of Redknee’s services group to assist large Tier 1 operators with product and support solutions, including the fast deployment of new, innovative and tailored services that deliver value to the operators business and its customers. 

Redknee’s Services Group provides a full suite of professional services, including Consulting, Managed & Cloud Services, Application Services and Learning Services, catering to the needs of services providers. Redknee’s team of world-class experts utilize best-in-class tools, processes and consulting techniques to deliver performance based solutions that help derive the highest possible business value from deployed BSS platforms and infrastructure. The combination of Redknee’s real-time monetization and subscriber management software and services allows services providers to quickly deploy new capabilities to support differentiation and generate sustained business advantage in one or multiple markets.    

Lucas Skoczkowski, Redknee's CEO commented: 
"Services are becoming increasingly important for service providers as they seek to optimize operations and make themselves more competitive. This significant win highlights the need for operators and service providers, including Tier 1 operators, to maximize the value of their monetization and subscriber management solutions to increase agility and flexibility across the business to drive growth and pursue current and future business goals.”

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:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427
kthissen@national.ca