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Redknee Solutions Responds to Crescendo Partners' Letter

TORONTO, Aug. 12, 2016 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, announced that it received a letter from Crescendo Partners on August 11, 2016 that was subsequently publicly disclosed by Crescendo Partners. In its letter, Crescendo Partners indicates that it is a significant shareholder of Redknee, and urges Redknee's Board of Directors to commence a process for the sale of Redknee.

Redknee is committed to building value for all shareholders, and to that end, will continue to execute its strategic plan and review alternatives available to it. Redknee is in the course of reviewing the letter from Crescendo Partners with its Board of Directors and advisers, and intends to invite Crescendo Partners to meet with Redknee representatives to obtain an understanding of its views.


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