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Redknee Enables EMEA Group Operator to Expand Data Services

TORONTO – October 2, 2013 Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that a Tier 1 service provider, and an acquired customer from EMEA, has signed a multi-million dollar, multi-year agreement with Redknee. With Redknee, the service provider will be able to monetize and launch advanced data solutions, develop its mobile broadband offering and ongoing use of 4G / LTE. This agreement emphasizes Redknee’s expertise to enable Tier 1 service providers to enhance their competitiveness, generate new revenue streams and fulfill their growth strategies.

Leveraging Redknee’s converged billing and customer care solution, this Tier 1 operator continues to maintain its market-leading position by providing differentiated services and innovative pricing plans. Redknee enables CSPs to monetize the subscriber experience across the entire customer lifecycle from activation to provisioning, to providing a 360 degree view of the customers’ usage and preferences and empowering customers with self-care tools and the ability to pay for services on the go.

Lucas Skoczkowski, CEO at Redknee commented:
“This agreement with an acquired EMEA Tier 1 customer, and associated group operator, further demonstrates Redknee’s capability to enable service providers to improve their operational efficiency, reduce costs, and deliver an enhanced subscriber experience. Redknee’s ongoing investment in our market-leading real-time monetization solution is enabling us to advance our position as the provider of choice to communications service providers around the world.

Redknee’s highly scalable converged billing and customer care solution enables service providers with faster time to market to launch new services and increase profitability. Available on-premise, cloud-based and as a Software-as-a-Service, Redknee provides a complete portfolio of monetization and subscriber management solutions for service providers across the world.

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 are provided for the purpose of providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.

Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. 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, the inability of Redknee's products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at www.sedar.com and on Redknee's web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.

Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our 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: 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:
Michaela Radman, Corporate Communications
Michaela.Radman@redknee.com
+1 905 625 2190

Investor Relations:
Conrad Seguin
NATIONAL | Equicom
T: (416) 586-1951
cseguin@national.ca