Redknee Addresses the Needs of Multi-Service Operators With Converged Billing
Solution Upgrade

    
    Real-Time Solution Brings Convergence at All Levels, and Re-Defines
    Billing For Operators In High Growth Markets
    

TORONTO, Sept. 23 /CNW/ - September 23, 2009 - Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, announced the general availability version of Real-Time Turnkey Converged Billing (TCB) 8.1. Redknee is pleased to announce that six operators are already in the process of installing or upgrading to TCB 8.1, and will be benefiting from the ability to converge multiple services onto one billing platform - reducing overhead costs and providing them with the ability to launch flexible pricing plans and targeted service offerings to their subscriber base.

Among the latest key enhancements to TCB is the ability for operators offering triple and quad-play offerings (including wireless, wireline, satellite and broadband technologies) to support everything from one billing platform; enabling faster time-to-market, increased network visibility and lower support costs. Additionally, TCB's enhanced unified rating engine and integrated bundle and balance management tools enable operators to create and launch highly targeted promotions quickly with a web based GUI (Graphical User Interface). Since all the services are being managed through one platform, specially priced cross-service 'bundles' can be created - generating increased usage by the subscriber, and more revenue for the operator.

Redknee's CEO Lucas Skoczkowski commented:

"We are very excited about Redknee's latest release of Turnkey Converged Billing. TCB helps operators achieve the next level in monetizing the value of their networks by providing them with more choices in how they launch and price their services, along with increased configurability of the features, and reduced time to market. With Redknee's software, customers are achieving unmatched savings in OPEX, increased revenue through real-time marketing promotions and cross-service bundles, and enhanced self-care capabilities for both subscribers and distributors. Redknee is dedicated to innovation that helps our customers remain ahead of their competition, while allowing them to stay focused on running their business and keeping their subscribers happy."

Redknee's award-winning TCB is a complete billing and customer care solution that delivers centralized business intelligence and a full suite of billing capabilities to operators around the globe. The solution extends beyond traditional billing and functions as a merchandising platform that optimizes and improves the overall subscriber service experience. As a result, network operators can better manage partner relationships, quickly roll out new services and deliver targeted, real-time promotions to their subscribers. Its real-time rating and charging capabilities enable operators to process all payment types from a single platform - prepaid, postpaid and hybrid accounts can all be managed with ease. From activation and provisioning, to real time rating, billing, invoicing, partner management, mobile money services, and full customer care capabilities, TCB expertly addresses the needs of network operators throughout the world's high growth markets.

For more information about Redknee, visit www.redknee.com

About Redknee:

Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 70 network operators in over 50 countries. References to Redknee refer to the combined operations of the parent Redknee Solutions Inc, and all wholly owned subsidiaries. For more information, visit www.redknee.com.

Caution Regarding Forward-Looking Information:

This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that include Redknee's preliminary unaudited estimate of revenue expected to be realized in fiscal 2009 from an order and product performance. Such forward-looking statements are not promises or guarantees and involve known and unknown risks, uncertainties and other factors and assumptions that may cause the actual results, performance or achievements of Redknee, or developments in Redknee's business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to: deployment scheduling, product performance, technological change and changes in the industry in which Redknee competes; changing global economic conditions and uncertainties; the impact of foreign currency exchange rates; credit and collection risk; departure of key personnel; departures of key customers; and other risks detailed from time to time in the Company's filings with the Ontario Securities Commission including Redknee's Annual Information Form dated for the fiscal year ended September 30, 2008 and filed on www.sedar.com. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Redknee does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

SOURCE Redknee Solutions Inc.

For further information: For further information: Media Relations Contact: Ashleigh Young, Mi liberty, +44 (0)20 7751 4444, ayoung@miliberty.com; Mark Yaphe, Vice President, Product Management & Marketing, (905) 625-2298, mark.yaphe@redknee.com; Redknee Solutions: David Charron, Chief Financial Officer, (905) 625-2943, david.charron@redknee.com; Investor Relations: Isabel Fernandes-Cunha, (905) 625-2421, isabel.fernandes@redknee.com or investor_relations@redknee.com


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