Redknee Wins Converged Triple-Play Billing Contract In EMEA



    
    Redknee Provides Turnkey Converged Billing Platform To Support Wireless,
    Fixed And Broadband Service Provider
    

    TORONTO, June 9 /CNW/ - Redknee (TSX: RKN), a leading global provider of
business-critical software and solutions for communications service providers,
announced today that a leading communications service provider in the EMEA
region (Europe, Middle East and Africa) has signed a multi-million dollar
contract for Redknee's Turnkey Converged Billing ("TCB") solution. This
solution enables the operator to manage its wireless, fixed, and broadband
services with a complete converged billing solution, providing a seamless
triple-play experience to its subscribers. It is anticipated that more than
half of the revenue from this contract win will be recognized in fiscal 2009.
    By consolidating its billing and customer relationship management (CRM)
systems onto one converged platform, the operator is able to provide a unified
experience to multi-service subscribers, enable cross service bundles and
promotions, as well as facilitate simpler payment options. Furthermore,
through a unified CRM solution, significant improvements can be made in the
subscriber service experience, allowing the operator to fulfill its mission of
providing the best customer experience to their consumer and corporate
subscribers.
    "We are proud to announce this strategic contract. It further validates
our product platform, and demonstrates our continued ability to gain market
share in the converged billing space." said Lucas Skoczkowski, CEO at Redknee.
"Moreover, we believe that by addressing billing requirements of the growing
list of multi-play service providers, Redknee significantly expands its future
market opportunities globally."
    Redknee's TCB solution supports all types of access technologies -
including wireless, satellite, WiMAX, wireline and broadband. It addresses the
industry's requirements to evolve legacy billing systems beyond the
traditional model, and delivers a functionally-rich platform that extends well
beyond basic rating and billing functionalities. The solution enables
operators to differentiate service offerings in competitive markets and
deliver the full benefits of a truly converged solution to help service
providers improve their revenues. This includes improvements in the overall
subscriber service experience - from storefront, through provisioning,
real-time rating and charging, billing and customer care, to providing the
tools that allow for fast and flexible pricing, cross-service bundling and
launching of individualized promotions and new services.
    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. 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, 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.





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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