Tier 1 APAC Operator Renews Redknee Support Contract

TORONTO – April 24, 2013 Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has renewed a multi-million dollar support contract upon similar commercial terms. The renewal contract will see Redknee enable the APAC communication service provider (CSP) to deliver services to its 30 million subscribers and will support its future growth strategy.

The service provider’s decision to continue its investment with Redknee is in response to the success that the CSP is experiencing in the high-growth market it operates in and in preparation for the launch of 3G services. Redknee’s highly scalable and agile converged billing, charging, customer care, and payments solution is supporting mobile network operators (MNOs), mobile virtual network operators/enablers (MVNO/Es) and other communications service providers to deliver an advanced customer experience, increase revenues and improve profitability.

Lucas Skoczkowski, Redknee’s CEO commented:

“This increased investment in Redknee by our customer in Asia Pacific is indicative of the positive impact that the growth of 3G and LTE adoption will have on increasing traffic and revenues for communications service providers. We are pleased with the support we are receiving from our new customers, as we continue to integrate the most recent acquisition and create a compelling new provider of choice in the real-time monetization and subscriber management software space.”

Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and service providers across the world. Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers’ usage, preferences, and integration with 3rd party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee provides the industry’s most comprehensive real-time converged billing, charging, customer care and payments solution.  Redknee’s highly scalable and flexible solution enables CSPs to monetize third party relationships and content, support resellers and dealers and launch multi-country operations quickly, effectively and with a low total cost of ownership. Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee provides a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.

For more information about Redknee and its solutions, please go to 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 service providers to monetize new services, business models and content and to deliver a comprehensive customer experience. Redknee’s revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 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 about Redknee and its solutions, please go to www.redknee.com.