TORONTO, Canada, February 2 /PRNewswire/ --

- Redknee Achieves Platinum Level Status in 2008 Canada's 50 Best Managed
Companies

Redknee (TSX / AIM: RKN), a leading provider of mission-critical software
and solutions for communications service providers, is pleased to announce
that it has been named as one of Canada's 50 Best Managed Companies. This
recognition also marks Redknee's achievement of Platinum level status, which
is only awarded to companies who have won the award for six consecutive
years.

"We are extremely proud to achieve Deloitte's Platinum level as one of
Canada's 50 Best Managed Companies. I want to thank our employees and
customers who helped us reach this achievement. This award recognizes the
solid foundation that we have built this company upon - strong employees, a
global customer base, and a clear growth strategy," says Redknee's CEO Lucas
Skoczkowski.

Canada's 50 Best Managed Companies is the Country's leading business
awards program that recognizes excellence in Canadian-owned and managed
companies with revenues over $10 million. The awards measure success of a
company beyond its financial performance, assessing the overall business
performance and sustained growth of the organization. Sponsored by Deloitte,
CIBC Commercial Banking, National Post and Queen's School of Business, the
awards are judged by an independent panel who select the final 50 award
winners.

"We would like to congratulate Redknee's induction to the Platinum Club.
For the past six years, Redknee has shown that it has a strong management
team and strategy that will help it continue to excel in the future. We are
pleased to add Redknee to our list of top Canadian companies that are
excelling in the global economy," says John Hughes, Partner, Private Company
Services group with Deloitte, a national sponsor of the Best Managed program.

The award recognition rounds up a solid 2008 performance by Redknee.
Highlights for the year include reporting year-end September 30, 2008 revenue
up 31% to $50.7 million; adding over 20 new operators to its customer base
from across all of its addressable markets, while increasing its market share
by 38%; successfully completing the acquisition of Argent Networks; securing
a US$10 million dollar line of credit, and listing on the TSX exchange. As
Redknee marks its 10th anniversary in 2009, it continues to gain market share
in the high growth regions of Africa, the Middle East & Asia Pacific, while
continuing to focus on its growth segments of Tier-1 operators in Europe and
North America.

For more information about Redknee, visit http://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 lifetime 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/AIM: 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
http://www.redknee.com/

About Canada's 50 Best Managed program:

Canada's 50 Best Managed Companies continues to be the mark of excellence
for Canadian-owned and managed companies with revenues over $10 million.
Every year since the launch of the program in 1993, hundreds of
entrepreneurial companies have competed for this designation in a rigorous
and independent process that evaluates their management skills and practices.
The awards are granted on three levels: 1) Best Managed winner (one of the 50
new winners selected each year); 2) Re-qualified member (repeat winners
retain the Best Managed designation for two additional years, subject to 
annual operational and financial review); 3) Platinum Club member (winners 
that maintain Best Managed status for a minimum of six consecutive years.) 
Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and 
Queen's School of Business.

For further information, visit http://www.canadas50best.com.

    For additional information please contact:
    Media Relations Contact:
    Ashleigh Young
    Mi liberty
    +44(0)20-7751-4444
    ayoung@miliberty.com

    Mark Yaphe, Vice President, Product Management & Marketing
    +1-905-625-2298
    mark.yaphe@redknee.com

    Nomad:
    Canaccord Adams Limited
    Ryan Gaffney/Andrew Chubb
    +44(0)207-050-6500

    Fabrice de Dongo
    Deloitte Media Relations
    +1-416-874-3249
    fdedongo@deloitte.ca

    Financial Public Relations :
    Jeremy Garcia
    Buchanan Communications
    +44(0)20-7 466-5000
    jeremyg@buchanan.uk.com

    Redknee Solutions:
    Colley Clarke, Chief Financial Officer
    +1-905-625-2604
    colley.clarke@redknee.com