TORONTO, June 9 /PRNewswire/ --

- Redknee Provides Turnkey Converged Billing Platform to Support
Wireless, Fixed and Broadband Service Provider

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 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 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
http://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 http://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: 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; Redknee Solutions: David Charron, Chief Financial
Officer, +1-905-625-2943, david.charron@redknee.com; Investor Relations:
Isabel Fernandes-Cunha, +1-905-625-2421, isabel.fernandes@redknee,com, or
investor_relations@redknee.com