TORONTO, Canada, July 21 /PRNewswire/ --

- Global Award Recognizes Redknee for Emerging as Competitor to the
Established OSS/BSS Elite

Redknee (TSX:RKN), a leading provider of business-critical billing and
charging software and solutions for communications service providers, has
been presented the Stratecast Global OSS/BSS Top 10 to Watch Award. This
recognition is awarded to agile and well-managed companies that have emerged
as real competitors to the established OSS/BSS elite.

According to Stratecast, in the midst of consolidation of service
providers and OSS/BSS vendors into larger and larger companies, there is a
breed of company making its presence felt in the service provider OSS/BSS
market. This award recognizes the success of these companies and their
commitment to innovation.

Lucas Skoczkowski, CEO of Redknee, commented: "Redknee has the expertise,
dedication and innovative product offerings to meet the challenges of both
high-growth and established communications service providers around the
world. We are honored to be recognized by Stratecast as a Top 10 to Watch
company. We continue to focus our efforts on bringing the very best solutions
to market, to create sustainable competitive advantage for our growing
customer base."

Stratecast specifically recognized Redknee for delivering a well-defined
and clearly differentiated product offering, along with a level of agility
and a culture of innovation that stands out amongst a sea of competition
around the globe. As networks and operations grow increasingly complex and
more subscribers continue to clamor for personalized services, it is these
qualities that give service providers the support they need to thrive.

Karl Whitelock, Senior Analyst, Frost & Sullivan - Stratecast Division,
added: "Redknee has thrived on its ability to develop innovative solutions
that have been proven and refined through a myriad of customer installations.
Its ongoing success and continued growth, despite a faltering economy, is a
result of helping its customers differentiate service offerings in some of
the most competitive markets in the world. Redknee is a company to watch as
the billing market continues to evolve."

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. References to Redknee refer to the combined
operations of the parent Redknee Solutions Inc, and all wholly owned
subsidiaries. For more information, visit http://www.redknee.com.

About Stratecast/Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering
with clients to support the development of innovative strategies for more
than 40 years. The company's industry expertise integrates growth consulting,
growth partnership services, and corporate management training to identify
and develop opportunities. Frost & Sullivan serves an extensive clientele
that includes Global 1000 companies, emerging companies, and the investment
community by providing comprehensive industry coverage that reflects a unique
global perspective and combines ongoing analysis of markets, technologies,
econometrics, and demographics. The Stratecast Division focuses on strategic
forecasting and strategy for the Telecom/IT sector. For more information,
visit http://www.awards.frost.com.

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