TORONTO--(Marketwired - May 1, 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 services and care agreement with a leading communications service provider (CSP) in APAC. The renewal of the services and care agreement will support the growth of 3G data usage by the service provider's subscribers and the launch of its 4G services. This continued investment highlights the success that Redknee's customers are achieving by leveraging its highly scalable and flexible monetization and subscriber management solutions for communication service providers.

Redknee's real-time converged billing solution provides advanced data charging capabilities to prepaid and postpaid systems by providing a single solution to monetize innovative data services, segment markets, and deliver targeted promotions, bundles and incentives to subscribers. Supporting the operator's more than 10 million subscribers, Redknee's highly scalable solution allows the service provider to manage the complexities of data networks, launch new services quickly, monetize 3^rd party content and achieve a fast time to market. Redknee's comprehensive portfolio of billing, charging and customer care solutions is supporting the growth and profitability strategies of more than 200 communications service providers in over 90 countries.

Lucas Skoczkowski, CEO at Redknee, commented:
"Redknee is pleased to support the growth and profitability strategies of our new customers following the recent acquisition. The mobile data explosion in the high growth markets is providing opportunities for competitive service providers to deliver innovative personalized offers and services, to increase subscriber loyalty and to generate new revenue streams. As we continue to integrate the most recent acquisition, we are encouraged by the positive feedback we have received by our customers as we focus on creating 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 one of 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 ].

Forward-Looking Statements
Certain statements in this document, including the extent of revenue that may be realized by Redknee from the contract entered into to provide services and care and the ability of that solution to support the accelerated growth of 3G data usage by the service provider's subscribers and the launch of its 4G services later this year may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.

Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee to meet performance metrics specified under the contract or otherwise satisfy its obligations required to be performed under the contract, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at [ www.sedar.com ] and on Redknee's web-site at [ www.redknee.com ]. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.

Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

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 ].