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Redknee Lands $5M Services Deal in EMEA

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TORONTO -- Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that a leading group operator in EMEA has signed a services contract worth approximately $5 million dollars. With Redknee’s support, the group operator is able to launch innovative products, advanced data services and support its affiliates across the EMEA region. This contract highlights the confidence Redknee’s acquired service provider customers have in Redknee’s expertise and solutions to support their business and future growth strategies.

With Redknee, the group operator is able to utilize a highly flexible and scalable next generation, real-time end-to-end billing and customer care solution to improve operational efficiency and launch and monetize services faster in the market. Through Redknee, the group operator can effectively support its affiliates to deliver personalized offers, customer self-care and advanced tariff options to drive subscriber loyalty and enhance the customer experience. Redknee’s support is enabling the group operator to reduce costs, generate new revenue streams and increase its competitive position.

Lucas Skoczkowski, CEO at Redknee commented: “The signing of the multi-million dollar deal with this Tier 1 group operator, and acquired customer, attests to Redknee’s capabilities and the momentum we are seeing in the demand for our services and support from our Tier 1 operators and communications service provider customers. Redknee will continue to invest in our comprehensive real-time billing and customer care solutions to support our customers’ ongoing growth.”

Redknee Inc. (Toronto TSX: RKN)

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