Redknee Selects Reksoft as Reseller in Russia

Reksoft, Russian systems integration company, and Redknee Solutions Inc. (AIM : RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, today announced a reseller agreement for Redknee products. Together, the companies are positioned to offer differentiated services that cater specifically to the Russian/CIS telecom market.

"Our customers rely on us to provide compelling services that will differentiate them within a highly competitive landscape. Differentiation is key to not only maintain and grow the subscriber base but also increase the value of each subscriber," said Alexander Egorov, CEO at Reksoft. - "Reksoft is thrilled to be working with Redknee. Both companies are dedicated to providing service innovation, excellence and value to the customer."

Redknee is headquartered in Canada with offices around the globe including Ireland, Germany, UK, India, and the United Arab Emirates. The company went public with its listing on the London Stock Exchange AIM in February 2007. Under the terms of the reseller agreement, Reksoft will package its sales and implementation support services with Redknee's existing real-time Personalization and Monetization product lines, to provide uniquely differentiated services, including:

• Unified Rating and Charging System (URCS) delivers a real-time converged rating solution for voice, data, messaging and content services. Modular architecture allows single (e.g. data only) or fully converged deployments and fully supports IMS networks.
• Policy Decision Rules Server (PDRS) provides standards-compliant policy and charging control for pre-IMS and IMS (3GPP R7) networks.
• Unified Profile Server (UPS) enables secure privacy controlled access to static and dynamic subscriber profile data required for Service Personalization.
• Enhanced Messaging Gateway (EMG), M-Commerce Gateway (MCG), and Enhanced Location Services (ELS) are complementary products that support personalized content delivery and real-time funds transfer.

Lucas Skoczkowski, CEO at Redknee:

"Redknee is very excited to work with Reksoft. Russia is a very important high growth market. This agreement combines Redknee's innovative products with Reksoft's local expertise and system integration capability to jointly offer advanced end-to-end solutions for mobile and converged networks."

Additional information:

About Redknee (http://www.redknee.com):

Since its inception in 1999, the Redknee (AIM : RKN) customer base has grown to thirty mobile communications service providers, which provide services to over 275 million wireless subscribers in over twenty countries. Redknee's customer base includes 4 of the 10 largest mobile communications service providers or groups world wide as determined by subscriber count. The Groups ISO 9001:2000 certified infrastructure software provides these mobile communications service providers with the capability to monetize and personalize up to 2.4 billion transactions every month. Redknee Solutions Inc. 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. www.redknee.com

About Reksoft (http://www.reksoft.com):

Reksoft possesses over a decade of Telecom experience, delivering services and solutions for Telecom operators, product vendors and equipment manufacturers. The Company develops systems and applications for wired and wireless communications, such as network testing and management, BSS/OSS, billing, value-added services, legacy migration and localization. Reksoft customer list includes Beeline, Comverse, FirstHop, KyivStar, Swisscom Mobile, Sicap, Uralsvyazinform, Vimpelcom. Further information at www.reksoft.com

Redknee Media Relations Contact:

Heidi Rosenberg
NPI PR
+1 831-440-2405
heidi@npipr.com

Jeff Popoff
+1 408-997-1897
jeff.popoff@redknee.com

Redknee Investor Relations Contact:

Jeremy Garcia / Simon Potter
Buchanan Communications
+44 (0) 20 7 466 5000
jeremyg@buchanan.uk.com

Colley Clarke
+1 905 625 2604
colley.clarke@redknee.com