TORONTO, Canada, February 2 /PRNewswire/ --

- Redknee Achieves Platinum Level Status in 2008 Canada's 50 Best Managed Companies

Redknee (TSX / AIM: RKN), a leading provider of mission-critical software and solutions for communications service providers, is pleased to announce that it has been named as one of Canada's 50 Best Managed Companies. This recognition also marks Redknee's achievement of Platinum level status, which is only awarded to companies who have won the award for six consecutive years.

We are extremely proud to achieve Deloitte's Platinum level as one of Canada's 50 Best Managed Companies. I want to thank our employees and customers who helped us reach this achievement. This award recognizes the solid foundation that we have built this company upon - strong employees, a global customer base, and a clear growth strategy, says Redknee's CEO Lucas Skoczkowski.

Canada's 50 Best Managed Companies is the Country's leading business awards program that recognizes excellence in Canadian-owned and managed companies with revenues over $10 million. The awards measure success of a company beyond its financial performance, assessing the overall business performance and sustained growth of the organization. Sponsored by Deloitte, CIBC Commercial Banking, National Post and Queen's School of Business, the awards are judged by an independent panel who select the final 50 award winners.

We would like to congratulate Redknee's induction to the Platinum Club. For the past six years, Redknee has shown that it has a strong management team and strategy that will help it continue to excel in the future. We are pleased to add Redknee to our list of top Canadian companies that are excelling in the global economy, says John Hughes, Partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program.

The award recognition rounds up a solid 2008 performance by Redknee. Highlights for the year include reporting year-end September 30, 2008 revenue up 31% to $50.7 million; adding over 20 new operators to its customer base from across all of its addressable markets, while increasing its market share by 38%; successfully completing the acquisition of Argent Networks; securing a US$10 million dollar line of credit, and listing on the TSX exchange. As Redknee marks its 10th anniversary in 2009, it continues to gain market share in the high growth regions of Africa, the Middle East Asia Pacific, while continuing to focus on its growth segments of Tier-1 operators in Europe and North America.

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 lifetime 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/AIM: 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/

About Canada's 50 Best Managed program:

Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Re-qualified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years.) Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business.

For further information, visit http://www.canadas50best.com. For additional information please contact: 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 Nomad: Canaccord Adams Limited Ryan Gaffney/Andrew Chubb +44(0)207-050-6500 Fabrice de Dongo Deloitte Media Relations +1-416-874-3249 fdedongo@deloitte.ca Financial Public Relations : Jeremy Garcia Buchanan Communications +44(0)20-7 466-5000 jeremyg@buchanan.uk.com Redknee Solutions: Colley Clarke, Chief Financial Officer +1-905-625-2604 colley.clarke@redknee.com

For additional information please contact: 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; Nomad: Canaccord Adams Limited, Ryan Gaffney/Andrew Chubb, +44(0)207-050-6500; Fabrice de Dongo, Deloitte Media Relations, +1-416-874-3249, fdedongo@deloitte.ca; Financial Public Relations : Jeremy Garcia, Buchanan Communications, +44(0)20-7 466-5000, jeremyg@buchanan.uk.com; Redknee Solutions: Colley Clarke, Chief Financial Officer, +1-905-625-2604, colley.clarke@redknee.com