O2 Ireland Deploys Redknee's VPN Solution to Successfully Address the Business Services Market

Redknee’s VPN solution enabled innovative network operator O2 Ireland to tap into a new market segment to capture business customers while generating cost savings

TORONTO, CANADA – August 5, 2004 – Redknee Inc., a leading global provider of communication software to wireless network operators, announced today the commercial deployment of the Synaxis™ VPN solution for O2 Ireland which is part of the mmO2 Group. Redknee’s market-leading solution has been deployed since April 2003 to enrich the features offered by O2’s existing legacy VPN, enabling O2 Ireland to offer enhanced VPN services to their customers. Since the launch of VPN, O2 Ireland has experienced continuous growth in business customers, who have recognized the benefits that O2’s new innovative service brings to their businesses.

Redknee’s VPN solution benefits businesses, their employees, and mobile operators. “Companies can decide which mobile services will be paid for by employees from their personal accounts, generating costs savings,” explains Oliver Coughlan, CTO of O2 Ireland. “In addition, we have lowered operational costs and improved the subscriber experience with Redknee’s web-based service management solution.”

“Redknee is proud to provide a scalable and cost-effective OSA-based VPN solution for O2 Group Worker in Ireland,” says Chris Newton-Smith, Redknee’s VP of Global Sales. “O2’s business customers can fully leverage the advanced features of the solution including prepaid accounts for premium services, simplified service configuration via a Web GUI, and short code dialing among subscribers.”

Redknee’s Synaxis™ VPN solution provides full support for integration with SMS, Multicard, and other Redknee solutions. Our value-added platform interworks with Prepaid and other intelligent network (IN) services, as well as uses secure and robust interfaces for the intelligent network, while minimizing the impact on existing network infrastructure. The Synaxis™ VPN solution is currently being deployed in top tier networks globally and is available now for order and timely delivery.

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 60 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc.(RKN : AIM) 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/.