Redknee Ranked Among Fastest Growing Technology Companies in North America on the 2005 Deloitte Technology Fast 500
-- Attributes its 962 Percent Revenue Growth to Customer Focus and Innovation

TORONTO, CANADA – December 21, 2005 – Redknee today announced it ranked Number 183 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2000–2004. Redknee grew 962 percent during this period.

Lucas Skoczkowski, CEO of Redknee credits Redknee employees with the company’s impressive revenue growth over the past five years. “This ranking is in addition to recently reaching number 17 on the Deloitte Technology Fast 50 listing of Canadian companies. We are very proud to be recognized among the much greater number of organizations identified across North America. Every Redknee employee has helped to make our growth possible – it is truly a team effort.”

“Making the Deloitte Technology Fast 500 is a testament to a company’s commitment to technology,” said Tony Kern, deputy national managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. “With its 962 percent growth rate over five years, Redknee has proven that its leadership has the vision and determination to grow in difficult conditions.”

Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte’s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.

Entrants must be headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

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/.

About Deloitte
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