O2 Ireland Selects Redknee mCommerce Gateway

TORONTO, CANADA – February 7, 2006 – Redknee Inc., a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, today announced it has secured a contract from O2 Ireland. Redknee’s mCommerce Gateway (MCG) provides O2 Ireland customers with the ability to make mobile payments for i-mode subscriptions, content and media using their mobile handsets.

O2 Ireland, a leader in mobile telecommunications that provides a wide range of communication services in Europe, will be the first operator in Ireland to enable its subscribers to make flexible and convenient mobile payments with the ability to manage and control expenditures. O2 Ireland is using Redknee’s MCG to handle payments for all subscriptions to O2’s many i-mode partners.

Redknee’s MCG provides a secure interface for managing multiple content partnerships, accepting credit and debit cards, pre- and post-paid accounts, using authentication methods for both the subscriber and merchant, and allows both the operator and subscriber to define monthly maximum limits for mobile retail spending.

“The intersection of mobility and retailing creates a significant opportunity for carriers to generate new sources of revenue, while providing subscribers convenient purchasing services for today’s fast-paced world,” said Lucas Skoczkowski, CEO of Redknee. “O2 is the latest of our customers who have demonstrated a strong commitment to the success of mobile commerce, and we are pleased they chose Redknee to provide the necessary critical software infrastructure."

MCG is now in live operation, handling payments for O2 Ireland’s i-mode service, which was launched in October 2005.

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/.