Redknee Selects Reksoft as Reseller in Russia

TORONTO, ON, CANADA and ST. PETERSBURG, RUSSIA – April 3, 2007 - Redknee (AIM : RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, and Reksoft, Russian systems integration company, 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.

Alexander Egorov, CEO at Reksoft commented:

“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 to increase the value of each subscriber.”

“Reksoft is thrilled to be working with Redknee. Both companies are dedicated to providing service innovation, excellence and value to the customer.”

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 added:

“Redknee is very excited to work with Reksoft as Russia is a very important high growth market to us. 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.”

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.

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 Reksoft:
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, Vympelcom. Further information at www.reksoft.com