TORONTO, February 16, 2010 /PRNewswire/ -- Redknee a leading provider of business-critical software and solutions for communications service providers, is pleased to announce that it has been named one of Canada's 50 Best Managed Companies by Deloitte. Last year Redknee was awarded the Award's Platinum level. This year's award marks the company's eighth year as a winner.

Lucas Skoczkowski, CEO of Redknee, commented:

To qualify for our status as one of Canada's 50 Best Managed Companies for eight consecutive years is a significant achievement for us. This would not have been possible without the help and dedication of our employees and valued customers, as well as support of our investors. The stringent business processes we put in place prepared the company for the challenging economic and market conditions that the industry experienced throughout last year. With a disciplined growth strategy, an expanding global customer base and a team of highly skilled employees, we look to build on our success in 2010 and beyond.

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.

John Hughes, Partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program, commented:

We congratulate Redknee on its continued success in the awards program and maintaining its position as a Platinum Club member. Redknee continues to exemplify its excellence in strategy, capability, and commitment to its employees, customers and community and therefore thoroughly deserves its inclusion amongst this year's elite.

The award follows a solid performance by Redknee in 2009. Highlights of the year include reporting year-end September 30, 2009 revenue growth to $53.3 million with a strong gross margin of 78%, EBITDA of 12% and strong cash position of $25.8 million. Redknee secured six new customers and continues to gain major market share across Americas, APAC and EMEA.

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.

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 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. 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.

For further information: Media Relations Contact: Rachael Parker, Mi liberty, +44-(0)20-7751-4444, rparker@miliberty.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-(905) 625-2943, david.charron@redknee.com; Investor Relations: Isabel Fernandes-Cunha, +1-(905) 625-2421, isabel.fernandes@redknee,com or investor_relations@redknee.com; Humera Malik, Director of Marketing, +1-(905) 625-2102, humera.malik@redknee.com

SOURCE: Redknee

CONTACT: For further information: Media Relations Contact: Rachael Parker,Mi liberty, +44-(0)20-7751-4444, rparker@miliberty.com; Redknee Solutions:David Charron, Chief Financial Officer, +1-(905) 625-2943,david.charron@redknee.com; Investor Relations: Isabel Fernandes-Cunha,+1-(905) 625-2421, isabel.fernandes@redknee,com orinvestor_relations@redknee.com; Humera Malik, Director of Marketing,+1-(905)625-2102, humera.malik@redknee.com