August 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Redknee Solutions Inc. (TSX: RKN), a provider of software and services for communications service providers, said that it plans to acquire privately-held Nimbus Systems, S.L. under an agreement between Redknee and Nimbus.

The acquisition is scheduled to close before September 30, 2010, subject to certain terms and conditions being met.

Redknee said that the acquisition of Spain-based Nimbus Systems will further strengthen its operating model and market share, particularly in global group operators, including Telefonica, Orange and Vodafone, while providing future opportunities to expand into the Latin American markets.

Established in 2001, Nimbus Systems has been engaged in analysis, control and management solutions, with a particular focus on customer relationship management systems and billing, rating and partner relationship management. According to Redknee, Nimbus currently supports more than 10 customers, including group operators Telefonica and Telia Sonera, and non-telecommunications clients, such as Santander, Spain's largest bank, and First Data, one of the world's leading transaction credit and loyalty card infrastructure companies.

Following the acquisition, Nimbus Systems' customers and employees will be integrated into Redknee's existing business with a view to leveraging Nimbus Systems' customer base, partner network and employees.

The two co-founders of Nimbus Systems will assume leadership roles in business line management with Redknee.

Canada-based Redknee provides communication software products, solutions and services offering converged billing, rating, charging and policy for voice, messaging and data services. The company serves more than 70 network operators in over 50 countries.

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