Dec 9 (Reuters) - Redknee Solutions Inc RKN.TO :
* Redknee Solutions Inc - net proceeds of transaction will also be used to fund previously announced restructuring costs
* Redknee Solutions Inc - entered into an agreement with a subsidiary of Constellation Software Inc providing for an investment of US$80 million in Redknee
* Redknee Solutions- net proceeds of transaction to be used to repay indebtedness of about US$53 million under company's senior secured credit facility
* Redknee Solutions- pursuant to constellation agreement, Constellation's unit will be entitled to elect number of directors to be a majority of board
* Redknee Solutions Inc announces US$80 million private placement Source text for Eikon: ID:nCNWMXyL9a Further company coverage: RKN.TO