Press Release

Redback Networks Teams with HP to Deliver Integrated Solution to Manage MPLS VPN Services for Next-Generation Networks 

SAN JOSE, Calif., November 28, 2005 – Redback Networks Inc. (NASDAQ: RBAK), a leading provider of next-generation broadband networking systems, today announced that it has created with HP an integrated solution for managing MPLS virtual private networking services. The solution combines the edge routing, Ethernet aggregation and subscriber management capabilities of the SmartEdge® Service Gateway, with the flexible management capabilities of the HP OpenView Service Activator, simplifying operations support system (OSS) integration and reducing time-to-market for new IP services.

“In order to take full advantage of advanced IP services, carriers will require integration of best-of-breed products with the OSS environment to enable customers to more effectively operate and deploy services in their networks,” said Paul Hughes, director of billing & payment applications at Yankee Group. “With the integrated Redback and HP solution, carriers can immediately deliver and manage MPLS VPN services, capitalizing on the potential revenue opportunity these in-demand services provide.”

HP OpenView Service Activator provides a sophisticated framework for the creation and activation of all types of services, regardless of the underlying network technology. Service Activator enables the creation and deployment of services rapidly, efficiently, and accurately, allowing service providers to reduce the cost and effort to bring in service revenue faster.

“With the continued deployment of service offerings, service providers face a major challenge managing the associated operating and integration costs. We are pleased to be working with Redback to enable service providers to streamline the deployment of value added services,” said Michele Campriani, director, Operations Solutions, Network and Service Provider Business, HP.

“As carriers deploy next generation networks, it is crucial that they have the tools for rapid service activation and management,” said Shailesh Shukla, vice president of strategy and business development at Redback. “The SmartEdge Service Gateway offers a wide range of service creation capabilities and subscriber information enabling service providers to differentiate their service offerings, billing strategy and reduce time to market,” he continues. “The integrated Redback and HP solution leverages these differentiating capabilities to provide a complete service management solution.”

The SmartEdge platform supports both Layer 2 and Layer 3 MPLS VPN services in conjunction with virtual routers to create a flexible and powerful service offering. Combined with HP’s OpenView Service Activator, Redback’s SmartEdge platform enable carriers to rapidly deploy and manage VPN services in any environment. MPLS VPN services can be delivered over ATM, Frame Relay, or Ethernet.

About Redback Networks
Redback Networks Inc., a leading provider of next-generation IP broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that can deliver simplified, personalized and portable subscriber services to consumers and businesses. The company's carrier-class, consumer-scale SmartEdge Router and Service Gateway platforms combine subscriber management, IP edge routing and Ethernet aggregation functions. In conjunction with the NetOp™ Element and Policy Manager platforms they provide a powerful, flexible infrastructure for managing both residential and business users and deploying a variety of value-added services.

Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs, service providers and ISPs. For more information, visit Redback Networks at www.redback.com.

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REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks’ expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding HP’s partnership with Redback utilizing the SmartEdge Service Gateway with the flexible management capabilities of the HP OpenView Service Activator, simplifying operations support system (OSS) integration and reducing time-to-market for new IP services and whether carriers can immediately deliver and manage MPLS VPN services, capitalizing on the potential revenue opportunity these in-demand services provide and whether HP’s OpenView Service Activator providing flexible management capabilities and reducing time to market for new IP services including the creation and deployment of services rapidly, efficiently, and accurately, allowing service providers to reduce the cost and effort to bring in service revenue faster. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to Redback Networks’ business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the most recent report on Form 10-K, Form 10-Q, Form 8-K, Redback’s Registration Statement on Form S-3 (File No. 333-114352), and amendments thereto, and the other reports filed from time to time with the SEC.