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Redknee signs agreement with Telekom Austria Group

Total Telecom

Total Telecom

February 19, 2014 Redknee Solutions Inc., a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that it has signed a multi-year global framework agreement, worth more than $6 million USD, where Redknee will support Telekom Austria Group in Europe. Redknee’s flexible and highly scalable solution will enable the group operator to improve operational efficiency and advance its market position. This agreement demonstrates Redknee’s expertise and capabilities to address the needs of group operators and their growth strategies.

Leveraging Redknee’s real-time billing, charging and customer care solution, Telekom Austria Group will be enabled to provide a superior customer experience. Redknee’s real-time solution provides group operators with the ability to converge all of its systems, including voice, messaging, data, mobile and fixed lines, to gain simplicity and transparency to charge and bill for any transaction regardless of the payment method. In addition, with Redknee’s modular solution, group operators can launch multi-country operations quickly and with a low total cost of ownership.

Günther Ottendorfer, CTO at Telekom Austria Group, commented:
“This strategic deal is part of Telekom Austria Group’s objective to expand our presence in existing markets by delivering differentiated communications solutions to our customers. With Redknee, and its market-leading real-time billing and charging solution, as a critical player to our strategy, we are confident we will achieve our goals now and in the future.”

Lucas Skoczkowski, CEO at Redknee commented:
“This strategic announcement with Telekom Austria Group further emphasizes Redknee’s expertise in providing Tier 1 operators and group operators with comprehensive real-time billing and customer care solutions. Redknee is pleased to support leading group operators through our ongoing investment of our market-leading real-time converged billing and charging solution.”

Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee’s software enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers’ usage, preferences, and integration with 3rd party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee delivers a complete monetization and subscriber management solution to more than 200 CSPs, including some of the largest Tier 1 operators in the world.

To read the online version, please click here.
Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world for communications service providers. Our market-leading portfolio of monetization and subscriber management solutions includes real-time billing, charging, policy and customer care modules and is available on premise, cloud-based, or as Software-as-a-Service. With a central focus on driving customer success, Redknee's products power growth and innovation for operators globally. Established in 1999, Redknee Solutions Inc. (TSX: RKN) can be found on the Toronto Stock Exchange. For more information about Redknee, please go to www.redknee.com.


For additional information please contact:

Redknee Solutions:

Kristin Donelson
Kristin.Donelson@redknee.com
+1 905 625 2190

Investor Relations:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427
kthissen@national.ca