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Redknee acquires Orga to boost billing offering

Telecoms.com

Telecoms.com

June 24, 2015 Canadian BSS company Redknee Solutions has announced it will be acquiring German converged billing specialist Orga Systems for €38 million to enhance its real-time monetization and subscriber management platform.

Redknee is positioning the move as complementary to its existing portfolio of real-time billing, policy and customer care products, as well as IoT monetization solutions. On top of the addition to its product portfolio, Redknee also gets customers in the telecoms, automotive, railway and energy industries as well as increased global reach.

“We are excited to add and welcome Orga Systems employees, customers, partners and software portfolio to the Redknee family,” said Lucas Skoczkowski, CEO of Redknee. “This acquisition combines two of the leading real-time monetization software companies. We are committed to ensuring the continued success of Orga’s customers, by delivering to them our market-leading technology and services capabilities.”

“As we move forward with the integration, we will leverage our combined product portfolio to expand and enhance our best-of-suite customer focused solutions. We will continue to focus on delivering innovative software solutions. We expect that this acquisition will be accretive and will advance Redknee’s strategy of being the largest independent provider of choice for real-time monetization and subscriber management software. Moreover, we expect that this will help us accelerate Redknee’s expansion into new vertical markets.”

Orga Systems is a private company and the deal is unlikely to raise any competition concerns, so it’s expected to complete before the year.

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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