instagram icon
MENU menu icon

Redknee's Converged Billing Solution Supports EMEA Operator to Expand Growth Strategy

MENAFN.COM

MENAFN.COM

September 19, 2013 TORONTO, ON, Sep 19, 2013 (Menafn - Marketwired via COMTEX) --Redknee Solutions Inc. , a leading provider ofbusiness-critical billing and charging software and solutions forcommunications service providers (CSPs), is pleased to announce thatan acquired customer in EMEA has signed a multi-million dollarcontract for Redknee's converged billing and charging solution. Withthis deal, Redknee's converged billing and charging solution willsupport the operator to cater to the rising demand for value-addedand 4G LTE services. Analysys Mason recently reported that mobilebroadband continues to drive investment in new systems across allregions and market types, leading to the convergent billing sectorachieving 22 percent growth from 2011 to 2012.

Redknee is supporting the EMEA operator to provide differentiatedservices and an advanced customer experience through value-added dataservices, personalized offers, new pricing and tariff options,real-time notifications, and customer self-care. With Redknee'ssolution, the operator is able to build its competitive advantage,deliver an enhanced subscriber experience and accelerate its growthstrategy. Available on-premise, cloud-based and as aSoftware-as-a-Service offering, Redknee provides a completemonetization and subscriber management solution to more than 200service providers, including some of the largest Tier 1 operators inthe world.

Justin van der Lande, Programme Head for Revenue Management atAnalysys Mason, commented: "LTE roll-out is often used as anopportunity to refresh revenue management systems due to the need tobetter monetize data and support offers such as family plans, tieredpricing and content or application based quality of experience. Thesemonetization drivers coupled with the need to reduce costs led to theconvergent billing and customer care segments experiencing thefastest growth within the BSS market in the past 12 months."

Lucas Skoczkowski, CEO at Redknee, commented: "This multi-milliondollar contract with this acquired customer and associated groupoperator reinforces Redknee's capability and expertise to support ourcommunications service provider customers with a comprehensiveportfolio of billing, charging, policy and customer care solutions.Redknee is committed to its customers and will continue to invest inour market-leading real-time converged billing and charging solutionto support their growth strategies."

Redknee enables CSPs to monetize and optimize the subscriberexperience across the entire customer lifecycle. From activation toprovisioning, to providing a 360 degree view of the customers' usage,preferences, and integration with 3rd party social media sites, toempowering customers with self-care tools and the ability to pay forservices on the go, Redknee provides one of the industry's mostcomprehensive real-time converged billing, charging, customer careand payments solution. Redknee's highly scalable and flexiblesolution enables CSPs to monetize third party relationships andcontent, support resellers and dealers and launch multi-countryoperations quickly, effectively and with a low total cost ofownership.

Forward-Looking Statements Certain statements in this document mayconstitute "forward-looking" statements which involve known andunknown risks, uncertainties and other factors which may cause ouractual results, performance or achievements, or industry results, tobe materially different from any future results, performance orachievements expressed or implied by such forward-looking statements.When used in this document, such statements use such words as "may,""will," "expect," "continue," "believe," "plan," "intend," "would,""could," "should," "anticipate" and other similar terminology.Forward-looking statements are provided for the purpose of providinginformation about management's current expectations and plansrelating to the future. Persons reading this news release arecautioned that such information may not be appropriate for otherpurposes.

Such forward-looking statements include the statements regardingfinancial and other projections as well as statements regardingRedknee's future plans, objectives or performance for the currentperiod and subsequent periods and regarding the markets for ourproducts. These statements reflect current assumptions andexpectations regarding future events and operating performance andspeak only as of the date of this document. Forward-lookingstatements involve significant risks and uncertainties, should not beread as guarantees of future performance or results, and will notnecessarily be accurate indications of whether or not such resultswill be achieved. A number of factors could cause actual results tovary significantly from the results discussed in the forward-lookingstatements, including, but not limited to, the inability of Redknee'sproducts to perform as expected, a material adverse change in theaffairs of Redknee, and the factors discussed under the "RiskFactors" section of Redknee's most recently filed AIF which isavailable on SEDAR at www.sedar.com and on Redknee's web-site atwww.redknee.com. Other unknown or unpredictable factors or underlyingassumptions subsequently proving to be incorrect could cause actualresults to differ materially from those in the forward-lookingstatements.

Although the forward-looking statements contained in this documentare based upon what Redknee believes are reasonable assumptions,Redknee cannot assure investors that our actual results will beconsistent with these forward-looking statements. Redknee assumes noobligation to update or revise these forward-looking statements toreflect new events or circumstances, except as required by securitieslaw.

About Redknee Redknee is a leading global provider of innovativecommunication software products, solutions and services. Redknee'saward-winning solutions enable service providers to monetize newservices, business models and content and to deliver a comprehensivecustomer experience. Redknee's revenue and subscriber managementplatform provides innovative converged billing, charging, customercare, and payments solutions for voice, messaging and data servicesto over 200 service providers in over 90 countries. Established in1999, Redknee Solutions Inc. is the parent of thewholly-owned operating subsidiary Redknee Inc. and its varioussubsidiaries. References to Redknee refer to the combined operationsof those entities. For more information about Redknee and itssolutions, please go to www.redknee.com.

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