Redknee Signs $5 Million Dollar Deal to Support Tier 1 Group Operator in EMEA
TORONTO – March 11, 2014 Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that a leading group operator in EMEA has signed a services contract worth approximately $5 million dollars. With Redknee’s support, the group operator is able to launch innovative products, advanced data services and support its affiliates across the EMEA region. This contract highlights the confidence Redknee’s acquired service provider customers have in Redknee’s expertise and solutions to support their business and future growth strategies.
With Redknee, the group operator is able to utilize a highly flexible and scalable next generation, real-time end-to-end billing and customer care solution to improve operational efficiency and launch and monetize services faster in the market. Through Redknee, the group operator can effectively support its affiliates to deliver personalized offers, customer self-care and advanced tariff options to drive subscriber loyalty and enhance the customer experience. Redknee’s support is enabling the group operator to reduce costs, generate new revenue streams and increase its competitive position.
Lucas Skoczkowski, CEO at Redknee commented:
“The signing of the multi-million dollar deal with this Tier 1 group operator, and acquired customer, attests to Redknee’s capabilities and the momentum we are seeing in the demand for our services and support from our Tier 1 operators and communications service provider customers. Redknee will continue to invest in our comprehensive real-time billing and customer care solutions to support our customers’ ongoing growth.”
Redknee provides a complete portfolio of monetization and subscriber management solutions for communications service providers (CSPs) across the world. Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to supporting 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 offers one of the most comprehensive real-time converged charging, policy management, billing and customer care solutions in the industry. Redknee’s highly scalable and flexible solution enables CSPs to monetize third party relationships and content, support resellers and dealers and launch multi-country operations quickly, effectively and with a low total cost of ownership. Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee delivers a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.
Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements 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 providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.
Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee's products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at www.sedar.com and on Redknee's web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.
Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.
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