instagram icon
MENU menu icon

Redknee celebrates the inauguration of its new Bangalore office

TORONTO – March 23, 2016 - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and customer management software, is pleased to announce the inauguration of its new state of art Bangalore office. The new office features a modern work environment for Redknee’s team, designed on the tenets of open culture and team work. The inauguration of the Bangalore office took place today and was attended by dignitaries from Redknee’s customers and partners, and from the High Commission of Canada in India. The investment in this new facility re-iterates Redknee’s long term commitment to India, and the expansion of its development center to cater to growing global market needs.

The Asia-Pacific (APAC) telecoms market is experiencing significant growth in 3G and LTE services, driven by consumer demand for multimedia communication, consumption of Internet content and online commerce. Redknee’s expertise in revenue and subscriber management solutions support service providers in monetizing this growth in data services. The growth in the telecoms market is driving the expansion of the Indian BSS/OSS market, which is expected to reach an annual compound growth rate of 16%1 by 2020. Redknee’s expansion in Bangalore ensures that it has a strong local presence to capitalize on the rapid growth in the market.

Lucas Skoczkowski, Redknee's CEO commented:
“Redknee has maintained a strong presence across the Indian subcontinent for more than a decade. Redknee is pleased to continue this investment to maximize the value for our clients and business. With the APAC market transforming quickly, Redknee is well positioned to add value to the telecommunications industry and to continue to be a leading OSS/BSS provider. We are excited about the opportunity in the APAC market and are pleased to celebrate the inauguration of the Bangalore office with some of our most valued clients and dignitaries in the country.”

Greg Giokas, Consul General of Canada in Bangalore commented:
“Redknee is a winning combination of a global company able to leverage the strengths and resources of its operations around the world. We see tremendous growth potential in India, for Canadian companies like Redknee, driven by 4G/LTE services and investment in innovative areas such as ‘smart cities’ and the Internet of Things. With Redknee’s expansion in Bangalore, the company is well positioned to leverage the vibrant and entrepreneurial spirit of the city to drive further innovation to provide leading-edge solutions in this dynamic and growing market. We look forward to seeing Redknee’s continued success in the years to come.”


1www.tele.net.in 


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