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Redknee Provides Additional Information on its Strategic Plan

TORONTO, March 28, 2017 /CNW/ - Redknee Solutions Inc. ("Redknee" or the "Company") (TSX: RKN) today provided additional information on its previously announced Strategic Plan, which is aimed at creating a strong platform for long-term growth, simplified operations, and sustained profitability. The Company will also host a conference call to discuss the plan on March 29th, 2017 at 8:30 AM EDT. All interested parties are invited to join.

Danielle Royston, Redknee's Interim CEO, will be implementing a critical strategy from the ESW Capital playbook, the Customer Success program. In the ESW Capital model, long-term business health is predicated on most, if not all, of the installed base, as measured by revenue, indicating that their relationship with and investment in Redknee generates a positive return. Achieving this success level is critical to the model as it enables both installed base growth and creates a foundation to ultimately enable profitable new customer acquisition.

Ms. Royston's strategic customer success plan focuses on:

  • Investing in staffing a series of cross-functional strategic account teams to drive customer success with key accounts. Redknee expects that these teams will constitute 200 people in aggregate, most of whom are not currently with the company.
  • Redknee will invest approximately $100M in its R&D over a three year period from 2017 to 2019 to close product gaps associated with customer success issues.
  • Customer success will be the immediate business priority with a long term goal of 100% success.

Conference Call Details:


DATE:

Wednesday, March 29, 2017



TIME:

8:30  a.m. (EDT)



DIAL IN NUMBER: 

(647) 427-7450 
(888) 231-8191



CONFERENCE ID:

97971076

TAPED REPLAY:

(416) 849-0833 or (855) 859-2056
Available until 12:00 midnight (EST) Wednesday, April 5, 2017
Reference number: 97971076



LIVE WEBCAST:

www.redknee.com  or http://bit.ly/2nrTnIh

Webcast will be archived for 90 days



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