Redknee Recognized as Leading Canadian ICT Company
TORONTO – April 23, 2015 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has again advanced its position as one of the top Canadian ICT companies in the Branham Group annual listing. The Branham300 is the most comprehensive listing of publically traded and privately held IT companies in Canada, and Redknee has been recognized for its strong leadership and ability to successfully execute its growth strategy.
Ranked in the top 30 of 250 Canadian ICT companies, Redknee has excelled to achieve its highest ever ranking status since its inclusion in the listings. In FY 2014 Redknee reported increased revenue of $257.7 million, up 81% from $142.0 million in the previous year. Another significant highlight includes the launch of Redknee Unified, the latest release of Redknee's integrated charging, billing, policy management and customer care solution, designed to enable service providers in the communications and connected industries to create new revenue streams faster, and drive monetization through M2M and the evolving IoT market. In addition, Redknee is advancing its position as the provider of choice for real-time monetization and subscriber management solutions and is expanding into new vertical markets including utilities, smart cities and transportation.
Lucas Skoczkowski, Redknee’s CEO commented:
"Redknee is pleased to be acknowledge as a leading ICT company in Canada. Over the past year we executed our growth strategy by securing record license expansions, upgrades and support renewals across all of our markets. We announced the availability of our convergent software platform Redknee Unified, which supports the monetization of business models and future profitability in both our core communication business and non-telecom verticals. To once again be recognized as one of the elite technology companies is demonstrative of the value Redknee derives from its employees, customers and investors.”
The Branham300, now in its 22nd year, is widely considered to be the most comprehensive and trusted review of the Canadian ICT industry. The listing ranks the top 300 organizations operating in the Canadian ICT industry by gross revenue.
“Redknee consistently earns its place alongside the leaders in ICT companies in Canada due to its strong year-on-year performance and dedication to innovation at all levels. We congratulate Redknee on this distinction and eagerly anticipate its growth in the following year,” said Wayne Gudbranson, CEO of Branham Group.
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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