Redknee Receives $9 Million Dollar Order from Tier 1 Operator in Asia Pacific
TORONTO – June 12, 2014 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that a leading communications service provider (CSP) in Asia Pacific has signed a $9 million dollar agreement with Redknee to increase its software licenses, services and support. The increase is part of the CSP’s strategy to support the growth of its 4G/LTE network. This significant agreement highlights Redknee’s expertise and capability to support the growth and profitability of Tier 1 CSPs across the world.
The CSP utilizes the Redknee Unified product to enhance the experience for over 35 million mobile subscribers and advance its market-leading position. With Redknee’s integrated charging, billing, policy management and customer care solution, the CSP is able to generate new revenue streams, launch innovative data services faster to the market and enrich the customer experience with personalized offers, real-time notifications and customer self-care. Redknee’s highly scalable and flexible solution empowers service providers’ with the agility to manage the complexities of its data network, improve the user experience, increase profitability, and create new business models quickly and cost efficiently.
Lucas Skoczkowski, CEO at Redknee, commented:
“This multi-million dollar agreement with a Tier-1 service provider emphasizes Redknee’s ability to support our customers with innovative solutions to enable their LTE roll-out. As an increasing number of subscribers migrate to LTE services, we see the opportunity to further grow with this customer as they expand Redknee software licenses. Furthermore, the Asia Pacific region is projected as having the highest adoption of data services and fastest LTE migration, which presents a great growth opportunity for Redknee to expand the presence of our integrated charging, billing, policy management and customer care platform. Redknee supports over 200 service providers from around the world and will continue to invest in our real-time software to advance our position as the provider of choice for monetization and subscriber management solutions.”
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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