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APAC Operator Increases Investment in Redknee to Support LTE Launch

TORONTO – June 20, 2013 Redknee Solutions Inc. (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that an existing APAC customer has increased its investment in Redknee’s real-time billing and customer care solution in order to support the launch of its LTE services. The increase will enable the service provider to deliver new innovative data services faster to the market and advance the customer experience. Utilizing Redknee’s TCB solution, the APAC service provider will now also be able to offer its LTE subscribers with real-time promotions, enhanced customer care and hybrid payment options such as family or group account plans. The increased investment highlights Redknee’s commitment to support its communications service provider customers with flexible and scalable monetization and subscriber management solutions to support their growth strategies.


 

In response to its growing mobile and broadband market, the service provider has increased its investment in Redknee’s next generation convergent charging, rating and billing solution with integrated policy controls to support its customers’ data usage and launch 4G/LTE services. The launch will enable the service provider to monetize innovative data services and deliver targeted promotions, bundles and incentives to subscribers from the real-time, convergent billing and customer care solution.  


 

Lucas Skoczkowski, CEO of Redknee, commented:

“This increased investment from an existing customer is a tribute to Redknee’s ability to provide communications service providers with the capabilities to deliver innovative personalized offers and services, to generate new revenue streams and drive their growth strategy. Redknee is committed to invest in our market-leading real-time converged billing and charging solution to become the most compelling provider of choice for more than 200 service providers across the world.”  


 

Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and service providers across the world. 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-premises, cloud-based and as a Software-as-a-Service offering, Redknee provides a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.


 

For more information about Redknee and its solutions, please go to www.redknee.com.


 

Forward-Looking Statements

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.


Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions, including real-time billing, charging, policy and customer care modules, which allow Communications Service Providers to charge for things in new and innovative ways and create a unique user experience. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries.

References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.

For additional information please contact:

Redknee Solutions:
Michaela Radman, Corporate Communications
Michaela.Radman@redknee.com
+1 905 625 2190

Investor Relations:
Conrad Seguin
NATIONAL | Equicom
T: (416) 586-1951
cseguin@national.ca