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Redknee Supports APAC 3G Operator Growth Strategy with Capacity Expansion

TORONTO – July 17, 2013 Redknee Solutions Inc. (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers (CSPs), is pleased to announce that an acquired customer from APAC has signed a multi-million dollar deal to increase its software license capacity for Redknee’s converged billing and charging solution. This deal, which includes professional services, signifies the value Redknee provides to Tier 1 operators and CSPs in support of their aggressive data growth strategies.

 

In order to support its customer base of more than 25 million subscribers, the service provider required a flexible next generation convergent charging, rating and billing system that would enable it to deliver and monetize differentiated services to its customers. With the license capacity increase and support of Redknee’s professional services organization, the service provider can continue to expand its 3G network coverage and provide flexible value-added services (VAS), tariff models and personalized offerings to enhance the customer experience and increase its subscriber base.

 

Lucas Skoczkowski, CEO of Redknee commented:

“The increasing adoption of data services in the APAC market is providing competitive service providers with opportunities to deliver innovative personalized services to advance the customer experience and to generate profitability. This multi-million dollar deal with an acquired customer affirms Redknee’s expertise and capability to support our communications service provider customers with a complete portfolio of monetization and subscriber management solutions to achieve their current and future business requirements. As one of the largest independent real-time monetization and subscriber management software companies for the telecoms market, we will continue to invest in monetization and subscriber management solutions to further advance our position as the provider of choice to more than 200 service providers, including some of the largest Tier 1 operators across the world.”

 

Available on-premise, cloud-based and as a Software-as-a-Service, 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 enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing 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 provides one of the industry’s most comprehensive real-time converged billing, charging, customer care and payments solution. 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.

 

For more information about Redknee and their 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 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