Redknee Signs Multiple Agreements with EMEA Group Operator
TORONTO – July 3, 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 it has signed multiple agreements with a leading group operator in EMEA. The multi-million dollar license and services agreements with the acquired customer will see Redknee enable the group operator to provide innovative products and services to customers across its subsidiaries and support its future growth strategy.
In response to the rising competition in the region, penetration of new smart devices, the uptake of social media and 3G/4G mobile Value Added Services, the group operator has increased its investment in Redknee’s highly flexible and scalable converged billing, charging and customer care solution. Redknee’s end-to-end real-time solution supports mobile network operators (MNOs), mobile virtual network operators/enablers (MVNO/Es) and other communications service providers (CSPs) across the world to deliver an advanced customer experience, increase revenues and improve profitability.
Lucas Skoczkowski, CEO at Redknee commented:
“The signing of a multi-million dollar deal with this acquired customer and leading group operator further demonstrates Redknee’s effectiveness and value to enable communications service providers to deliver innovative services to advance the customer experience and grow profitability. As the largest independent real-time monetization and subscriber management software company within the telecommunications market, we are focused on increasing our position as the provider of choice to over 200 service providers around the world.”
Available on-premises, cloud-based and as a Software-as-a-Service offering, 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’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.
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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