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Redknee Wins VoLTE Upgrade With Tier 1 Operator in Europe

TORONTO – August 10, 2016 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has won a multi-million dollar contract to upgrade a major Tier 1 communication service provider (CSP) in Europe to the latest release of the Redknee Unified Application Server, part of Redknee’s monetization and subscriber management suite. Redknee Unified is deployed in the CSP’s virtualized data center and supports more than 30 million subscribers. Redknee Unified Application Server provides open API’s to enable the rapid development of new applications. The upgrade enhances the solution with IMS, SIP, and Voice-over-LTE (VoLTE) support and improves the customer experience for the enterprise and consumer markets.

Communication service providers are moving quickly to adopt VoLTE, to migrate existing telco services, such as parallel ringing and call hunting, to SIP-based platforms, and to launch new and innovative services. To effectively compete in today’s market service providers must create and evolve their services quickly and cost effectively for enterprise and consumer markets, including such services as fleet management, prepaid Voice-over-LTE (VoLTE), and Internet of Things (IoT) applications.

The Redknee Unified Application Server provides a service creation environment (SCE) for a CSP to develop, augment, and roll out new services quickly. The platform enables service providers to generate new revenue sources across enterprise and consumer markets without the need for lengthy development cycles. Redknee’s Unified Application Server provides open API’s allowing service designers to implement solutions quickly and cost effectively. Using a common core framework, the applications work with any service in the operator’s product portfolio, including telephony, cable, VoLTE, Voice-over-Wifi (VoWIFI) and value-added services such as mobile TV and IoT. Redknee Unified is virtualized and cloud enabled, allowing the CSP to run the solution on its cloud platform and ensuring a low total cost of ownership.

Lucas Skoczkowski, Redknee’s CEO commented:
“Applications are shaping how we use and consume technology, with growing demand for new and innovative applications. In the communications market, applications are a differentiator - delivering additional functionality and improving the overall customer experience for enterprise and consumer customers. Service providers need to have a flexible and agile solution, like Redknee Unified, that is capable of supporting the creation and launch of innovative applications quickly and cost effectively. This win demonstrates Redknee’s capability to enable a Tier 1 CSP to enhance its competitiveness and achieve its business objectives.”


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:

Kristin Donelson
Kristin.Donelson@redknee.com
+1 905 625 2190

Investor Relations:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427
kthissen@national.ca