instagram icon
MENU menu icon

Redknee Solutions Responds to Crescendo Partners' Letter

TORONTO, Aug. 12, 2016 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, announced that it received a letter from Crescendo Partners on August 11, 2016 that was subsequently publicly disclosed by Crescendo Partners. In its letter, Crescendo Partners indicates that it is a significant shareholder of Redknee, and urges Redknee's Board of Directors to commence a process for the sale of Redknee.

Redknee is committed to building value for all shareholders, and to that end, will continue to execute its strategic plan and review alternatives available to it. Redknee is in the course of reviewing the letter from Crescendo Partners with its Board of Directors and advisers, and intends to invite Crescendo Partners to meet with Redknee representatives to obtain an understanding of its views.

Media Enquiries:

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

For additional information please contact:

Redknee Solutions:

Kristin Donelson
+1 905 625 2190

Investor Relations:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427