Redknee Receives $6 Million Orders from Leading Global Group Mobile Operator
TORONTO – September 9, 2014 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has received $6 million in orders for software and services from a leading global group mobile network operator. The orders will support the operator to launch innovative data services and advanced customer care capabilities to enhance the experience of its customers.
Redknee’s converged solution addresses the full range of the mobile operator’s billing requirements. With Redknee, the operator is able to increase revenue and differentiation by offering its subscribers real-time targeted promotions, bundles, incentives 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.
Lucas Skoczkowski, Redknee’s CEO commented:
“Supporting this mobile operator’s growth strategy is testament to Redknee’s focus and ability to provide our communications service provider customers with the capabilities to efficiently manage their subscribers and service revenue through a centralized platform. Redknee will continue to invest in our market-leading, real-time converged charging, billing, policy management and customer care solutions to enable service providers and Tier 1 operators with a flexible, scalable solution to increase revenue, improve profitability and deliver an advanced customer experience.”
Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to supporting a 360 degree view of the customer’s 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 offers one of the most comprehensive real-time converged charging, policy management, billing and customer care solutions in the industry. 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-premise, cloud-based and as a Software-as-a-Service offering, Redknee delivers a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.
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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