Redknee Signs $8 Million Dollars of Orders with Operator in the Americas
TORONTO – September 17, 2014 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that a leading communications service provider (CSP) in the Americas region, has signed orders worth more than $8 million dollars. These new service agreements will enable the CSP to launch innovative data services and increase its competitive position in the market. Redknee supports more than 200 communications service providers and Tier 1 operators across the world to monetize digital services and increase profitability.
With Redknee’s support, the CSP is able to improve operational efficiency, reduce costs, and launch a wide range of advanced mobile services from a converged monetization platform. Redknee’s industry-leading convergent charging solution enables the CSP to deliver personalized offers, distinctive price plans and tariffs, real-time notifications and customer self-care. The CSP can utilize Redknee’s highly flexible and scalable solution to enhance the customer experience and provide differentiated services quickly into a competitive market.
Lucas Skoczkowski, CEO of Redknee, commented:
“We are pleased to support this leading service provider, an affiliate of a global group operator, to monetize its next generation services and offerings. These orders demonstrate the confidence Redknee’s customers have in our capabilities and solutions to support their data monetization strategies. Redknee’s continued commitment to invest in our real-time software will ensure that our customers are the best equipped in the industry to increase revenues, 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 customers’ usage, preferences, and integration with third 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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