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Redknee puts Lebanon at the center of its Middle East growth strategy

TORONTO – September 18, 2015 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce an increase in its footprint in Lebanon. Over the coming year, Redknee will increase the number of Lebanese engineers it employs by more than 30% to further support the company’s aggressive growth strategy in the region. Redknee’s plan to expand across the regional territory will leverage Lebanon as its center of competence. 

Since the government reformed the telecommunications sector in 2009, the sector is in constant growth. The lowering of tariffs and other improvements led to an enhanced product selection and aggressive competition that managed to increase the penetration and subscriber growth. Redknee believes the Lebanese market has significant potential to become a leader in the region, especially as network operators are investing in the latest technologies and becoming very innovative in their offerings and customer engagement. 

Lucas Skoczkowski, Redknee’s CEO commented: 
“The communications market in the Middle East is one of the most dynamic in the world, with countries such as Lebanon, Saudi Arabia and Oman encouraging investment and innovation across the communications sector and Internet of Things (IOT). The Middle East continues to be important to Redknee and we are excited to increase our investment and focus in the region to support local communications providers achieve their aspirations and become market leaders.” 

Redknee enables communications service providers (CSPs) to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation and provisioning, to supporting a 360 degree view of the customer’s 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 solutions enable 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 250 service providers, including some of the largest Tier 1 operators in the world.

Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world for communications service providers. Our market-leading portfolio of monetization and subscriber management solutions includes real-time billing, charging, policy and customer care modules and is available on premise, cloud-based, or as Software-as-a-Service. With a central focus on driving customer success, Redknee's products power growth and innovation for operators globally. Established in 1999, Redknee Solutions Inc. (TSX: RKN) can be found on the Toronto Stock Exchange. For more information about Redknee, 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