Redknee Enables APAC Operator to Launch Innovative Services to its 35 Million Subscribers
TORONTO – October 17, 2013 Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that an acquired customer, and leading telecoms operator in APAC with over 35 million mobile subscribers, has signed a multi-million dollar contract for Redknee’s converged billing solution. Redknee’s converged billing solution enables the APAC operator to accelerate subscriber acquisition by providing new services and offerings. Following the completion of the recent acquisition by Redknee, this contract demonstrates the confidence in Redknee and its highly scalable and flexible monetization and subscriber management solutions for communications service providers (CSPs).
With the rise in data services and increasing competition in the APAC market, mobile operators are encouraging the adoption of more lucrative postpaid and data services by offering customized subscriptions to price-sensitive consumers. According to Business Monitor International (BMI), APAC operator strategies continue to focus on building the subscriber base, with the mobile market showing 10 percent year-on-year growth in 2013. Redknee’s converged billing solution enables the operator with a single platform to deliver innovative tariffs and price plans faster to the market on its 3G, 4G and LTE networks. Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee’s scalable solution supports operators to maximize the value of their network and efficiently maintain multi-party partnerships to meet their growth goals.
Lucas Skoczkowski, CEO at Redknee commented:
“By utilizing Redknee’s converged billing solution this leading APAC operator and acquired customer has the capability to quickly launch new services and offerings to attract new subscribers. With Redknee’s market-leading solutions, operators are able to manage the entire subscriber lifecycle from activation to customer care ensuring that they can provide the best customer experience while maximizing revenue. Redknee is committed to investing in monetization and subscriber management software to further advance our position as the provider of choice to more than 200 service providers across the world.”
Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers’ 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 provides one of the industry’s most comprehensive real-time converged billing, charging, customer care and payments solutions. 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. Redknee provides 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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