Redknee Renewal Enables Leading Tier 1 Operator in the Americas to Deliver Personalized Services
TORONTO – October 24, 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 a leading Tier 1 operator in the Americas has renewed its agreement for Redknee’s software. The multi-million dollar agreement will enable the Tier 1 operator to provide advanced services over its 4G LTE network. The renewal of this contract with an existing customer reaffirms Redknee’s expertise in supporting Tier 1 operators to provide personalized services, enhance the customer experience and accelerate their growth strategies.
Redknee’s converged billing and customer care solution is enabling the Tier 1 operator to continue to support its mobile subscribers with personalized and value added services. With Redknee, the operator provides a range of innovative data, voice and messaging services, including shared data plans, advanced pricing models, targeted promotions and bundles. With Redknee’s highly flexible and scalable solutions, operators are able to monetize and optimize the subscriber experience across the entire customer lifecycle, from activation to customer care, ensuring that they can provide the best customer experience while maximizing revenue. 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.
Lucas Skoczkowski, Redknee’s CEO commented:
“This renewal by a leading Tier 1 operator, and an existing customer in the Americas, is a strong demonstration of Redknee’s expertise and capability to support service providers to deliver advanced services and to monetize their next generation 4G/LTE investments. To support future growth in a highly competitive market, service providers need to be equipped to launch personalized services faster to the market and create new revenue streams through third-party content. Redknee will continue to invest in our market-leading real-time monetization solution to advance our position as the software provider of choice to communications service providers around the world.”
Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for 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 third-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.
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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