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Redknee Signs a Multi-Million Dollar Cloud Deal in LATAM

TORONTO – October 25, 2016 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has won a multi-year monetization solution contract for a major retailer in Latin America (LATAM) valued at more than $5 million dollars. The solution will be delivered from the Redknee Cloud to provide the leading retailer with an enhanced real-time, end-to-end cloud-based monetization solution. The solution will improve charging and policy functionality, allowing for the easier launch of tailored promotions and sales initiatives to improve the retailer’s competitiveness. This deal highlights the growing demand for solutions delivered from the Redknee Cloud, as service providers seek fast and agile solutions that solve enterprise complexities associated with existing business models, legacy systems and investments.

The Redknee Cloud platform offers the rapid deployment of real-time monetization and subscriber management solutions, including integrated billing, charging, analytics and customer care functions to support the fast onboarding of customers and the launch of innovative offerings. The Redknee Cloud offers a low-risk business model with minimal initial investment and the flexibility to expand the platform as subscriber numbers increase. By combining the Redknee Cloud with Redknee consulting services, communication service providers can focus on sales, marketing, and creating competitive advantage.

Lucas Skoczkowski, Redknee’s CEO commented:
“Redknee continues to see growth opportunity in Latin America as service providers adopt solutions that allow them to deliver real-time service offerings, promotions and customer care capabilities in a highly competitive environment. This deal signifies the growing demand Redknee’s agile, cloud-based solutions that can be quickly deployed to improve competitiveness and deliver business results. Redknee is pleased to support this Latin American retailer with the expansion of their brand and customer base to grow revenues and profitability.”

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