Redknee’s Charging Solution Enables Tier 1 APAC Operator to Drive Data Revenue
TORONTO – October 31, 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 communications service provider (CSP) in APAC, and an acquired customer, has expanded its license for Redknee’s real-time charging solution. The Tier 1 CSP increased its software license in response to the accelerated growth of data usage in its market. This multi-million dollar contract highlights the success that Tier 1 customers are experiencing with the support of Redknee’s portfolio of monetization and subscriber management solutions.
Redknee’s converged charging solution provides Tier 1 CSPs with unparalleled flexibility to support their future growth and scalability needs. With Redknee, CSPs are enabled with simplicity and transparency to rate and charge for any voice, messaging or data transaction for prepaid and postpaid subscribers. Redknee’s comprehensive portfolio of billing, charging and customer care solutions is being utilized by more than 200 service providers, including some of the most recognized brands in the world.
Lucas Skoczkowski, CEO at Redknee commented:
“Asia is one of the most exciting markets in the world with recent reports by the GSMA showing that mobile revenue grew by more than 10% in 2012; making it the most valuable and fastest-growing regional mobile market in the world. This creates an ongoing opportunity for Redknee to expand our business in the region with our converged platform, which includes charging, policy and analytics, at the core of communications service providers’ data monetization strategies. Through our investment in our real-time converged billing and charging solution, Redknee is focused on driving innovation in the industry and solidifying our position as the real-time monetization software provider of choice for service providers across the world.”
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 enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. In addition, 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 provides a complete portfolio of monetization and subscriber management solutions for service providers across 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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