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Redknee Advances Position in Gartner IRCM Magic Quadrant

TORONTO – November 04, 2014 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has increased its position in Gartner’s 2014 Magic Quadrant report on Integrated Revenue and Customer Management (IRCM) for Communications Service Providers (CSPs). The report advises CSP CIOs looking for commercial off-the-shelf software packages that address business-critical revenue and customer management processes.

Gartner’s 2014 Magic Quadrant for IRCM evaluates solutions suites that provide billing, customer care, rating, charging, pricing, partner relationship management, policy management, mediation, self-service and analytics for CSPs. In the report, Gartner profiled Redknee’s broad based product portfolio that incorporates all IRCM components for CSPs. With Redknee’s real-time converged charging, policy management, billing and customer care solutions, CSPs can benefit from a modular, out-of-the-box, end-to-end solution that addresses activation and provisioning, to real-time billing, charging, rating, invoicing, promotions, analytics and business intelligence, partner/channel management, and full customer care capabilities.

Redknee’s flexible and scalable solution can be delivered as a cloud model, Software-as-a-Service or on-premise, providing fast time to market and a low risk investment strategy for service providers of all sizes in the communications and connected industries who want to increase revenues, improve profitability and provide an advanced retail experience. Redknee’s customers include Vodafone Group, AT&T, Vodacom Group, Smart PLDT, and many others.

Lucas Skoczkowski, Redknee’s CEO commented:
“The elevation of Redknee’s position in Gartner’s Magic Quadrant is demonstrative of our ongoing strategy to equip service providers with innovative billing and customer care solutions that supports their growth and profitability strategies. In addition, the increase attests to Redknee’s continued momentum in the market, and our ability to diversify into new vertical markets such as utilities and transportation. Through Redknee Unified we deliver a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.”

Redknee enables communications service providers (CSPs) s to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation and provisioning, to supporting 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 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 solution 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.

Magic Quadrant Disclaimer:
Gartner “Magic Quadrant for Integrated Revenue and Customer Management for CSPs” by Norbert J. Scholz, Kamlesh Bhatia, Jouni Forsman, October 2014.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Media Enquiries: media@redknee.com

About Redknee:
Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions, including real-time billing, charging, policy and customer care modules, which allow Communications Service Providers to charge for things in new and innovative ways and create a unique user experience. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries.

References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.

For additional information please contact:

Redknee Solutions:
Michaela Radman, Corporate Communications
Michaela.Radman@redknee.com
+1 905 625 2190

Investor Relations:
Conrad Seguin
NATIONAL | Equicom
T: (416) 586-1951
cseguin@national.ca