Redknee Signs Multi-Million Dollar Converged Billing Expansion in APAC
TORONTO – December 5, 2013: Redknee (TSX:RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to report that it has signed a multi-million dollar deal for its converged billing and charging solution with one of APAC’s largest mobile operators. This additional deal with an acquired customer enables the operator to deliver innovative data services, an advanced customer experience and launch new revenue streams to its subscriber base of more than 50 million subscribers.
Part of Redknee’s portfolio of highly scalable and flexible billing, charging, policy management and customer care solutions for communications service providers, charge@once unified is enabling the operator to lower its total cost of ownership, increase its operational efficiency and provide the highest resilience capabilities through advanced geo-redundancy with a simplified handling based on a centralized and highly scalable database solution. The out-of-the-box solution also provides the operator with fast time-to-market to launch new services due to the hundreds of pricing plans, promotions and marketing campaigns available within the integrated product catalog. In addition, Redknee will enable the service provider to advance the customer experience through personalized offers and promotions, new pricing and tariff options, real-time notifications, and customer self-care.
Lucas Skoczkowski, CEO at Redknee commented:
“This additional multi-million dollar deal demonstrates the increasing footprint of Redknee’s software within Tier 1 operators. The additional functionality of our integrated solution is enabling our customers to support innovation for their go-to-market strategy, to deliver new services to their subscribers and to increase operating leverage in their business. At Redknee, we continue to invest in scalable and flexible real-time monetization and subscriber management solutions to enable all communications service providers to achieve the benefits of a next generation end-to-end billing, charging, policy management, analytics and customer care platform.”
Redknee supports communications service providers (CSPs) 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 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 policy 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. Available on-premise, cloud-based and as a Software-as-a-Service offering, 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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