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Redknee is an IIoT technology enablement platform processing 3 billion to 4 billion transactions every hour

Redknee

Redknee

March 1, 2016
Redknee Solutions (TSX: RKN) CEO Lucas Skoczkowski RCR Wireless News with an overview of how Redknee enables industrial IoT solutions as well as an update on the progress the company has made over the past year, inside and outside of the telecom sector.

Redknee said it added 45 customers through both organic growth and acquisitions, including the acquisition of Orga Systems, which provided Redknee with a product catalog and platform to expand outside of telecom into smart city, connected car and energy-as-a-service opportunities. For example, Redknee, with BMW as a lead customer, is evaluating connected car billing, charging and analytics opportunities. In addition, the company said it has a number of smart city and smart energy proof of concepts underway.

“Redknee is a technology enablement platform processing 3 to 4 billion transactions every hour” Skoczkowski said.  In November 2015, for example, Redknee announced enabling Dutch National railway infrastructure operator ProRail to increase reliability in network communications.

At the recent Mobile World Congress event, Redknee announced a new version release that includes “multi-play” video capability designed to enables charging on a packet or pay-per-view basis. The new release, Redknee Unified 2016, is geared toward helping communication service providers go through a digital transformation to access new markets with new services.

Ovum research analyst Chantel Cary said digital transformation “is an opportunity for telcos to evolve their service and product offerings, to meet customer demands and create an optimum customer experience. They must also achieve this while operating at internet-speed and thus real-time monetization platforms are critical to the success of any digital transformation strategy or agenda.”

Redknee Unified 2016 is a catalog-driven revenue management solution designed to support an omnichannel customer experience through an integrated product catalogue and order management.

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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