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Redknee Lands $9 Million Order in APAC

Billing & OSS World

Billing & OSS World

June 13, 2014

Toronto-based Redknee, which last year acquired then-Nokia's BSS business, has signed a $9 million dollar deal with a tier-one operator in Asia Pacific.

The contract with the unnamed operator – which has 35 million mobile subscribers – increases software licenses, services and support, part of the service provider’s strategy to support the growth of its 4G/LTE network.

Redknee says the CSP will generated new revenue streams, launch innovative data services faster to market and enrich the customer experience with personalized offers, real-time notifications and customer self-care — all with the help of Redknee’s integrated charging, billing, policy management and customer care solution.

Lucas Skoczkowski, CEO at Redknee, commented:
“As an increasing number of subscribers migrate to LTE services, we see the opportunity to further grow with this customer as they expand Redknee software licenses," said Redknee CEO Lucas Skoczkowski. “Furthermore, the Asia Pacific region is projected as having the highest adoption of data services and fastest LTE migration, which presents a great growth opportunity for Redknee to expand the presence of our integrated charging, billing, policy management and customer care platform.

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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

For additional information please contact:

Redknee Solutions:

Kristin Donelson
+1 905 625 2190

Investor Relations:
Katelynn Thissen
NATIONAL | Equicom
T: (416) 848-1427