Redknee's Converged Billing Capacity Expansion Enables EMEA Operator to Accelerate Data Services Growth
Virtual Strategy MagazineNovember 7, 2013
TORONTO, ON -- (Marketwired) -- 11/07/13 -- Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that a leading EMEA mobile operator, and an acquired customer, has signed a multi-million dollar contract to expand licenses for Redknee's converged billing solution. This license capacity expansion reinforces Redknee's capabilities as one of the industry's leading providers of converged billing, charging, customer care and policy management solutions that support the aggressive 4G/LTE data growth strategies of service providers around the world.
As a leading provider of 4G/LTE services, the mobile operator is leveraging Redknee's converged billing solution to launch new data offerings, such as mobile TV and M2M communications, with innovative tariff models and value-added services. As the operator continues to roll out its 4G/LTE services, Redknee's solution will be essential to supporting the operator's priorities of delivering an advanced customer experience and increasing revenues.
Lucas Skoczkowski, CEO at Redknee, commented:
"The growing adoption of data services in EMEA is providing competitive service providers with a tremendous opportunity to generate new revenue streams through value-added services. This software license capacity expansion highlights both the value that Redknee is providing to communications service providers to monetize their next generation investments, as well as the confidence our customer base has in Redknee's leadership in the industry. Redknee will continue to invest in our market-leading portfolio in order to advance our position as the real-time monetization software provider of choice to communications service providers and other verticals around 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 Communications Service Providers (CSPs) to monetize and optimize the subscriber experience across the entire customer lifecycle. In addition, Redknee's highly scalable and flexible software 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.
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable service providers to monetize new services, business models and content and to deliver a comprehensive customer experience -- through either SaaS or on-premise based solutions. Redknee's revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 countries. 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.
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