Leading EMEA Operator Renews Redknee Services to Support 4G/LTE Data Growth
TORONTO – June 12, 2013 Redknee Solutions Inc. (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has renewed a services and support contract with a leading national communications service provider (CSP) in the EMEA region. The renewal of this contract will enable the CSP to build on its 4G/LTE data growth strategy since launching new services in 2012. This continued investment by an acquired customer signifies Redknee’s ongoing commitment to support its customers with flexible and scalable monetization and subscriber management solutions to support their growth strategies.
In response to the rising demand for advanced data services in the region, the service provider continued its investment in Redknee’s charge@once solution in order to offer its subscribers a greater range of innovative and flexible value-added services and tariff models. Redknee’s charge@once is a next generation convergent charging, rating and billing system that offers service providers the flexibility and scalability to advance the subscribers experience through innovative services, real-time notifications and customer self-care options. Through a single, modular system, service providers can improve operational efficiency, reduce costs and build competitive advantage. charge@once is part of Redknee’s comprehensive portfolio of billing, charging, customer care and policy solutions for communications service providers.
Lucas Skoczkowski, CEO of Redknee commented:
“The increasing demand for data services is providing strong scope for competitive service providers to accelerate 4G services and launch innovative, personalized real-time offerings. This contract renewal by an acquired customer emphasizes the importance of Redknee’s solutions in facilitating communications service providers 4G/LTE data growth and monetization strategies. As the largest independent real-time monetization and subscriber management software company for the telecoms market, we will continue to invest in subscriber management and monetization solutions to enable service providers to increase revenues, grow profitability and advance the customer experience.”
Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and 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 payments solution. 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-premises, 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.
For more information about Redknee and its solutions, please go to www.redknee.com.
Certain statements in this document, including the ability of Redknee's products to allow the communications service provider to build on its 4G/LTE data growth strategy, 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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