Redknee Renewed by Operator in the Americas to Support Growth Strategy
TORONTO –October 10, 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 its multi-million dollar care contract with a communications service provider (CSP) from the Americas region. The continuation of Redknee’s care will support the CSP’s drive to be the number one provider of communications services in its market.
Operating in a highly competitive market, the service provider required a solution that would enhance the customer experience and provide a competitive advantage. The service provider’s ongoing investment in Redknee will enable it to improve operational efficiency, reduce costs, and launch a wide range of advanced mobile services from a converged platform. Redknee’s next generation, real-time converged billing and customer care system will allow the service provider to deliver personalized offers, distinctive price plans and tariffs, real-time notifications and customer self-care. The service provider can utilize Redknee’s highly flexible and scalable solution to charge and bill for content, voice and data services for its prepaid and postpaid subscribers.
Lucas Skoczkowski, CEO at Redknee commented:
“This contract renewal by our acquired customer in the Americas is demonstrative of the rising uptake of mobile data services and highlights the value that our solutions are providing to competitive communications service providers to monetize their next generation investments. Our commitment to support our customers’ future growth through our investment in our product roadmap and the services and support we deliver are key to our strategy to increase our position as the provider of choice to more than 200 service providers around the world.”
Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for communications 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 maintain its market share leadership, 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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