Redknee Signs $5 Million Converged Charging Order with EMEA Multi-Play Provider

TORONTO, Jan. 22, 2014 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that it has signed a support and services contract renewal worth $5 million with a leading EMEA multi-play service provider. The renewal, which supports the multi-play provider's 20 million customers, reflects Redknee's focus and commitment to support the growth strategies of its combined customer base with highly scalable and flexible billing, charging, policy management and customer care solutions.

Lucas Skoczkowski, CEO at Redknee commented: 

"This multi-million dollar support and services order with an acquired customer highlights Redknee's capability to support the growth strategies of multi-play service providers. With Redknee, the service provider has the agility to launch services faster to the market, generate new revenue streams and provide a better multi-channel customer experience. As the industry's largest independent provider of converged billing and charging solutions, we will continue to invest in our market-leading portfolio to support the most innovative and fastest growing service providers in the world."

Redknee provides a complete portfolio of monetization and subscriber management solutions for communications service providers (CSPs). 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 most comprehensive real-time converged charging, policy management, billing and customer care solutions in the industry. 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-premise, cloud-based and as a Software-as-a-Service offering, Redknee's customers include more than 200 service providers, including some of the largest Tier 1 operators in the world.

Forward-Looking Statements
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.

About Redknee
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.

SOURCE Redknee Solutions Inc.

For further information:

Redknee Solutions:

Ashleigh Young, Corporate Communications
Ashleigh.young@redknee.com
+1 905 625 2733

Investor Relations: 

Craig Armitage
TMX Equicom
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carmitage@tmxequicom.com

Robert Kelly
TMX Equicom
T: (416) 815-0700 ext. 253
rkelly@tmxequicom.com