Redknee and Wipro Sign MoU to Offer Comprehensive Solutions to Support the Digital Transformation

TORONTO, Feb. 23, 2016 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, and Wipro Ltd. (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company have signed a Memorandum of Understanding with an objective to enter into a strategic partnership to address the evolution of the telecommunications industry toward digital transformation services, the connected world and the Internet of Things ("IoT"). The partnership will unlock value for service providers seeking to transform their businesses and maximize the value of current and future business opportunities.

The strategic partnership augments Wipro's BSS solution and consultancy services with Redknee's award winning monetization platform, Redknee Unified. The combination of Wipro services and Redknee's product portfolio will create a differentiated solution that add value to service providers as they seek to monetize their services faster and better serve their customers throughout the digital transformation.

The Wipro-Redknee 'Digital BSS Solution' addresses industry trends and initiatives relating to social, mobility, analytics, Cloud and IoT. Together these service can help service providers implement innovative solutions, tap new revenue segments, enhance the customer experience by empowering customers with real-time self-care and account information, while simplifying and optimizing operating and IT expenses.

The broad areas of the partnership cover: strategic and preferred partners for customer engagements across the globe, enhancing the value to existing and new customers; and co-development of digital BSS solutions which continuously address the rapid changes and expectations of the digital customer. This will start with the pre-integration of the Redknee BSS portfolio into the Wipro RAPIDS suite, and build and align the Redknee and Wipro product and service roadmaps to ultimately provide clients with solutions that understand the changing market and future customer needs.

Lucas Skoczkowski, Redknee's CEO commented:
"Redknee continues to look beyond the traditional boundaries of telecommunications. As CSPs continue to transform and take advantage of the digital and connected world in which we live,  Redknee is excited to announce its new partnership with Wipro to help our clients with market leading solutions that transform their business, while supporting future growth opportunities and support efficient operating strategies."

Anil Jain, Senior Vice President and Business Head, Communication service providers, Wipro Limited commented:
"Wipro is delighted to partner with Redknee, a like-minded organization that delivers innovative solutions and positions our clients for future growth and success. Our combined knowledge of the telecommunications market, unrivalled global footprint and business transformation services offer our clients a unique opportunity to drive new businesses and future opportunities."

About Wipro:
Wipro Ltd. (NYSE: WIT) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology." By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com

About Redknee:
Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions and services that allow communications service providers, utility companies, auto makers and enterprise businesses of all types to charge for things in new and innovative ways. Redknee's real-time billing, charging, policy and customer care offerings provide the agility and scalability to drive a unique user experience, increase profitability and support any new product or business model. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. 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: Michaela Radman, Corporate Communications, Michaela.Radman@redknee.com, +1 905 625 2190; Investor Relations: Lawrence Chamberlain, NATIONAL | Equicom, T: (416) 848-1457, lchamberlain@national.ca


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