TORONTO, Jan. 16, 2014 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging solutions
for communications service providers, is pleased to announce that a
leading mobile operator, and acquired customer, in EMEA has renewed a
contract for over $5 million dollars. This contract renewal is part of
the operator's strategy to strengthen its market-leading position and
support its customer base of more than 17 million subscribers by
leveraging Redknee's converged charging solution.
Lucas Skoczkowski, Redknee's CEO commented:
"We are very pleased to announce this deal in the EMEA region. The
continued momentum represented by our contract announcements
demonstrates the value of Redknee's converged charging solution, as
communications service providers seek to differentiate themselves in
the market, increase revenues and deliver an improved customer
experience. Redknee supports over 200 service providers from around the
world and will continue to invest in our software to advance our
position as the provider of choice for monetization and subscriber
Redknee provides a complete portfolio of monetization and subscriber
management solutions for communications service providers (CSPs) 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 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 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 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. Invoices
are submitted to the customer once the related terms of the contract
have been performed by Redknee. 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.
SOURCE: Redknee Solutions Inc.
For further information:
For additional information please contact:
Ashleigh Young, Corporate Communications
+1 905 625 2733
T: (416) 815-0700 ext. 278
T: (416) 815-0700 ext. 253