TORONTO, June 12, 2014 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management
software, is pleased to announce that a leading communications service
provider (CSP) in Asia Pacific has signed a $9 million dollar agreement
with Redknee to increase its software licenses, services and support.
The increase is part of the CSP's strategy to support the growth of its
4G/LTE network. This significant agreement highlights Redknee's
expertise and capability to support the growth and profitability of
Tier 1 CSPs across the world.
The CSP utilizes the Redknee Unified product to enhance the experience
for over 35 million mobile subscribers and advance its market-leading
position. With Redknee's integrated charging, billing, policy
management and customer care solution, the CSP is able to generate new
revenue streams, launch innovative data services faster to the market
and enrich the customer experience with personalized offers, real-time
notifications and customer self-care. Redknee's highly scalable and
flexible solution empowers service providers' with the agility to
manage the complexities of its data network, improve the user
experience, increase profitability, and create new business models
quickly and cost efficiently.
Lucas Skoczkowski, CEO at Redknee, commented:
"This multi-million dollar agreement with a Tier-1 service provider
emphasizes Redknee's ability to support our customers with innovative
solutions to enable their LTE roll-out. As an increasing number of
subscribers migrate to LTE services, we see the opportunity to further
grow with this customer as they expand Redknee software licenses.
Furthermore, the Asia Pacific region is projected as having the highest
adoption of data services and fastest LTE migration, which presents a
great growth opportunity for Redknee to expand the presence of our
integrated charging, billing, policy management and customer care
platform. Redknee supports over 200 service providers from around the
world and will continue to invest in our real-time 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 supporting 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 offers 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 delivers a complete monetization and subscriber
management solution to more than 200 service providers, including some
of the largest Tier 1 operators in the world.
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.
Redknee is a leading global provider of innovative 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 connected customer experience - through either SaaS or
on-premise based solutions. Redknee's real-time monetization and
subscriber management platform provides innovative converged charging,
billing, policy management and customer care solutions for over 200
communications service providers and is supporting service providers to
monetize the growing ecosystem of the Internet of Things. 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:
Ashleigh Young, Corporate Communications
+1 905 625 2733
T: (416) 815-0700 ext. 278
T: (416) 815-0700 ext. 253