TORONTO, Nov. 16, 2015 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and customer management software, is pleased to announce that it has been recognized on Deloitte's Technology Fast 50™ and 500 lists. Overall Redknee achieved revenue growth of 365% for the period 2011-2014, placing Redknee in 25th position in the Fast 50 and 203rd position in the Fast 500.
The Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The Fast 500 recognizes the fastest growing organizations across North America. Award winners are selected on their ability to create a distinct competitive advantage in a high growth market and are presented to qualified companies that demonstrate technological leadership on four key criteria: competitive advantage; growth and market attractiveness; management effectiveness and organization; and financial performance.
"Redknee is proud to be recognized as one of the fastest growing companies in North America. The ranking recognizes Redknee's strong growth, both organically and through acquisition, and our competitive position in the monetization and subscriber management software market. We look forward to achieving additional milestones in our business strategy throughout 2016." said Lucas Skoczkowski, Redknee's CEO.
"Despite market uncertainty, the Deloitte Technology Fast 50™ and 500 have found a way to innovate and grow, harnessing the power of emerging technologies to disrupt and influence business across almost all industries," said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. "Congratulations to this year's Fast 50 and 500 companies. We are looking forward to witnessing their continued growth and impact on the technology market."
Redknee provides a complete portfolio of monetization and subscriber management solutions for service providers across the world. Redknee enables service providers from the telecommunication and other vertical markets such as energy and transportation to monetize and optimize the subscriber experience across the entire customer lifecycle. Redknee supports a 360 degree view of the customers' usage, preferences, and integration with third party social media sites, to empower 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. Redknee's highly scalable and flexible solutions enable service providers 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 250 service providers, including some of the largest Tier 1 operators in the world.
About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About Deloitte's 2015 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.
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, Marketing Director, Michaela.Radman@redknee.com, +1 905 625 2190; Investor Relations: Robert Kelly, NATIONAL | Equicom, T: (416) 848-1382, firstname.lastname@example.org