TORONTO, March 11, 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 a
leading group operator in EMEA has signed a services contract worth
approximately $5 million dollars. With Redknee's support, the group
operator is able to launch innovative products, advanced data services
and support its affiliates across the EMEA region. This contract
highlights the confidence Redknee's acquired service provider customers
have in Redknee's expertise and solutions to support their business and
future growth strategies.
With Redknee, the group operator is able to utilize a highly flexible
and scalable next generation, real-time end-to-end billing and customer
care solution to improve operational efficiency and launch and monetize
services faster in the market. Through Redknee, the group operator can
effectively support its affiliates to deliver personalized offers,
customer self-care and advanced tariff options to drive subscriber
loyalty and enhance the customer experience. Redknee's support is
enabling the group operator to reduce costs, generate new revenue
streams and increase its competitive position.
Lucas Skoczkowski, CEO at Redknee commented:
"The signing of the multi-million dollar deal with this Tier 1 group
operator, and acquired customer, attests to Redknee's capabilities and
the momentum we are seeing in the demand for our services and support
from our Tier 1 operators and communications service provider
customers. Redknee will continue to invest in our comprehensive
real-time billing and customer care solutions to support our customers'
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 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:
Ashleigh Young, Corporate Communications
+1 905 625 2733
T: (416) 815-0700 ext. 278
T: (416) 815-0700 ext. 253