TORONTO, Sept. 3, 2014 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that a Tier 1 communications service provider (CSP) in Asia Pacific has placed an additional software expansion order, worth $6 million dollars, to support the growth in subscribers and data usage on its 4G/LTE network. The first expansion order for $9 million dollars was announced on June 12, 2014. This software expansion highlights Redknee's capability to support the growth strategies of Tier 1 CSPs to advance the customer experience, generate new revenue streams and launch innovative data services faster to market.
As a leading provider of 4G/LTE services, the CSP is leveraging Redknee Unified to maximize the value of its network and launch new data offerings with innovative tariff models and value-added services. With Redknee, the CSP can provide its subscribers with the ability to share data across multiple devices and easily share bundles online regardless of payment type. Redknee's highly scalable and flexible solution enables service providers to increase profitability and create new business models quickly and cost efficiently.
Lucas Skoczkowski, Redknee's CEO commented:
"Redknee is very pleased to support this Tier 1 CSP's 4G/LTE continued growth. This additional expansion deal highlights Redknee's ability to provide our customers with innovative solutions to advance the experience of their growing subscriber base. As the number of LTE subscribers grows globally, we see increasing demand for Redknee's 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 management solutions."
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 customer's 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 digital services across utilities and smart meters, transportation, connected homes and vehicles, and other enterprises that are emerging from the growing ecosystem of the Internet of Things (IOT). 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: Craig Armitage, TMX Equicom, T: (416) 815-0700 ext. 278, firstname.lastname@example.org; Robert Kelly, TMX Equicom, T: (416) 815-0700 ext. 253, email@example.com