Redknee Signs a Multi-Million Dollar Cloud Deal in LATAM

TORONTO, Oct. 25, 2016 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has won a multi-year monetization solution contract for a major retailer in Latin America (LATAM) valued at more than $5 million. The solution will be delivered from the Redknee Cloud to provide the leading retailer with an enhanced real-time, end-to-end cloud-based monetization solution. The solution will improve charging and policy functionality, allowing for the easier launch of tailored promotions and sales initiatives to improve the retailer's competitiveness. This deal highlights the growing demand for solutions delivered from the Redknee Cloud, as service providers seek fast and agile solutions that solve enterprise complexities associated with existing business models, legacy systems and investments.

The Redknee Cloud platform offers the rapid deployment of real-time monetization and subscriber management solutions, including integrated billing, charging, analytics and customer care functions to support the fast onboarding of customers and the launch of innovative offerings. The Redknee Cloud offers a low-risk business model with minimal initial investment and the flexibility to expand the platform as subscriber numbers increase. By combining the Redknee Cloud with Redknee consulting services, communication service providers can focus on sales, marketing, and creating competitive advantage.

Lucas Skoczkowski, Redknee's CEO commented:
"Redknee continues to see growth opportunity in Latin America as service providers adopt solutions that allow them to deliver real-time service offerings, promotions and customer care capabilities in a highly competitive environment. This deal signifies the growing demand Redknee's agile, cloud-based solutions that can be quickly deployed to improve competitiveness and deliver business results. Redknee is pleased to support this Latin American retailer with the expansion of their brand and customer base to grow revenues and profitability."

About Redknee:
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, Head of Marketing and Corporate Communications, Michaela.Radman@redknee.com, +1 905 625 2190; Investor Relations: Lawrence Chamberlain, NATIONAL | Equicom, T: (416) 848-1457, lchamberlain@national.ca


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890