TORONTO, May 25, 2016 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce the signing of a new multi-year services agreement with lifecell, one of the largest operators in Ukraine and part of the Turkcell Group. The contract strengthens Redknee's partnership with lifecell, allowing the operator to leverage Redknee's monetization and subscriber management platform to quickly launch new and innovative products and services while improving and standardizing service levels across multiple geographic locations.
lifecell operates in one of the fastest growing communications markets, fueled by the increasing penetration of smartphones and devices. McKinsey estimates that the annual growth in the Eastern European communications market is 8.4%. lifecell can now leverage Redknee's multi-year services contract to maximize the value of the Redknee monetization and subscriber management solution to pursue local business opportunities that promote growth and profitability. Redknee's services group uses an agile working methodology, best-in-class tools and processes to maximize the value of Redknee's solutions and improve operational efficiency, reliability and service levels. The combination of Redknee's real-time monetization and subscriber management software and services allow service providers to quickly deploy new capabilities and initiatives that support differentiation and generate sustained business advantage.
Burak Ersoy, lifecell CEO commented:
"lifecell is excited to work with Redknee to pursue our aggressive growth strategy in Ukraine. Together we can grow our business by taking advantage of opportunities in such high growth markets as Ukraine. By leveraging Redknee's monetization and subscriber management solution and services we can quickly respond to market opportunities and needs as well as increase our competitiveness and add value across our geographical locations."
Lucas Skoczkowski, Redknee's CEO commented:
"Redknee is pleased to further expand our relationship with lifecell and the Turkcell Group. This partnership demonstrates the value of Redknee's monetization and subscriber management solutions and services, including our ability to support clients with multiple locations. We look forward to helping the group unlock the full value of its businesses and implement strategies that promote long-term success, growth and profitability for the entire organization."
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, Corporate Communications, Michaela.Radman@redknee.com, +1 905 625 2190; Investor Relations: Lawrence Chamberlain, NATIONAL | Equicom, T: (416) 848-1457, firstname.lastname@example.org