Redknee Wins Multi-Million Dollar Transformation Deal with WOM Chile

TORONTO, Feb. 10, 2017 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has signed a multi-year, multi-million dollar deal with WOM Chile. This BSS transformation project comes at a time when WOM is experiencing rapid growth and needs an agile business support solution to meet the company's ambitious growth plans and roadmap. Redknee's real-time monetization and subscriber management solution, including the full Redknee Unified stack, will improve WOM's innovation and creativity by allowing it to launch new offerings that differentiate itself in the market, improve operational efficiency, and create greater business value.

As one of the fastest growing operators in Latin America, and the trend for Communications Service Providers (CSPs) to adapt their revenue and business models to maximize the value of new technologies, WOM quickly realized it needed an agile and scalable solution to support its growing, dynamic and evolving business. Redknee Unified allows service providers to scale to their business needs and use one single platform to manage multiple services to improve efficiency and to support the creation and launch of multi-play and digital services. This project highlights the ability of Redknee to offer scalable and agile solutions that can transform an organization by supporting the creation and deployment of new and innovative service offerings and revenue streams, improve time to market, and create a more consistent omni-channel customer experience.

Stefan Evergad, WOM CTO commented: 
"We are confident in our decision to choose Redknee as partner in this critical transformation. We are looking forward to working together with Redknee for joint success."

Lucas Skoczkowski, Redknee's CEO commented: 
"We are pleased to support one of the fastest growing companies in the Americas. Redknee's agile and flexible real-time monetization and customer care solution allows WOM to turn its creativity into market differentiation. Redknee's solutions can support any type of service, allowing our customers to easily create new services, revenue streams and support a consistent omni-channel customer experience."

About WOM:
WOM is a new telecommunications and mobile broadband company, belonging to the international investment fund, Novator Partners LLP. WOM has positioned itself as an innovative and challenging company, changing the Chilean market with its attractive offer and communication style. Since its launch in July 2015, WOM has been leading the portability numbers, achieving 2 million customers in 16 months. Its aim is to be the preferred company of all Chileans, being a communication channel to say and discuss what really matters to the people, revolutionizing the industry with a good service at fair prices.

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


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