TORONTO, April 22, 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 it has been named as one of Canada's fastest growing ICT companies in 2013. Included in the Branham Group's annual review of publically traded and private organizations operating in the Canadian ICT industry, Redknee was recognized for its strong leadership and successful growth strategy.
Redknee achieved six top listings, including: Top 250 Canadian ICT Companies, Top 25 Software Companies, Top 10 Wireless Solution Companies, Top 10 Software as a Service Companies, Top 10 Growth Companies and Top 20 Movers and Shakers. Redknee's FY2013 results were highlighted by an increase in annual revenue to a record of $142.0 million, of which recurring revenue also increased to 55 percent of the total revenue. Additionally, Redknee completed a transformative acquisition that has made it the largest independent real-time monetization and subscriber management software company for communications service providers.
Lucas Skoczkowski, Redknee's CEO commented:
"We are pleased to receive this latest recognition by the Branham Group, which showcases the positive momentum we have made while executing our strategic growth plan. I would like to thank our skilled employees, valued customers and investors for their commitment as we strive to be the provider of choice for monetization solutions for telecoms, utilities, e-health and smart cities. It is an honor to be ranked among these elite companies, which is a testament to the innovation and global success of the ICT sector that stems from Canada."
The Branham300, now in its 21st year, is widely considered to be the most comprehensive and trusted review of the Canadian ICT industry. The listing ranks the top 300 organizations operating in the Canadian ICT industry by gross revenue.
"Redknee consistently earns its place alongside the leaders in ICT companies in Canada due to its strong year-on-year performance and dedication to innovation at all levels. We congratulate Redknee on this distinction and eagerly anticipate its growth in the following year," said Wayne Gudbranson, President and CEO of Branham Group.
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.
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