Redknee Recognized as a Visionary in Gartner's 2016 Magic Quadrant for IRCM

TORONTO, Nov. 1, 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 been recognized as a Visionary in the 2016 Gartner Magic Quadrant report for Integrated Revenue and Customer Management (IRCM) for Communications Service Providers (CSPs). Redknee's updated position in the Magic Quadrant reflects the depth of its product portfolio, including the ability to offer all IRCM components to service providers, and the investment made in developing new and advanced functionality such as Voice-over-LTE (VoLTE) and virtualization. Redknee was also recognized for its continued investment in partner, OTT and non-telco monetization solutions and its successful expansion into vertical markets including energy, automotive and transportation.

Since last year's Magic Quadrant, Redknee has significantly improved its position moving from the Challenger quadrant into the Visionary quadrant. The improvement recognizes Redknee's strong global reach and its ability to quickly respond and react to customer requests while providing a high quality of service to ensure high client satisfaction. Gartner's 2016 Magic Quadrant for IRCM evaluates solutions that provide billing, customer care, rating, charging, pricing, partner relationship management, policy management, mediation, self-service and analytics for CSPs. The report advises CSP CIOs looking for commercial software packages that address business-critical revenue and customer management processes.

Lucas Skoczkowski, Redknee's CEO commented:
"Redknee continues to improve its positon in the Gartner Magic Quadrant for IRCM. Our 2016 result highlights the value of our continued investment in our products and business. Redknee's agile end-to-end monetization and subscriber management solution continues to be at the forefront of available technology and we look forward to continuing to bring exciting monetization solutions to market in the future."

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.

Redknee Solutions: Michaela Radman, Head of Marketing and Corporate Communications, [email protected], [phone]; Investor Relations: Lawrence Chamberlain, NATIONAL | Equicom, T: [phone], [email protected]