Redknee Renews Multi-Year Contract to Enhance the Competitive Positioning of TIM Brazil

TORONTO, April 18, 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 renewal of its software and services contract with TIM Brazil. Redknee will provide an end-to-end solution that includes new software capabilities, managed services, and support services that enable the company to secure its position as a leading mobile operator in Brazil.

Redknee's Cloud and Managed Services solutions allow communication service providers (CSP's) to focus on their core business and customers, while Redknee manages the BSS eco-system, utilizing best-in-class tools, processes and consulting to deliver agreed service levels and reduce operating cost. Faster time-to-market is a key requirement for CSP's who are evolving into digital service providers (DSP's). Redknee's 'first time right' approach and agile working methodology ensures that new products and enhancements are implemented quickly and with high quality. The combination of Redknee's real-time monetization and subscriber management software and its Cloud and Managed Services allows service providers to quickly deploy new capabilities that support differentiation and generate sustained business advantage.  

Lucas Skoczkowski, Redknee's CEO commented:
"This contract renewal demonstrates the strong partnership between Redknee and TIM Brazil and Redknee's ability to successfully support service providers in the Telecom Italia Group around the world. By utilizing Redknee's Cloud and Managed Services solutions, TIM Brazil is able to maximize the value of their Redknee software products. Redknee provides a market-leading combination of real-time monetization software and services, which delivers innovation, agility, and reliability to our customers."

Daniel Hermeto, TIM Brazil's director Chief of Purchasing and Supply Chain Officer says:
"When we renew this partnership with Redknee, we can continue taking full advantage of the solutions offered, in addition to directly benefiting our customers and our business. We are very pleased with the returns obtained already, especially in the corporate segment."

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.

About TIM
TIM is the second-largest mobile communications operator in Brazil and leader in the prepaid segment. The company's mission is to connect society and to care for each and every customer so that everyone can do more. Our communications services will empower the lifestyles of our customers. Furthermore, in addition to focusing on innovation and affordability, TIM prioritizes the quality of its network and service. An indicator of this commitment is the R$ 14 billion investment in Brazilian operations over the three-year period culminating in 2017.

Transparency and sustainability are also among the company's key pillars. TIM is the only company in the telecommunications sector in the New Market of Commodities and Futures Exchange of the São Paulo Stock Exchange (Novo Mercado da BM&FBOVESPA), recognized as having the highest level of corporate governance, in addition to being part of the Corporate Sustainability Index (ISE) and Carbon Efficient Index (ICO2).

SOURCE Redknee Solutions Inc.

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