TORONTO, Nov. 20, 2014 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that a large national corporation in Asia Pacific has signed an order worth over $13 million dollars with Redknee to support its growth in the retail monetization sector. This order is a seven year, recurring term license deal. Redknee's software platform is enabling the service provider, which offers transportation, real estate, retail, leisure, and business support services, to diversify into new industries and differentiate from its competitors. This is a significant non-telecommunications deal that demonstrates Redknee's capabilities and expertise in supporting new market strategies.
The Redknee Unified suite of products will support the service provider to bring to market an advanced real-time loyalty points and rewards program, offering innovative pricing, tariff options and advanced subscriber care, to increase customer satisfaction and generate new revenue streams. This deal provides a clear and meaningful example of how Redknee's Unified platform can be used to improve the customer experience and power a varied ecosystem of enterprise businesses that span multiple verticals. With Redknee's converged charging, billing, policy management and customer care solution, the service provider can utilize the loyalty management system to support other lines of business, including energy supply, transportation, retail and cable TV, all from a single platform.
Lucas Skoczkowski, Redknee's CEO commented:
"Redknee is excited to support the growth strategy of one of APAC's leading corporations. This is a strategic deal for Redknee that reinforces our ability to support the connected digital economy and to capitalize on new opportunities for growth. Over the next 3 to 5 years, we see long term opportunities across industry verticals and enterprise markets, where connectivity-enabled Internet of Things (IoT) businesses want to gain flexibility from real-time analytics and monetization models."
Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.
Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee's products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at www.sedar.com and on Redknee's web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.
Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.
Redknee is a leading global provider of innovative 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 connected customer experience - through either SaaS or on premise based solutions. Redknee's real-time monetization and subscriber management platform provides innovative converged charging, billing, policy management, and customer care solutions for over 200 communications service providers and is supporting service providers to monetize digital services across utilities and smart meters, transportation, connected homes and vehicles, and other enterprises that are emerging from the growing ecosystem of the Internet of Things (IOT). 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, [email protected], +1 905 625 2190; Investor Relations: Robert Kelly, TMX Equicom, T: (416) 815-0700 ext. 253, [email protected]