SOURCE: Redknee Solutions Inc.

Redknee Solutions Inc.

August 20, 2013 07:00 ET

BH Telecom to Launch Redknee's Converged Billing Solution

TORONTO--(Marketwired - Aug 20, 2013) - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce BH Telecom, the largest operator in Bosnia and Herzegovina and an acquired customer, has signed a multi-million dollar deal to upgrade to the latest version of Redknee's converged billing, charging, policy and customer care solution. With Redknee's charge@once unified solution, BH Telecom will be equipped to accelerate its strategy to grow its 45 percent share of the market. Redknee's agile solution provides communications service providers (CSPs) with the flexibility and scalability to build customer loyalty, generate new revenue streams, and increase market share.

With the Bosnia and Herzegovina mobile market evolving, competition intensifying and customer demand for innovative services increasing, BH Telecom will leverage Redknee's charge@once unified platform to maintain its market lead, improve competitiveness and offer its subscribers a greater range of personalized and value-added services. In addition, Redknee's real-time converged billing and charging solution is being installed in a replicated environment for geographic redundancy to deliver business continuity support. As part of the upgrade to charge@once unified, BH Telecom will utilize Redknee's customer care solution to provide advanced support to its customer care agents, enabling them to quickly resolve subscriber issues and market new incentives and promotions to attract customers. 

charge@once unified is part of Redknee's comprehensive portfolio of billing, charging, policy and customer care solutions, which is supporting the growth and profitability strategies of more than 200 CSPs in over 90 countries.

Nedžad Rašidbegović, CEO at BH Telecom, commented:
"To maintain our market lead and provide our customers with value-added services, BH Telecom required a flexible, scalable converged billing and customer care solution that would support our growth and business continuity strategy. With Redknee's billing, charging and customer care solution we will be able to differentiate our services to provide unique and innovative offerings to our customers, generate profitability and support our business in the future."

Lucas Skoczkowski, CEO at Redknee, added:
"This contract with BH Telecom to upgrade to Redknee's converged billing and charging solution highlights Redknee's ability to support our communications service provider customers with highly agile, scalable and flexible monetization and subscriber management solutions. Our solution will enable BH Telecom to deliver innovative personalized offers and services faster to the market, generate new revenue streams and maintain its market share. Redknee is committed to its customers and will continue to invest in our market-leading real-time converged billing and charging solution to support their growth and profitability strategies."

Redknee supports CSPs with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and service providers across the world. Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers' usage, preferences, and integration with 3rd party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee provides one of the industry's most comprehensive real-time converged billing, charging, customer care and payments solutions. Redknee's highly scalable and flexible solution enables CSPs to monetize third party relationships and content, support resellers and dealers and launch multi-country operations quickly, effectively and with a low total cost of ownership. Available on-premises, cloud-based and as a Software-as-a-Service offering, Redknee provides a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.

Forward-Looking Statements
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.

About Redknee
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. 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.

About BH Telecom
BH Telecom is a leading telecom operator in Bosnia and Herzegovina. Telecom's services have been locally provided by means of the up-to-dated technologies, at the same time complying with relevant international and local standards and regulations for the purpose of further evolution of our information society. BH Telecom has been recognizable by the quality and variety of services it provides to its users and the efforts it has been making to be always the first company in Bosnia and Herzegovina that offers new services following the world trends in the field of telecommunications. For the purpose of meeting the needs and wishes of its existing and potential customers, BH Telecom has a comprehensive offer of over 1.000 services and communication solutions within its sub-brands BH Line and BH Mobile networks. http://www.bhtelecom.ba 

Contact Information

  • For additional information please contact:

    Redknee Solutions:
    Ashleigh Young
    Corporate Communications
    +1 905 625 2733

    Investor Relations:
    Matt Glover or Michael Koehler
    Liolios Group, Inc.
    +1 949 574 3860