SOURCE: Redknee Solutions, Inc.

Redknee Solutions, Inc.

June 04, 2013 07:00 ET

EMEA Operator Increases Redknee Investment to Deliver New Innovative Services

Redknee Supports Communications Service Provider to Advance Its Market Position

TORONTO--(Marketwired - Jun 4, 2013) - Redknee (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that an EMEA customer has increased its investment in Redknee's real-time billing and charging solution in order to support the service provider to launch new innovative services, promotions and marketing campaigns to the market. The increased investment demonstrates the positive response of the recent acquisition and the strong momentum from Redknee's acquired customer base.

Available as an on-premise, cloud-based and 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. Redknee's real-time billing and charging solution enables communications service providers (CSPs) to provide differentiated services and an advanced customer experience through personalized offers, new pricing and tariff options, real-time notifications, and customer self-care to their prepaid, postpaid and hybrid customers.

Lucas Skoczkowski, CEO of Redknee, commented:
"This increased investment from an acquired customer and part of a large global group operator is further confirmation of Redknee's capability to support our communications service provider customers with highly scalable and flexible monetization and subscriber management solutions. Redknee is committed to invest in our market-leading, real-time converged billing and charging platform to become the most compelling provider of choice for more than 200 service providers across the world." 

Redknee's comprehensive portfolio of billing, charging, and customer care solutions for communications service providers, 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 solution. 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.

For more information about Redknee and their solutions, please go to www.redknee.com.

Forward-Looking Statements
Certain statements in this document, including the ability of Redknee's products to allow the service provider to launch new services to the market, 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.

Contact Information

  • For additional information please contact:

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

    David Charron, Chief Financial Officer
    +1 905 625 2943

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