SOURCE: Redknee Solutions, Inc.

Redknee Solutions, Inc.

August 14, 2012 07:00 ET

Redknee Launches World's Largest Interconnect System at Indosat

Latest Deployment Sees Redknee Increase Its Footprint in South East Asia's Largest Market

TORONTO--(Marketwire - Aug 14, 2012) -  Redknee (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has launched the world's largest commercial interconnect system at Indosat in Asia Pacific. Indosat, one of Indonesia's leading international telecommunications service providers, delivers fixed and wireless services to more than 53 million subscribers via its GSM and CDMA networks. This latest deployment reiterates Redknee's continued success at deploying large-scale solutions effectively to the market.

Redknee's deployment at Indosat -- processing more than 800 million CDRs per day -- is the largest single-instance commercial interconnect implementation in the world. As it continues to increase its market share, Indosat expects that Redknee's solution will grow to support more than 1 billion CDRs per day by the end of 2012.

Budi Irawan, Indosat's Head of IT Architecture and Strategy, commented:
"Redknee was selected for its low cost of ownership and its commitment to meeting a short deployment deadline. The proven performance of Redknee's solution also means that we are assured that our investment in Redknee will meet Indosat's growing scalability needs today and in the future."

Lucas Skoczkowski, Redknee's CEO, commented:
"We are extremely pleased to announce the successful implementation of the world's largest commercial interconnect system. This deployment reiterates the value that Redknee's combined performance, scalability and cost of ownership delivers to communication service providers across the world. At Redknee, we continue to invest in developing cloud-based and on-premise monetization solutions to enable service providers to increase revenues, improve the customer experience and grow profitability."

Deployed either via the cloud or on premise, Redknee's interconnect and content settlement solution enables communication service providers (CSPs) to maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO and content settlement solution. Its comprehensive monitoring and reporting features are being leveraged by service providers across the globe for fraud detection, network auditing, best-cost routing and other network analysis and management purposes ensuring CSPs have a pinpoint understanding of the value of the network; can quickly resolve disputes; and obtain valuable marketing feedback. In addition, Redknee allows the service provider to analyze profit levels of retail pricing plans and also to evaluate usage patterns to identify high-usage customers or activity which exceeds a subscriber's agreed service plan. Its scalable architecture supports the rating and settlement of billions of events a day at Tier 1 service providers across the globe.

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

About Redknee
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 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