SOURCE: Redknee Solutions Inc.

Redknee Solutions Inc.

August 28, 2013 07:00 ET

Redknee Signs New Policy Management Customer to Support Operator's Network Modernization

TORONTO--(Marketwired - Aug 28, 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 that an APAC operator has deployed the latest release of Redknee's Policy Management solution. Redknee's Policy Management solution is a critical investment for the operator as it completes the modernization of its network and prepares to launch TD-LTE services such as Voice over LTE (VoLTE), multi-media and interactive games. This new customer win is a subsidiary of one of the world's largest communications, entertainment and media conglomerates.

Redknee's Policy Management solution, PCS-5000, will support the operator to deliver innovative data services and personalized pricing tariffs based on quality of service, location and time. With Redknee's Policy Charging and Rating Function (PCRF) solution, the operator gains better visibility and control of its access network and is able to effectively increase capacity by setting policies for different types of data including 3G, Wi-Fi and LTE. In addition, Redknee's Policy Management solution will enable the operator to monetize its mobile broadband network and benefit from VoLTE and value-added services to generate revenue, create differentiation and improve the customer experience.

Redknee's Policy Management solution is a scalable, flexible solution based on a highly available architecture that equips operators with a high performance, cost efficient, off-the-shelf solution with easy-to-use interfaces that allow service providers to quickly define and create new policies. Redknee minimizes integration and customization requirements, therefore reducing the cost and time-to-market for service providers to deploy its Policy Management solution. Redknee's PCS-5000 solution supports more than 55 operators with a combined customer base of nearly 1.2 billion subscribers across the world.

Lucas Skoczkowski, CEO of Redknee, commented:
"Policy Management solutions are a critical investment for operators that are launching next generation data networks. This new customer win with Redknee's Policy Management solution is a strong testament to Redknee's expertise and capability to meet the needs of communications service providers as they modernize their networks. Redknee continues to invest in our comprehensive portfolio of billing, charging, policy and customer care solutions to be the most compelling provider of choice for Tier 1 operators and communications service providers across the globe."

For more information about Redknee and its 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 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

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