SOURCE: Redknee Solutions Inc.

Redknee Solutions Inc.

September 19, 2013 07:00 ET

Redknee's Converged Billing Solution Supports EMEA Operator to Expand Growth Strategy

TORONTO, ON--(Marketwired - Sep 19, 2013) - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers (CSPs), is pleased to announce that an acquired customer in EMEA has signed a multi-million dollar contract for Redknee's converged billing and charging solution. With this deal, Redknee's converged billing and charging solution will support the operator to cater to the rising demand for value-added and 4G LTE services. Analysys Mason recently reported that mobile broadband continues to drive investment in new systems across all regions and market types, leading to the convergent billing sector achieving 22 percent growth from 2011 to 2012.

Redknee is supporting the EMEA operator to provide differentiated services and an advanced customer experience through value-added data services, personalized offers, new pricing and tariff options, real-time notifications, and customer self-care. With Redknee's solution, the operator is able to build its competitive advantage, deliver an enhanced subscriber experience and accelerate its growth strategy. Available on-premise, 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.

Justin van der Lande, Programme Head for Revenue Management at Analysys Mason, commented:
"LTE roll-out is often used as an opportunity to refresh revenue management systems due to the need to better monetize data and support offers such as family plans, tiered pricing and content or application based quality of experience. These monetization drivers coupled with the need to reduce costs led to the convergent billing and customer care segments experiencing the fastest growth within the BSS market in the past 12 months."

Lucas Skoczkowski, CEO at Redknee, commented:
"This multi-million dollar contract with this acquired customer and associated group operator reinforces Redknee's capability and expertise to support our communications service provider customers with a comprehensive portfolio of billing, charging, policy and customer care solutions. 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 strategies."

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 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.

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 and on Redknee's web-site at 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

Contact Information

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    Redknee Solutions:
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    +1 905 625 2733

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