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Redknee Announces New Multi-Million Dollar Wholesale Billing DeploymentRedknee Increases APAC Footprint With Multi-Million Dollar Wholesale Billing and Settlement Deployment (March 21, 2012)
TORONTO -- (Marketwire) -- 03/21/12 -- Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to report that it has signed a new multi-million dollar contract to deploy its wholesale billing and settlement solution. This new contract highlights Redknee's growing presence in APAC, following a recent new customer win in Japan and multiple customer license expansions secured across the region.
Deployed either in the cloud or on-premise, Redknee enables communication service providers (CSPs) to maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO and content settlement software 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. Its scalable architecture supports the rating and settlement of billions of events a day at Tier 1 service providers across the globe.
"Redknee continues to gain market share in Asia Pacific, driven by the rapid growth in subscriber numbers across the region and the need by service providers to monetize new services as quickly and effectively as possible," commented Lucas Skoczkowski, Redknee's CEO. "This new deployment is further testimony to the agility Redknee brings to our clients to support their business models, market requirements and scalability needs. 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."
Redknee delivers service providers with enhanced visibility of transactions travelling over the network, giving access to significant information on possible revenue leakage and fraudulent activity. In addition, Redknee's wholesale billing and settlement solution 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.
For more information about Redknee and their solutions, please go to www.redknee.com.
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, visit www.redknee.com.
Forward Looking Statement
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. 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 factors discussed under the "Risk Factors" section of the company's the most recently filed AIF which is available on SEDAR at www.sedar.com and on the company's web site at www.redknee.com.
Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.
For additional information please contact:
+1 905 625 2733
Chief Financial Officer
+1 905 625 2943
Matt Glover or Michael Koehler
Liolios Group, Inc.
+1 949 574 3860
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