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Redknee Enters Japanese Market With Multi-Million Dollar Converged Billing ContractRedknee Selected to Drive Growth Strategy for Japanese Communications Service Provider (November 15, 2011)
TORONTO -- (Marketwire) -- 11/15/11 -- Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions, has signed a multi-year, multi-million dollar term license contract with ITS Communications, Inc. (iTSCOM), a leading Japanese triple-play service provider that will replace its legacy billing solution. iTSCOM offers cable TV, broadband and digital telephony services. The multi-play provider is based in Tokyo and is a subsidiary of Tokyu Corporation. The new licensing deal marks Redknee's entry into the Japanese market, the largest communications market in Asia Pacific and the second largest in the world.
"This win with iTSCOM reiterates Redknee's ability to drive transformation strategies for communication services providers on a global basis," said Redknee's CEO, Lucas Skoczkowski. "Redknee's continued adoption in new geographies encourages us to continue to invest in the development of cloud-based and in-network real-time monetization solutions that support the growth of wireless, multi-play and alternate service providers around the world."
Karl Whitelock, Director OSS/BSS Strategy at Stratecast Frost & Sullivan, commented: "As one of the most active telecommunications markets in the world, Japan is witnessing the continued growth of next generation services, such as VoIP, strong competition among mobile operators in the 3G space and the increasing momentum of LTE service roll outs. This hotbed of innovation is placing increased pressure on service providers to deliver an advanced customer experience and to demonstrate an effective monetization strategy. It is an ideal environment for convergent BSS solutions to provide solid business value."
Redknee's converged billing solution will provide iTSCOM with the agility to launch new services faster to the market and increase profitability and revenues across its triple play service offerings. In addition, Redknee's multi-tenant solution will support the service provider's strategy to offer billing and customer care services to other communication service providers in the market. Redknee's converged billing solution delivers to multi-play providers a single solution that supports data, voice, content and media services for prepaid, postpaid and hybrid customers. These are key advantages for service providers seeking to expand their service offerings, launch innovative cross-service bundles and promotions, integrate third party applications and content, and support new business models in order to increase new revenue streams.
Redknee's market-leading cloud-based converged billing and customer care solution enables communication service providers to achieve the benefits of an end-to-end fully converged billing and customer care platform, including real-time unified billing, rating and charging for the operator's data, voice and messaging services, advanced customer care capabilities, and innovative self-care solutions. Redknee enables the service provider to deliver advanced charging transparency and flexible self-care options to its customers as well as real-time promotions, enhanced customer care and loyalty campaigns. From activation and provisioning, to real-time billing, rating, invoicing, partner management, and full customer care capabilities, Redknee's converged billing solution expertly addresses the needs of communications service providers throughout the world's most competitive markets.
For more information about Redknee and its solutions, please go to www.redknee.com.
For additional information please contact:
Ashleigh Young, Corporate Communications
+1 905 625 2733
David Charron, Chief Financial Officer
+1 905 625 2943
Matt Glover or Michael Koehler
Liolios Group, Inc.
+1 949 574 3860
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