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Redknee Highlighted in Top ICT ScorecardBranham Group Recognizes Redknee's Innovation and Global Reach in Annual Top 300 Companies Report (April 25, 2012)
TORONTO -- (Marketwire) -- 04/25/12 -- Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical software and solutions for communications service providers, is pleased to announce that it continues to maintain its elite status with Branham Group in its annual listing of the top 300 ICT companies in Canada. Included in the Top 10 Wireless, Top 25 Software and Top 250 Canadian ICT Companies, this recognition by Branham Group reiterates Redknee's strong leadership and the ongoing successful implementation of its growth strategy. Highlights of Redknee's FY 2011 results include the company reporting increased revenue to a record $60.1 million, of which recurring revenue also increased to a record high of $24.3 million. In addition, Redknee entered new markets, including Latin America and Japan.
Lucas Skoczkowski, Redknee's CEO commented:
"We are pleased to be recognized as a leading ICT company in Canada. Our results in FY 2011 showed that we made substantial progress on our strategic growth plan through our direct sales channels as well as with our partners, including Microsoft and Tech Mahindra. This has set the stage for Redknee to further accelerate its growth and expand its market share. In addition, this award reflects the dedication of our highly skilled employees and the support of our valued customers and investors to Redknee's success."
The Branham300, now in its 19th year, is widely considered to be the most comprehensive and trusted review of the Canadian ICT industry. The listing ranks the top 300 publicly traded and privately held organizations operating in the Canadian ICT industry by gross revenue.
"Redknee continues to earn its place alongside the leaders in ICT companies in Canada due to its consistent performance and dedication to innovation at all levels. We congratulate Redknee on this distinction and eagerly anticipate its growth in the following year," said Wayne Gudbranson, President and CEO of Branham Group.
Further information on Redknee and to view its latest financial results can be found at www.redknee.com/investors
About Redknee Solutions:
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 http://www.redknee.com/.
For additional information please contact:
Chief Financial Officer
+1 905 625 2943
+1 905 625 2733
Matt Glover or Michael Koehler
+1 949 574 3860
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