TORONTO, Oct. 19, 2016 /CNW/ - Redknee Solutions
Inc. (TSX: RKN), a leading provider of real-time monetization
and subscriber management software, is pleased to announce that it
was recognized as one of the top four convergent billing vendors in
the world, following the release of Analysys Mason's Revenue
Management Systems Market Share Report for 2015. The report
highlights Redknee's strong growth in the last year, as Redknee
increased its market share of the global product-related convergent
billing market. The annual publication tracks the market share of
communication service provider spending on telecom specific revenue
management software systems and related services. The revenue
management market consists of postpaid and prepaid billing,
convergent billing, mediation, policy management, partner and
interconnect systems and was valued at USD
6.3 billion in 2015. Convergent systems account for the
second largest services spend of CSP's in the revenue management
segment.
Communications service providers face growing competition and
increasing levels of data consumption, their ability to quickly
bring new and tailored offerings to market is essential to remain
competitive and generate sustainable business growth and
profitability. Analysys Mason reports that the convergent billing
market exceeded its growth estimates in 2015. Demand is driven by
the number of service providers undertaking transformation projects
and consolidating their billing systems to improve their ability to
react to market conditions, including the digital economy. The
Analysys Mason report suggests that digital transformation and the
digital economy are amongst the top three most important business
environment factors in global revenue management market. Redknee's
strong market share reflects strong and continuing demand for its
agile end-to-end converged billing solutions able to monetize new
revenue streams, support new and existing business models and
deliver a consistent omni-channel experience in telecommunications
and other vertical industries.
John Abraham from Analysys Mason
commented:
"Analysys Mason continues to see a strong shift in CSP business
models resulting in transformation projects and demand for
convergent systems. As CSPs evolve their service offerings to
include a growing number of digital services, Redknee has increased
its market share in convergent billing systems."
Lucas Skoczkowski, Redknee's CEO commented:
"We are proud to be recognized as one of the top four convergent
billing vendors in the world, especially as we have seen Redknee's
strong product and project execution continue to be chosen by
communication service providers (CSP) in their transformations to
digital service providers. We continue to invest in Redknee product
platform and cloud service offerings, and we remain committed to
deliver world-class monetization solutions capable of supporting
any business model and new innovative service offerings that are
driven by modern subscriber preferences and changing consumption
patterns. Redknee looks forward to continuing to grow its market
share in the convergent billing market, while continuing our
customer-for-life commitment that we are recognized for."
About Redknee:
Redknee monetizes today's digital
world. We provide a complete portfolio of mission-critical
monetization and subscriber management solutions and services that
allow communications service providers, utility companies, auto
makers and enterprise businesses of all types to charge for things
in new and innovative ways. Redknee's real-time billing, charging,
policy and customer care offerings provide the agility and
scalability to drive a unique user experience, increase
profitability and support any new product or business model.
Available on premise, cloud-based, or as a Software-as-a-Service,
Redknee's low-risk, flexible solutions power more than 250
businesses across the globe. 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.
SOURCE Redknee Solutions Inc.