TORONTO, Nov. 20, 2014 /CNW/ - Redknee Solutions
Inc. (TSX: RKN), a leading provider of real-time monetization
and subscriber management software, is pleased to announce that a
large national corporation in Asia
Pacific has signed an order worth over $13 million dollars with Redknee to support its
growth in the retail monetization sector. This order is a seven
year, recurring term license deal. Redknee's software platform is
enabling the service provider, which offers transportation, real
estate, retail, leisure, and business support services, to
diversify into new industries and differentiate from its
competitors. This is a significant non-telecommunications deal that
demonstrates Redknee's capabilities and expertise in supporting new
market strategies.
The Redknee Unified suite of products will support the service
provider to bring to market an advanced real-time loyalty points
and rewards program, offering innovative pricing, tariff options
and advanced subscriber care, to increase customer satisfaction and
generate new revenue streams. This deal provides a clear and
meaningful example of how Redknee's Unified platform can be used to
improve the customer experience and power a varied ecosystem of
enterprise businesses that span multiple verticals. With Redknee's
converged charging, billing, policy management and customer care
solution, the service provider can utilize the loyalty management
system to support other lines of business, including energy supply,
transportation, retail and cable TV, all from a single
platform.
Lucas Skoczkowski, Redknee's CEO commented:
"Redknee is excited to support the growth strategy of one of APAC's
leading corporations. This is a strategic deal for Redknee
that reinforces our ability to support the connected digital
economy and to capitalize on new opportunities for growth.
Over the next 3 to 5 years, we see long term opportunities across
industry verticals and enterprise markets, where
connectivity-enabled Internet of Things (IoT) businesses want to
gain flexibility from real-time analytics and monetization
models."
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 www.sedar.com and on Redknee's
web-site at www.redknee.com. 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 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 connected
customer experience - through either SaaS or on premise based
solutions. Redknee's real-time monetization and subscriber
management platform provides innovative converged charging,
billing, policy management, and customer care solutions for over
200 communications service providers and is supporting service
providers to monetize digital services across utilities and smart
meters, transportation, connected homes and vehicles, and other
enterprises that are emerging from the growing ecosystem of the
Internet of Things (IOT). 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.