TORONTO, Aug. 12, 2016 /CNW/ - Redknee Solutions
Inc. (TSX: RKN), a leading provider of
real-time monetization and subscriber management software,
announced that it received a letter from Crescendo Partners on
August 11, 2016 that was subsequently
publicly disclosed by Crescendo Partners. In its letter,
Crescendo Partners indicates that it is a significant shareholder
of Redknee, and urges Redknee's Board of Directors to commence a
process for the sale of Redknee.
Redknee is committed to building value for all shareholders, and
to that end, will continue to execute its strategic plan and review
alternatives available to it. Redknee is in the course of
reviewing the letter from Crescendo Partners with its Board of
Directors and advisers, and intends to invite Crescendo Partners to
meet with Redknee representatives to obtain an understanding of its
views.
About Redknee Solutions
Inc.
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.