TORONTO, May 12, 2015 /CNW/ - Redknee Solutions Inc.
(TSX: RKN), a leading provider of real-time monetization and
subscriber management software, is pleased to announce that a
leading communications service provider (CSP) in the Americas, has
signed an order worth more than $14 million
dollars with Redknee to support its Mobile Virtual Network
Enabler (MVNE) growth strategy. With Redknee's cloud-based
converged billing and customer care platform, Redknee Unified, the
CSP is deploying its MVNE infrastructure to support Mobile Virtual
Network Operators (MVNOs) in key markets across the Americas. This
significant contract highlights Redknee's growing presence in
Tier-1 markets due to its expertise in providing large-scale
solutions in the cloud.
Leveraging Redknee Unified, the CSP is accelerating its MVNE
growth strategy. Redknee's end-to-end solution will support the
CSP's multi-brand strategy, including the launch of new consumer
and partner brands and MVNOs to the market from a centralized
platform. Redknee's converged billing and customer care solution
provides service providers with an innovative platform that enables
fast time to market to launch new services, while minimizing the
investment risk with low initial setup costs.
Lucas Skoczkowski, Redknee's CEO commented:
"We are pleased to support this leading service provider's MVNE
strategy with our cloud-based converged billing and customer care
platform. This strategic deal reinforces Redknee's expertise and
capabilities in enabling service providers with the agility and
flexibility to launch new business models fast to market and
accelerate their growth and profitability strategies. At Redknee,
we will continue to invest in real-time monetization and subscriber
management software solutions that support over 200 service
providers across the globe to enhance the customer experience,
generate new revenue streams and grow profitability."
Redknee enables communications service providers (CSPs) to
monetize and optimize the subscriber experience across the entire
customer lifecycle. From activation and provisioning, to supporting
a 360 degree view of the customer's usage, preferences, and
integration with third party social media sites, to empowering
customers with self-care tools and the ability to pay for services
on the go, Redknee offers one of the most comprehensive real-time
converged charging, policy management, billing and customer care
solutions in the industry. Redknee's highly scalable and flexible
solutions enable CSPs to monetize third party relationships and
content, support resellers and dealers and launch multi-country
operations quickly, effectively and with a low total cost of
ownership. Available on premise, cloud-based and as a
Software-as-a-Service offering, Redknee delivers a complete
monetization and subscriber management solution to more than 200
service providers, including some of the largest Tier 1 operators
in the world.
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.