Redknee Highlighted in Canada’s ICT Elite
BRANHAM GROUP RECOGNIZES REDKNEE’S INNOVATION AND GLOBAL REACH IN ANNUAL TOP 300 COMPANIES REPORT
TORONTO – April 5, 2011 – Redknee (TSX : RKN) a leading provider of business-critical software and solutions for communications service providers, is pleased to announce that it continues to be recognized by 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.
Lucas Skoczkowski, Redknee’s CEO commented:
“We are pleased to maintain our position amongst the top ICT companies in Canada. The stringent business processes we put in place prepared the company for the challenging economic and market conditions that the industry experienced throughout last year. None of our success would have been possible without the dedication of our highly skilled employees and the support of our valued customers and investors.”
The Branham300, now in its 18th 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 earns 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.
The award follows a solid performance by Redknee in 2010. Highlights of the year include reporting year-end September 30, 2010 revenue of $48.9 million with a margin of 73%. In addition to the acquisition of Nimbus Systems, a Tier 1 billing and customer care specialist, Redknee continues to gain major market share across Americas, APAC and EMEA.
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/.