Redknee Signs Services Deal with EMEA Operator

TORONTO – July 11, 2013 Redknee Solutions Inc. (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has signed a deal worth more than a million dollars to provide professional services to a leading multi-play service provider, and acquired customer in EMEA. This investment in Redknee’s professional services highlights Redknee’s focus and proven capability in its approach to provide design, delivery, training and ongoing support services to its customers. Redknee supports communications service providers with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and service providers across the world.

As one of the largest multi-play providers in a highly competitive market, the service provider relies on the performance and quality of Redknee’s billing and charging engine to provide value-added and personalized services to over 20 million customers. With Redknee’s professional services the operator is able to launch services faster to market, generate new revenue streams and provide a better multi-channel customer experience. Redknee’s professional services include counsel, education and training, managed services and solution delivery, which complement Redknee’s comprehensive portfolio of billing, charging, customer care and policy solutions for communications service providers.

Lucas Skoczkowski, CEO of Redknee commented:

“This deal, worth more than a million dollars, with an acquired customer demonstrates our expertise and ongoing commitment to support our communications service provider customers to manage risk, reduce time to market and maximize return on their network investment. As one of the largest independent real-time monetization and subscriber management software company for the telecoms market, we will continue to invest in highly scalable and flexible monetization and subscriber management solutions to enable service providers to increase revenues, grow profitability and advance the customer experience.”

Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee provides a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world. Redknee enables Communications Service Providers (CSPs) to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers’ usage, preferences, and integration with 3rd party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee provides one of the industry’s most comprehensive real-time converged billing, charging, customer care and payments solution. Redknee’s highly scalable and flexible solution enables 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.

For more information about Redknee and their solutions, please go to www.redknee.com.

 

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 communication 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 comprehensive customer experience. Redknee’s revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 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 about Redknee and its solutions, please go to www.redknee.com.