Redknee Signs Converged Billing Deal with Leading EMEA Utility

TORONTO – April 11, 2013 – Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers,  is pleased to announce that one of EMEA’s leading electricity and gas suppliers has selected Redknee’s converged billing and customer care platform. Redknee’s platform will support the utility to launch a 4G/LTE mobile virtual network operator (MVNO), enabling it to bring to market innovative mobile services and to develop new service bundles and business models to differentiate itself from its competitors. This new customer win highlights Redknee’s expertise in supporting new entrants to launch mobile services to complement their multi-play strategies, communications service providers to launch sub-brands, and MVNE/Os to accelerate their growth strategies.

Redknee’s cloud-based platform offers service providers the benefits of a flexible, next generation converged billing and customer care solution combined with a low-risk investment strategy and fast time-to-market. The real-time solution enables service providers to quickly launch targeted promotions and services, up-sell and cross-sell, and deliver an enhanced subscriber experience. Redknee’s end-to-end billing and customer care solution delivers centralized business intelligence and a full suite of billing capabilities, allowing consumer brands or new entrants, who may not be experienced in the mobile communications market or billing, to concentrate on their sales, marketing and distribution strategies rather than the management of their billing system.

Lucas Skoczkowski, CEO at Redknee commented:

“Redknee is pleased to support one of EMEA’s leading utilities to launch into the mobile sector. The thriving mobile industry is increasingly providing an avenue for enterprises to increase customer loyalty, increase revenues and improve profitability. Our investment in real-time monetization and subscriber management solutions is providing service providers with a flexible, low-risk business model that supports aggressive growth strategies.”

Available as an out-of-the-box, cloud-based solution, Redknee supports all payment types from a single platform, including prepaid, postpaid and hybrid accounts with ease. Redknee’s multi-tenancy capability further aids additional business models by quickly and effectively onboarding multiple service providers onto a single platform. From activation and provisioning, to order and inventory management, real-time rating, billing, invoicing, partner management, airtime reseller services, and full customer care, self-care and dealer portal capabilities, Redknee expertly addresses the needs of service providers across the globe.

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

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.

 

For additional information please contact:

Redknee Solutions:

Ashleigh Young, Corporate Communications

+1 905 625 2733

 

David Charron, Chief Financial Officer

+1 905 625 2943

Investor Relations:

Matt Glover or Michael Koehler

Liolios Group, Inc.

+1 949 574 3860

SOURCE: Redknee Solutions Inc