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Last updated on April 24, 2014 at 21:24 EDT

APAC Mobile Operator Renews Redknee’s Support Contract to Accelerate Growth Strategy

January 30, 2014

TORONTO, Jan. 30, 2014 /PRNewswire/ – Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software
for communications service providers, is pleased to announce that a
mobile operator in APAC has renewed Redknee’s support contract. The
renewed agreement, worth $4 million, with an acquired customer will
accelerate the mobile operator’s ability to increase its competitive
position and deliver value-added services quickly to the market.

Redknee’s converged billing and customer care solution is enabling the
mobile operator to enhance the customer experience of over 10 million
mobile subscribers with a range of innovative services, including
personalized offers, advanced price plans and tariffs, real-time
notifications and customer self-care. With Redknee’s scalable and
flexible solution, operators are able to monetize and optimize the
subscriber experience across the entire customer lifecycle, from
activation to customer care, ensuring that they can provide the best
customer experience, while driving profitability.

Lucas Skoczkowski, CEO at Redknee commented:

“This support renewal from an acquired customer signifies Redknee’s
commitment to enable our customers with a comprehensive solution that
drives their growth in competitive markets. Redknee will continue to
invest in our market-leading and proven converged billing and charging
solution as we strengthen our position as the provider of choice to
more than 200 service providers including some of the largest Tier 1
operators around the world.”

Available on-premise, cloud-based and as a Software-as-a-Service
offering, Redknee supports communication service providers with a
complete portfolio of monetization and subscriber management solutions
for service providers across the world. Redknee enables 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 third-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 solutions. 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.

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 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 -
through either SaaS or on-premise based solutions. 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.

SOURCE Redknee Solutions Inc.


Source: PR Newswire