Leading EMEA Group Operator Signs $17 Million of Orders with Redknee

August 12, 2014

TORONTO, Aug. 12, 2014 /CNW/ – Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management
software, is pleased to announce that a leading group operator in EMEA
has signed multiple software and services orders totaling more than $17
million with Redknee. These new deals will support the group operator
to deliver innovative data services faster to the market and maintain
its market leading position across multiple countries.

Utilizing Redknee Unified, Redknee’s real-time monetization and
subscriber management software solution, the CSP can launch innovative
data services and personalized offers and generate new revenue streams.
Redknee’s highly scalable and flexible solution empowers operators with
the agility to manage the complexities of their data network, improve
the user experience, increase profitability, and create new business
models quickly and cost effectively.

Lucas Skoczkowski, Redknee’s CEO commented:

“We are very pleased to support this group operator in enhancing their
competitiveness across multiple countries. This demonstrates the
confidence this group operator has in Redknee’s expertise to support
the aggressive growth strategies of communications service providers
across the world. As the roll out of 4G networks accelerates, operators
require a sophisticated charging, billing, policy management and
customer care solution that drives revenue for their existing services
and is future proof for new investments. As the largest independent
real-time monetization and subscriber management software company,
Redknee continues to invest in our market-leading portfolio to enable
service providers to increase revenue, improve profitability and
deliver an advanced customer experience.”

Redknee enables CSPs to monetize and optimize the subscriber experience
across the entire customer lifecycle. From activation to provisioning,
to supporting a 360 degree view of the customer’s 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 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
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.
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.

Source: PR Newswire

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