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2012 News Releases
Accelerating 3G Adoption Sees Tier 1 South East Asian Operator Increase Redknee Investment
Operator Increases Redknee Investment to Capitalize On 3G Growth
TORONTO - January
18, 2012 Redknee (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 significant capacity expansion deal that will see a Tier 1 South East Asian operator increase its investment in Redknee’s wholesale settlement and billing solution.
The operator’s decision to increase investment in Redknee’s wholesale billing solution is in response to its growing traffic and evolving interconnect and settlement requirements due the accelerating adoption of its 3G services. According to Synergy Research Group, the number of 3G subscribers in Asia reached 381 million in mid-2011, having spiked 51 percent over the previous 12 months. Redknee’s flexibility and scalability enables this operator to address the changing market needs by launching innovative service offerings.
Lucas Skoczkowski, Redknee’s CEO commented:
“This increased investment in Redknee’s solution by our customer in South East Asia is indicative of the positive impact that the growth of 3G adoption is having on increasing traffic and revenues at our customers. We are pleased to be reinforcing our value to service providers in such a dynamic market like Asia. At Redknee, we continue to invest in developing cloud-based and on-premise monetization solutions to enable service providers in Tier 1 markets to increase revenues, improve the customer experience and grow profitability.”
Redknee’s wholesale billing solution provides operators with greater visibility into network transactions in order to achieve converged wholesale settlement and accurate wholesale billing. Deployed either in the cloud or on-premise, Redknee enables service providers to maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO and content settlement software solution. Its comprehensive monitoring and reporting features are being leveraged by service providers across the globe for fraud detection, network auditing, best-cost routing and other network analysis and management purposes ensuring CSPs have a pinpoint understanding of the value of the network; can quickly resolve disputes; as well as obtain valuable marketing feedback. Its scalable architecture supports the rating and settlement of billions events a day at Tier 1 operators in EMEA, APAC and Americas regions. About Redknee:
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/.
The operator’s decision to increase investment in Redknee’s wholesale billing solution is in response to its growing traffic and evolving interconnect and settlement requirements due the accelerating adoption of its 3G services. According to Synergy Research Group, the number of 3G subscribers in Asia reached 381 million in mid-2011, having spiked 51 percent over the previous 12 months. Redknee’s flexibility and scalability enables this operator to address the changing market needs by launching innovative service offerings.
Lucas Skoczkowski, Redknee’s CEO commented:
“This increased investment in Redknee’s solution by our customer in South East Asia is indicative of the positive impact that the growth of 3G adoption is having on increasing traffic and revenues at our customers. We are pleased to be reinforcing our value to service providers in such a dynamic market like Asia. At Redknee, we continue to invest in developing cloud-based and on-premise monetization solutions to enable service providers in Tier 1 markets to increase revenues, improve the customer experience and grow profitability.”
Redknee’s wholesale billing solution provides operators with greater visibility into network transactions in order to achieve converged wholesale settlement and accurate wholesale billing. Deployed either in the cloud or on-premise, Redknee enables service providers to maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO and content settlement software solution. Its comprehensive monitoring and reporting features are being leveraged by service providers across the globe for fraud detection, network auditing, best-cost routing and other network analysis and management purposes ensuring CSPs have a pinpoint understanding of the value of the network; can quickly resolve disputes; as well as obtain valuable marketing feedback. Its scalable architecture supports the rating and settlement of billions events a day at Tier 1 operators in EMEA, APAC and Americas regions. About Redknee:
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/.
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