Redknee Secures Multi-Million Dollar License Expansion With Tier-1 EMEA Operator
Redknee's Next Generation Rating & Charging Solution Enables Aggressive Data Growth at a Leading Tier-1 Operator
TORONTO – July 2, 2009 – REDKNEE (TSX: RKN), a leading global provider of business-critical software and solutions for communications service providers, announced today that a leading Tier-1 operator in the EMEA region (Europe, Middle East & Africa) has signed a multi-million dollar license expansion agreement for Redknee’s Next Generation Rating and Charging (NGRC) solution. This solution provides advanced rating and charging capabilities which facilitates the increased adoption and consumption of the operator’s quickly growing data services. It is anticipated that the majority of the revenue from this contract win will be recognized in fiscal 2009.
This operator has recently experienced significant growth in data traffic, and by expanding its license with Redknee, is now primed to drive demand and support the rating and charging of high-value data services such as mobile TV, mobile broadband, and the increased use of data-intensive smartphones. The solution allows the operator to support tiered pricing packages based on individual bandwidth requirements, as well as “pay-as-you-go” data use, expanding the number of services available and bringing much needed clarity to data charging for its subscribers.
“We are proud to announce this software license expansion with one of Redknee’s leading Tier-1 operator customers, and feel honoured that they continue to look to Redknee to help drive their revenue growth and leadership in the market. We have been able to help them achieve this success by enabling them to launch all the latest data services- with pricing plans that customers can understand,” said Lucas Skoczkowski, CEO at Redknee. “This further validates Redknee’s monetization product platform, and demonstrates our continued ability to gain market share in real-time monetization for both Tier-1 and high growth market operators."
About Redknee’s NGRC
Redknee's Next Generation Rating & Charging solution is a proven real-time rating, charging, policy management and privacy solution for data services. It offers communications service providers the flexibility and scalability to launch new services, while creating new revenue streams based on diverse pricing options for both prepaid and postpaid subscribers. It helps operators to minimize the impact of decreasing voice revenue by allowing them to capitalize on the explosive growth in new data services and provides network operators the competitive advantage to rate and charge any data event in real-time. Additionally, NGRC’s policy controls determine and enforce the appropriate quality of service (QoS), assuring subscribers receive high-quality service across any device.
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 lifetime 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 70 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/.
