Redknee Secures Contract with Leading Asia Pacific Operator
Redknee’s Service Bureau to Provide Wholesale Billing and Content Settlement for Tier-1 Wireless Operator
TORONTO– July 7, 2009 – Redknee (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, announced that a leading Tier-1 operator from the Asia Pacific (APAC) region has selected Redknee’s InBill solution to manage its wholesale billing with its Mobile Virtual Network Operator (MVNO) partners through Redknee’s service bureau operations. The operator joins an extensive line-up of service providers who leverage Redknee’s wholesale billing expertise to maximize the value of their networks by effectively and efficiently managing multi-party settlements.
The operator maintains a large wholesale division, providing telecommunications services to other service providers and carriers around the globe. As a result, it required a complete wholesale billing solution that supported multiple business models and addressed multi-party settlement requirements.
InBill’s solution service bureau offering provides the operator with the tools and expertise to achieve converged settlement, the ability to process event records from any source, enhanced reporting and an independent tool for revenue assurance. Redknee’s service bureau is a cost-efficient model for the operator, delivering a turnkey wholesale billing solution that is reliable and scalable to meet the growing needs of its business.
InBill is part of Redknee’s portfolio of monetization solutions, which includes Redknee’s flagship Turnkey Converged Billing solution. InBill helps service providers maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, MVNO, and content settlement software solution. Based on almost a decade of proven reliability to resolve and reconcile disputes rapidly, InBill provides the platform for other telecommunications software solutions such as fraud detection, network auditing, revenue assurance, best-cost routing and other network analysis and management tools.
“We are pleased to be selected as the provider of choice for this leading operator’s wholesale billing and content settlement needs. Redknee remains committed to delivering our software solutions through both traditional license and service bureau business models,” Lucas Skoczkowski, Redknee’s CEO stated. “This new contract further advances Redknee’s strategy of growing our business both organically and through acquisition, as we focus on expanding our global customer footprint and increasing recurring revenue.”
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/.
