Redknee Recognized As A Stratecast Top 10 To Watch In OSS/BSS
Global Award Recognizes Redknee for Emerging As Competitor to The Established OSS/BSS Elite
TORONTO – July 21, 2009 – Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, has been presented the Stratecast Global OSS/BSS Top Ten to Watch Award. This recognition is awarded to agile and well-managed companies that have emerged as real competitors to the established OSS/BSS elite.
According to Stratecast, in the midst of consolidation of service providers and OSS/BSS vendors into larger and larger companies, there is a breed of company making its presence felt in the service provider OSS/BSS market. This award recognizes the success of these companies and their commitment to innovation.
Lucas Skoczkowski, CEO of Redknee, commented: “Redknee has the expertise, dedication and innovative product offerings to meet the challenges of both high-growth and established communications service providers around the world. We are honored to be recognized by Stratecast as a Top Ten Company to Watch. We continue to focus our efforts on bringing the very best solutions to market, to create sustainable competitive advantage for our growing customer base.”
Stratecast specifically recognized Redknee for delivering a well-defined and clearly differentiated product offering, along with a level of agility and a culture of innovation that stands out amongst a sea of competition around the globe. As networks and operations grow increasingly complex and more subscribers continue to clamor for personalized services, it is these qualities that give service providers the support they need to thrive.
Karl Whitelock, Senior Analyst, Frost & Sullivan – Stratecast Division, added: “Redknee has thrived on its ability to develop innovative solutions that have been proven and refined through a myriad of customer installations. Its ongoing success and continued growth, despite a faltering economy, is a result of helping its customers differentiate service offerings in some of the most competitive markets in the world. Redknee is a company to watch as the billing market continues to evolve.”
About Stratecast/Frost & Sullivan:
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. The Stratecast Division focuses on strategic forecasting and strategy for the Telecom/IT sector. For more information, visit www.awards.frost.com.
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/.
