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Redknee Increases EMEA Footprint With New Wholesale Billing Deal

redknee-featSource: Redknee Solutions, Inc./ Marketwired

TORONTO — Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to report that it has signed a new multi-million dollar contract to deploy its wholesale billing and settlement solution. This new customer adds to Redknee’s growing presence in EMEA and affirms its position as the provider of the industry’s most comprehensive portfolio of highly scalable and agile converged billing, charging, customer care, and payments solutions for communications service providers (CSPs).

Redknee’s wholesale billing and settlement solution enables CSPs to maximize the value of their network with a comprehensive and cost-effective interconnect, wholesale, content, MVNO and partner 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. Redknee’s solution provides CSPs with a pinpoint understanding of the value of the network, resolves disputes quickly and obtains valuable marketing feedback. Its scalable architecture supports the rating and settlement of billions of events per day at Tier 1 service providers across the globe.

Lucas Skoczkowski, CEO of Redknee, commented: “This new contract win reinforces Redknee’s leadership and continued growth in EMEA, driven by subscriber demand and the need for service providers to quickly and effectively monetize new services. The deployment signifies Redknee’s ongoing commitment to enable our customers with the agility to support their business models, market requirements and scalability needs. At Redknee, we continue to invest in subscriber management and monetization solutions to enable service providers to increase revenues, improve the customer experience and grow profitability.”

Available on-premise or via the cloud, Redknee provides service providers with enhanced visibility of transactions travelling over the network, giving access to significant information on possible revenue leakage and fraudulent activity. In addition, Redknee’s wholesale billing and settlement solution allows the service provider to analyze profit levels of retail pricing plans and also to evaluate usage patterns to identify high-usage customers or activity which exceeds a subscriber’s agreed service plan.

For more information about Redknee and its solutions, please go to www.redknee.com.

Forward-Looking Statements

Certain statements in this document, including the extent of revenue that may be realized by Redknee from the contract entered into to deploy its wholesale billing and settlement solution and the ability of that solution to enable customers to maximize the value of their network 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 to meet performance metrics specified under the contract or otherwise satisfy its obligations required to be performed under the contract, 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. “Risk Factors.” 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 we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume 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 communication 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 comprehensive customer experience. Redknee’s revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 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 about Redknee and its solutions, please go to www.redknee.com.

For additional information please contact:

Redknee Solutions:
Ashleigh Young, Corporate Communications
+1 905 625 2733

David Charron, Chief Financial Officer
+1 905 625 2943

Investor Relations:
Matt Glover or Michael Koehler
Liolios Group, Inc.
+1 949 574 3860

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