Inmarsat Contract Win
February 11 2008 - 2:02AM
UK Regulatory
RNS Number:6875N
Redknee Solutions Inc.
11 February 2008
Immediate Release 11 February 2008
Redknee Solutions Inc.
Inmarsat Selects Redknee
Redknee to Provide Turnkey Converged Billing to Global Leader in Mobile
Satellite Communications
TORONTO - Feb. 11, 2008 - Redknee Solutions Inc. ("Redknee") (AIM: RKN), a
leading provider of innovative infrastructure software that monetizes and
personalizes services and content for mobile operators, announced that it has
been selected by Inmarsat plc ("Inmarsat"), the world leader for mobile
satellite communications, to provide a real-time Turnkey Converged Billing
solution.
In the first phase of the agreement, Redknee provides Inmarsat with a new
billing functionality, which went live in November 2007, and is being offered to
the subscribers of Inmarsat's Satellite Phone Services (SPS). For the second
phase, Redknee is working with Inmarsat on a similar solution for the company's
Broadband Global Area Network (BGAN) service, the world's first mobile
communications service to provide both voice and broadband data simultaneously
through a single, truly portable device on a global basis. This multi-million
dollar agreement, won after a competitive tender process, represents Redknee's
first entry into the global mobile satellite communications market.
Redknee's billing solution provides a real-time, centralized platform to
Inmarsat, leveraging their next generation of satellite-based pre-paid voice,
messaging, and data services while supporting Inmarsat's growth strategy of
utilizing both distributor and reseller relationships.
Lucas Skoczkowski, CEO at Redknee, commented:
"We are delighted to have secured this prestigious contract to provide Inmarsat
with our leading Turnkey Converged Billing solution. Inmarsat is leveraging
state of the art communications infrastructure to achieve its aggressive growth
plans while continuing to exceed customers' expectations.
Redknee's Turnkey Converged Billing solution continues to take market share in
the wireless segment, while being introduced to fixed, broadband, and IPTV
operators - further expanding our addressable market opportunity."
Michael Butler, President & COO of Inmarsat, added:
"Redknee's solution allows us to strengthen and enhance our existing operations
while increasing the value of our service offering to our customers. We chose
the Redknee platform for its ability to seamlessly integrate with our existing
CRM system and its ability to support planned new services in various
configurations without interruption."
Inmarsat delivers broadband communications solutions to enterprise, exploration,
maritime and aeronautical users around the globe. It operates a cluster of
geostationary satellites that extend mobile phone, fax and data communications
to almost every part of the world.
Launched in 2007, Inmarsat's new suite of satellite phone services includes the
company's first handheld, the IsatPhone. The service is initially available in
the Middle East, Africa, and Asia, and is accessed by a robust, sub-$500
handset. Inmarsat's SPS are undergoing a program of development and
modernization, ahead of a global roll-out by the beginning of 2009.
For additional information please contact:
North American Media Relations Contacts: Financial Public Relations:
Heidi Rosenberg Jeremy Garcia
NPI PR Buchanan Communications
+1 831-440-2405 +44 (0) 20 7 466 5000
heidi@npipr.com jeremyg@buchanan.uk.com
Dalia Asterbadi Redknee Solutions:
Redknee Solutions Colley Clarke, Chief Financial Officer
+1 905 625 2636 +1 905 625 2604
dalia.asterbadi@redknee.com colley.clarke@redknee.com
Nomad:
Canaccord Adams Limited
Ryan Gaffney/Andrew Chubb
+44(0) 207 050 6500
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 50 network operators in over 40 countries.
Established in 1999, Redknee Solutions Inc. (AIM: 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, please visit www.redknee.com.
###
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTGUUUUPUPRPPU
Redknee Sol. (LSE:RKN)
Historical Stock Chart
From Jul 2024 to Jul 2024
Redknee Sol. (LSE:RKN)
Historical Stock Chart
From Jul 2023 to Jul 2024