New Contract Win
June 17 2008 - 2:02AM
UK Regulatory
RNS Number : 8503W
Redknee Solutions Inc.
17 June 2008
For immediate release 17 June 2008
Redknee Solutions Inc.
('Redknee' or 'the Company')
New Contract Win
Redknee Enters India
Provides Real-Time Rating and Charging for Leading Wireless Operator
TORONTO - June 17, 2008 - Redknee (AIM: RKN), a leading provider of mission-critical software and services for mobile operators and
communications service providers, today announced that a leading Indian wireless operator ("the Operator") will be deploying Redknee's
real-time rating and charging solution IPRC.
India is currently the fastest growing wireless market in the world, and in April 2008 it surpassed the U.S. to become the second
largest market, as well. With a rapidly expanding customer base, the Operator will be leveraging Redknee's IPRC solution to address its
specific need to deliver flexible and tailored pricing plans to over two million subscribers.
Redknee partnered in this opportunity with one of the most prominent vendors in this space.
With the implementation of Redknee's highly scalable, real-time rating and charging solution, the Operator will be able to quickly roll
out tiered and bundled pricing plans for their growing list of new data services. This in turn provides more service options for their
subscriber base and will potentially deliver increased revenue for the Operator. Redknee's IPRC solution will also integrate with the
Operator's own network and their existing billing solution, helping to ensure seamless ongoing operations.
"We are especially excited by this opportunity as this is Redknee's first network operator in India," commented Lucas Skoczkowski, CEO
at Redknee. "We look forward to a long and successful relationship as we provide the mission critical support that operators around the
globe have come to expect from Redknee. With an expanding base of over 15 network operators in the APAC region, we will continue to deliver
solutions that fit the needs of this market. Redknee's real-time rating and charging product, IPRC, does just that."
As industry analyst group OSS Observer states, "The key value of real-time charging is enabling service providers to charge for unique
services in discrete ways that help them increase revenue. [Service providers] can allow customers to use and pay for discrete services,
offering many different bundles but charging for the services actually used."
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 60 network operators in over 50
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.
For additional information please contact:
Media Relations Contact: 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
Redknee Solutions:
Colley Clarke, Chief Financial
Mark Yaphe, Vice President, Officer
Product Management & Marketing +1 905 625 2604
+1 905 625 2298 colley.clarke@redknee.com
mark.yaphe@redknee.com
Nomad:
Canaccord Adams Limited
Ryan Gaffney/Andrew Chubb
+44 (0) 207 050 6500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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