Redknee Secures Contract With Leading Asia Pacific Operator

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8th July 2009, 12:37pm - Views: 671





Business Company Redknee Solutions Inc. 1 image




MEDIA RELEASE PR35325


Redknee Secures Contract with Leading Asia Pacific Operator


TORONTO, July 7 /CNW - AsiaNet/ --


     Redknee's Service Bureau to Provide Wholesale Billing and Content

     Settlement for Tier-1 Wireless Operator


     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 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. References to Redknee refer to the combined operations of

the parent Redknee Solutions Inc, and all wholly owned subsidiaries. For more

information, visit www.redknee.com.


     Caution Regarding Forward-Looking Information:


     This release contains forward-looking information within the meaning of

applicable securities laws ("forward-looking statements") that include

Redknee's preliminary unaudited estimate of revenue expected to be realized in

fiscal 2009 from an order and product performance. Such forward-looking

statements are not promises or guarantees and involve known and unknown risks,

uncertainties and other factors and assumptions that may cause the actual

results, performance or achievements of Redknee, or developments in Redknee's

business or industry, to differ materially from the anticipated results,

performance or achievements or developments expressed or implied by such

forward-looking statements. Such factors include, but are not limited to:

deployment scheduling, product performance, technological change and changes

in the industry in which Redknee competes; changing global economic conditions

and uncertainties; the impact of foreign currency exchange rates; credit and

collection risk; departure of key personnel; departures of key customers; and

other risks detailed from time to time in the Company's filings with the

Ontario Securities Commission including Redknee's Annual Information Form

dated for the fiscal year ended September 30, 2008 and filed on www.sedar.com.

Readers are cautioned not to place undue reliance upon any such

forward-looking statements, which speak only as of the date made.

Forward-looking statements are provided for the purpose of providing

information about management's current expectations and plans relating to the

future. Readers are cautioned that such information may not be appropriate for

other purposes. Redknee does not undertake or accept any obligation or

undertaking to release publicly any updates or revisions to any

forward-looking statements to reflect any change in its expectations or any

change in events, conditions or circumstances on which any such statement is

based, except as required by law.


     SOURCE:  Redknee Solutions Inc.


     Media Relations Contact: 

     Ashleigh Young 

     Mi liberty

     +44 (0)20 7751 4444 

     ayoung(at)miliberty.com 


     Mark Yaphe 

     Vice President, Product Management & Marketing 

     (905) 625-2298 

     mark.yaphe(at)redknee.com


     Redknee Solutions: 

     David Charron 

     Chief Financial Officer 

     (905) 625-2943

     david.charron(at)redknee.com 


     Investor Relations: 

     Isabel Fernandes-Cunha

     (905) 625-2421 

     isabel.fernandes(at)redknee.com 

     or

     investor_relations(at)redknee.com



Translations:

Business Company Redknee Solutions Inc. 2 image

   Chinese - Traditional (http://asianetnews.net/Download.asp?ID=129705)




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