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
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
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