Redknee Supports Virtualization Strategy for Tier 1 Operator

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TORONTO – June 25, 2014 Redknee Solutions Inc. (TSX: RKN), as a leading provider of real-time monetization software, continues to demonstrate its leadership in enabling Tier 1 network operators to implement their virtualization strategies. Redknee offers an end-to-end cloud-based solution with a business model that gives service providers flexibility to differentiate and grow their business, while minimizing the investment risk and optimizing total cost of ownership (TCO). 

Redknee’s agile approach to virtualization enables the smooth migration of legacy services towards Redknee’s state of the art Redknee Unified product, which addresses real-time converged charging, billing, policy management and customer care. Redknee’s real-time Unified Charging is supporting Vodafone Germany’s virtualization strategy to reduce costs and enhance the customer experience. Redknee enables operators to deploy real-time BSS in any virtualized environment in order to deliver more agility and scalability to effectively improve operations.  Key elements of the solution include Redknee provisioning the ability to optimize existing IN services, such as Ultra Card, Wireless Office and Home Zone for IMS and VoLTE, and to future-proof 4G / LTE network investments. 

Lucas Skoczkowski, CEO of Redknee commented: 

“Redknee has a long-standing and trusted relationship with Vodafone and is pleased to support its virtualization strategy. Redknee’s flexible and adaptable solution empowers Tier 1 service providers to easily scale to meet the demands of future growth. Through expertise and leadership, Redknee supports innovative service providers using virtualized systems to launch new business models, deliver differentiation and increase their market presence. This demonstrates Redknee’s expertise and capability to provide Tier 1 operators and communications service providers (CSPs) with highly flexible and scalable solutions that integrate seamlessly without disruption to the network, operational processes and the subscriber experience.” 

Rui Frazao, Director Network Engineering of Vodafone Germany, commented: 

“As a global communications business, it is our goal to provide the best services to connect our customers and to enrich their experience. By introducing Redknee’s Unified product into Vodafone’s private cloud environment, we have the ability to launch services faster to the market, reduce hardware costs, cater to increasing traffic flexibly, and support existing and future requirements, such as IMS, real-time online charging and VoLTE.”

Redknee provides a complete portfolio of monetization and subscriber management solutions for communications service providers (CSPs) across the world. Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to supporting a 360 degree view of the customers’ usage, preferences, and integration with 3rd party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee offers one of the most comprehensive real-time converged charging, policy management, billing and customer care solutions in the industry. Redknee’s highly scalable and flexible solution enables CSPs to monetize third party relationships and content, support resellers and dealers and launch multi-country operations quickly, effectively and with a low total cost of ownership. Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee delivers a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.


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 connected customer experience - through either SaaS or on-premise based solutions. Redknee's real-time monetization and subscriber management platform provides innovative converged charging, billing, policy management, and customer care solutions for over 200 communications service providers and is supporting service providers to monetize the growing ecosystem of the Internet of Things. 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.
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