Accounting and Financial Software
Redknee Ranked Leader in Real-Time Turnkey Converged Billing
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TORONTO - Feb. 11, 2008 - Redknee Solutions Inc. ("Redknee") (AIM: RKN), a leading provider of innovative software that monetizes and personalizes services and content for mobile operators, today announced that OSS Observer has ranked Redknee's Turnkey Converged Billing solution as a market leader in converged pre- and post-paid charging as published in the report, "Real-Time Charging Outlook", November 2007.
"Redknee is an industry leader in real-time convergent charging with a number of deployments worldwide and a growing base of converged billing customers particularly in the emerging markets such as South East Asia, Middle East and Africa," said Larry Goldman, Co-Founder & Senior Analyst at OSS Observer. "Redknee has deployed a number of full-fledged truly convergent systems worldwide, strengthening their product leadership position in the market."
The report also distinguishes Redknee as one of only two vendors in the marketplace today to have truly convergent charging capabilities inherent within its core technology. A key benefit of Redknee's solution to mobile operators is the reduction of architectural and operational complexity that enables a faster time-to-market of services and applications as well as reduced ongoing total cost of ownership.
"We are pleased to be recognized as a market leader in converged billing by OSS Observer," said Lucas Skoczkowski, CEO of Redknee. "With a number of deployments worldwide, our Turnkey Converged Billing solution has a proven track record in providing mobile operators with powerful, resilient, and scalable technologies to improve their market position and financial performance."
Operators that have implemented the Redknee Turnkey Converged Billing solution are reporting increases in average call duration of 10 to 30 percent and increases in top-ups of up to 20 percent. One of Redknee's many leading customers, Telecommunications Services of Trinidad and Tobago Ltd ("TSTT"), the top operator in Trinidad, deployed the converged billing solution in 2005. Since then, TSTT has realized significant customer growth from 600,000 to over 1 million customers in a competitive environment - an increase of more than 60 percent. Moreover, Redknee's converged billing solution enabled TSTT to double customer SMS usage and more than triple self-care queries and recharges.
The Redknee Turnkey Converged Billing solution for voice, data, and messaging integrates easily with existing core network elements and delivers a functionally-rich platform that extends beyond basic rating/charging/billing models. The industry-leading solution enables operators to differentiate their service offerings in markets that have recently opened up to new competition.
Leading operators in emerging markets are using innovative pricing models as well as real-time promotions and analytics to enhance the value of services to a variety of subscriber segments while increasing the overall average revenue per user (ARPU). Operators, like TSTT, are turning to Redknee's Turnkey Converged Billing solution to define a differentiated and superior customer experience. This enriched experience, in turn, attracts new customers and increases the use of standard and enhanced value-added voice, messaging, and data services while providing the underlying framework for the next generation of IP multi-media services.
For additional information please contact:
North American Media Relations Contacts:
Heidi Rosenberg
NPI PR
+1 831-440-2405
heidi@npipr.com
Dalia Asterbadi
Redknee Solutions
+1 905 625 2636
dalia.asterbadi@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 customer transaction while personalizing the customer 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.
Turnkey Converged Billing (TCB)
The TCB solution is a truly converged real-time billing solution, leveraging a suite of globally-deployed Redknee products, offering mobile operators the capability to perform customer management, real-time rating and charging, invoicing, billing & settlement, reporting and promotions. TCB provides a consistent and cohesive rating strategy across pre-paid and post-paid accounts as well as multiple access technologies. The solution entails all the required elements to perform advanced session control, rating and charging for voice, messaging and data sessions in the operator network. Redknee's architecture is designed to simplify network management and service rollout, ensuring that operators can reduce operational costs and time to market. For more information, please visit www.redknee.com.
