TORONTO--(Marketwire - October 11, 2011) - Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions, has signed a term license agreement valued at more than $5 million over the initial four-year term to support the launch of a new Latin American mobile virtual network operator (MVNO).
Under the service agreement, Redknee will deploy and manage its end-to-end billing solution, allowing the MVNO to benefit from Redknee's real-time converged billing expertise as it concentrates on launching branding and marketing campaigns.
This new customer win reflects Redknee's growing presence in the mobile virtual network enabler (MVNE) and MVNO sector, and marks its first expansion into the Latin American market which is experiencing tremendous industry growth in subscribers. According to Informa Telecom & Media, the number of Latin American MVNO subscribers will increase at a CAGR of 28% from 2010 to 2013, reaching 6.6 million subscribers.
"This win demonstrates our ability to enable new market entrants to successfully launch with the support of innovative solutions and services that span the end-to-end spectrum of user needs," commented Lucas Skoczkowski, CEO of Redknee Solutions. "It encourages us to continue to invest in developing cloud-based and in-network real-time monetization solutions that support the growth of wireless, multi-play and alternate service providers in Latin America and around the world."
This Latin American MVNO is able to launch quickly by leveraging Redknee's end-to-end, turnkey billing solution that addresses activation, provisioning, customer care, unified rating, messaging, real-time charging, billing and invoicing, all with minimal configuration required. Redknee's cloud-based solution also offers a business model that allows MVNEs flexibility while growing their business, and minimizing investment risk with low initial setup costs.
Redknee's billing platform offers an integrated promotions engine along with powerful business intelligence and analytics that enable MVNEs to help MVNOs gain deeper insight into subscriber usage. It can create unique offerings to differentiate and capture a larger market share. Redknee's open and flexible solution also enables the seamless integration into loyalty programs and third party partnerships. Redknee's MVNE billing solution supports the growth strategies of multiple MVNOs across the globe, including the Sprint MVNO, iwireless, KPN and Orange.
</b>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 90 network operators in over 50 countries. 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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