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Redknee Signs a Multi-Million Dollar Upgrade and Contract Expansion in Europe

TORONTO, Feb. 2, 2017 /CNW/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that Telekom Srpske has awarded Redknee a contract to upgrade its existing BSS solution to Redknee Unified 2016, and expand support to both prepaid and postpaid subscribers. The latest version of Redknee's flagship product offers catalog-driven real-time monetization solutions and an omni-channel customer experience to allow for the creation and launch of tailored solutions and campaigns across the entire customer base. For Telekom Srpske, the solution will support prepaid and postpaid subscribers from a single platform and ensure greater reliability with the implementation of a geo-redundancy system. For Redknee, this converged charging and rating upgrade contract confirms Redknee's strong market position with a growing number customers choosing to upgrade to Redknee's latest release.

Redknee's real-time monetization and subscriber management solution enables service providers to support new business models, monetize next generation services, and create an omni-channel customer experience. Redknee Unified 2016 can increase competitive advantage by supporting the monetization of any-play services and leveraging real-time customer information, events and triggers to support contextual offers that reduce churn and grow the customer base. The latest version of Redknee's solution offers 'one click deployment' for cloud and virtualization technologies to increase scalability and operational efficiency. Redknee's agile and flexible monetization solution has the functionality required to quickly adapt to market needs, improve ARPU and create competitive advantage.

Lucas Skoczkowski, Redknee's CEO commented:
"Demand continues to grow for Redknee's latest monetization solution, as service providers seek to quickly deploy innovative solutions and services. Redknee's products and services allow our clients to maximize the benefit of their installed solution and take advantage of real-time information to create competitive advantage. Redknee is pleased to strengthen our longstanding relationship with Telekom Srpske, and looks forward to improve their competitiveness and supporting their business goals."

About Redknee:
Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions and services that allow communications service providers, utility companies, auto makers and enterprise businesses of all types to charge for things in new and innovative ways. Redknee's real-time billing, charging, policy and customer care offerings provide the agility and scalability to drive a unique user experience, increase profitability and support any new product or business model. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. 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.

SOURCE Redknee Solutions Inc.