Redknee Launches Converged Billing at Japanese Multi-Play Operator iTSCOM

Marketwired

TORONTO, ONTARIO--(Marketwired - Sep 10, 2013) - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has launched Redknee's billing and customer care solution at Tokyu Group's iTSCOM, a leading Japanese Cable TV service provider and existing Redknee customer. As a result, iTSCOM has signed an additional multi-year contract for Redknee's converged billing and customer care solution to support future growth. This deal reiterates Redknee's commitment to provide its customers and communications service providers (CSPs) with highly scalable and flexible monetization and subscriber management solutions to support their growth strategies.

This deal will further support iTSCOM to consolidate its billing systems from across its multiple lines of business as well as provide 'billing as a service' offerings to other application service providers (ASPs) and iTSCOM's business partners. Redknee's cloud-based multi-tenant billing and customer care solution enables service providers, such as iTSCOM, to manage partner relationships, quickly rollout new services and enhance the customer experience. In addition, the expansion will also support iTSCOM's future business growth objectives such as diversifying into other industries and cooperating with business partners for M2M and utilities. Redknee's converged billing and customer care platform provides out-of-the-box functionality which reduces capital and operating expenses, lowers the investment risk, enables fast time to market to quickly launch new innovative services and provides advanced customer care and innovative self-care capabilities.

Mr. Murai, Chief Officer of IT, Tokyu Group, commented:
"iTSCOM required a flexible convergent billing and customer care solution that would enable us to progress our strategy to develop and improve the cable TV market, and potentially to expand into other industries. iTSCOM chose to extend its relationship with Redknee -- a recognized leader in the converged real-time billing, rating and charging market -- as we are confident that the tools and support we receive will enable us to achieve our goals now and in the future."

Lucas Skoczkowski, CEO of Redknee, commented:
"We are pleased to continue to support iTSCOM with its current and future growth strategy. As an existing customer, the signing of this multi-year contract emphasizes Redknee's ability to support communications service providers with our market proven converged billing and customer care solution that addresses new opportunities for growth, enables them to strengthen and manage partner relationships, diversify their business and continue to advance the customer experience. Redknee is committed to invest in our market-leading real-time converged billing and charging solution to be the most compelling provider of choice for service providers across the world." 

Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing 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 provides one of the industry's most comprehensive real-time converged billing, charging, customer care and payments solution. 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.

For more information about Redknee and their solutions, please go to www.redknee.com.

Forward-Looking Statements
Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.

Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee's products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at www.sedar.com and on Redknee's web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.

Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

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 comprehensive customer experience. Redknee's revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 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.

Contact:
For additional information please contact:

Redknee Solutions:
Ashleigh Young, Corporate Communications
+1 905 625 2733

Investor Relations:
Matt Glover or Michael Koehler
Liolios Group, Inc.
Email Contact
US: +1 949 574 3860
Canada: +1 905 625 2027

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