Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that a leading communications service provider (CSP) in the Americas, has signed an order worth more than $14 million dollars with Redknee to support its Mobile Virtual Network Enabler (MVNE) growth strategy. With Redknee’s cloud-based converged billing and customer care platform, Redknee Unified, the CSP is deploying its MVNE infrastructure to support Mobile Virtual Network Operators (MVNOs) in key markets across the Americas. This significant contract highlights Redknee’s growing presence in Tier-1 markets due to its expertise in providing large-scale solutions in the cloud. [Read more…]

Redknee Solutions Inc., a leading provider of real-time monetization and subscriber management software, reported results for its fiscal third quarter ended June 30, 2014. All figures are in U.S. dollars.

Fiscal Q3 2014 Financial Highlights (Comparisons made between fiscal Q3 FY2014 and fiscal Q3 FY2013 results, unless otherwise noted)
— Revenue totaled $63.9 million, up 9% from $58.6 million
— $9 million of revenue from a software license capacity increase issued but not recognized in the quarter that is expected to be recognized in Q1 FY15
— Gross profit was $27.9 million (44% of total revenue) compared to $32.0 million (55% of total revenue)
— Adjusted EBITDA loss of $3.2 million versus Adjusted EBITDA of $7.3 million
— Net loss totaled $6.9 million or $0.06 loss per share versus a net income of $0.1 million or $0.00 per share
— Cash at $99.0 million
— Order backlog at $172.7 million, the highest level in Redknee’s history
— Accounts receivable decreased by $11.4 million to $85.7M as at June 30, 2014, as compared to Q2 FY2014 [Read more…]

Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, sees new U.S. anti-bill shock regulations as an opportunity for operators to prove to their customers their commitment to delivering an advanced user experience that also protects them from bill shock. The regulatory body is now considering how carriers should notify customers when they are in danger of incurring more fees or are about to be charged roaming fees when traveling outside their coverage area. [Read more…]

Redknee (TSX:RKN), a leading provider of business-critical software and services for communications service providers, has been awarded a new client agreement with an APAC service provider to replace its wireless billing and customer care platform for its mobile operations. The deal, worth more than five million dollars, demonstrates Redknee s successful growth strategy in the Asia Pacific region. Redknee expects to recognize the majority of revenue over fiscal 2011. [Read more…]

Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, announced the closing of its acquisition of Nimbus Systems, a privately-held company that specializes in next generation billing, content settlement and customer care. Redknee announced its intent to acquire Nimbus Systems on July 30, 2010. The closure of the acquisition will immediately increase Redknee s presence in Tier 1 group operators and will open opportunities for Redknee to expand into new geographies and other key verticals. [Read more…]

Redknee (AIM: RKN), a provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, has recently announced that Redknee CTO, Bohdan Zabawskyj, will be speaking at IBC Revenue Assurance & Fraud Management Incorporating Billing Systems in Puerto Rico this month, the premier event is focused on the developments, technologies and industry trends in revenue assurance, fraud management and billing. [Read more…]

Redknee (AIM:RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, has recently announced the appointment of Chris Newton-Smith as managing director, EMEA. [Read more…]

Redknee, (AIM: RKN) a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, has recently announced that its Turnkey Converged Billing Solution has been selected by Antigua Public Utilities Authority (APUA) to strengthen and enhance existing operations. [Read more…]

Redknee Solutions Inc. (AIM: RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, will be involved in two speaking sessions at IMS Asia, March 20th – 22nd in Singapore. [Read more…]

Redknee Inc., a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, has recently announced Leadcom Integrated Solutions as its newest reseller in Latin America. Leadcom Integrated Solutions Ltd. is an international leader in the provision, implementation and management of telecommunications network deployment services and solutions for global telecom vendors, operators and major enterprises. Leadcom employs over 1,150 professionals and operates in over 40 countries, with regional headquarters in the Americas, Europe, Asia and Africa. [Read more…]

Redknee Inc., an international provider of infrastructure software that monetizes and personalizes services and content for mobile users, has announced that two Redknee personalization products have been selected by one of the largest wireless operators in the US. The Redknee solution allows the mobile operator to offer convenient and secure Location-Based Services (LBS) with 24 hour customer care support to both enterprises and consumers. Redknee’s portfolio of solutions including Enhanced Location Services (ELS) and Unified Profile Server (UPS) offers personalization tools to the subscriber and will be used to deliver LBS. [Read more…]

Redknee Inc., a provider of infrastructure software that monetizes and personalizes services and content for mobile users, has announced that CPM, one of Brazil’s largest technology companies, has signed a reseller agreement with Redknee. Together, CPM and Redknee will offer differentiated services that cater specifically to the Brazilian telecom market. [Read more…]

Redknee Inc., a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, has announced that Digicel Group has selected the Redknee CRM Solution from the turnkey Converged Billing suite to significantly improve customer care and billing management in its newly acquired El Salvador operation. [Read more…]

Redknee Inc., a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, has announced that Bakrie Telecom has selected the Redknee mCommerce Gateway to allow real-time, peer-to-peer fund transfers. The solution will allow any Bakrie Telecom prepaid subscriber to transfer monetary value to another Bakrie Telecom subscriber through a familiar, easy-to-use Short Message Service (SMS) interface. [Read more…]

Redknee Inc., a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, and PT Bakrie Telecom Tbk (“Bakrie Telecom”), a pioneer in Indonesia’s affordable wireless telecommunication services, today announced Bakrie Telecom has significantly improved its competitive advantage with deployment of Redknee’s Prepaid Voice and Messaging Solution. The Redknee solutions power Bakrie Telecom’s Esia branded TalkTime service, SMS service and marketing promotions including Circle of Friends and Family, and more. [Read more…]

Redknee Inc., a provider of infrastructure software that monetizes and personalizes services and content for mobile users, has said that its solutions now can process 2.4 billion transactions per month through deployments at its 26 operator customers worldwide. [Read more…]

Redknee Inc., a provider of innovative infrastructure software that monetizes and personalizes services and content for mobile users, today announced it has received The Canadian Advanced Technology Alliance (CATA Alliance) award for Outstanding Product Achievement in Information Communications Telecom (ICT).

“Redknee exemplifies Canadian technology success,” said John Reid, President of the CATA Alliance. “The company’s strong focus on technology innovation has led them to become one of the leading forces of innovation in the wireless communication service provider industry, and this is the result of drive, energy and vision.”

Redknee empowers mobile network operators to maximize their differentiation and revenue with products and solutions for converged billing, IP charging, policy decision making and enhanced location, presence, profile, messaging and mCommerce services. The subscriber experience is improved through Redknee’s self-care, loyalty and analytics that deliver the content and services subscribers want, when they want them. [Read more…]