Redknee Continues its Focus on the Fast-Growing Indian Market

TORONTO – May 5, 2016 – Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and customer management software, is pleased to announce that it is sponsoring the LTE India 2016 Conference in New Delhi today as the Presenting Partner. The conference will bring together India’s telecom industry to explore technology solutions and business strategies to drive forward the adoption of LTE technology in India, discuss cost effective network upgrades, and improve the life of the general public. As Redknee continues to expand its business and customer base across India, the company is investing in its Bangalore, Pune and Kolkata offices to support regional and global customers operating in the Indian market. Redknee’s commitment to the Indian market comes as strong business conditions and robust growth in the Indian telecommunications and BSS/OSS markets continue.

With the Indian BSS/OSS market expected to hit an annual compound growth rate of 16%* by 2020, and the Indian telecommunications sector experiencing strong demand driven by the penetration of smart devices and imminent adoption of LTE technology, Redknee is focused on developing its operations, adding to its Indian customer base, and contributing to the development of the Indian market. Redknee expects demand for data monetization services to increase as the adoption of LTE technology drives growth in the telecommunications market, while India’s culture of innovation opens new opportunities in Machine-to-Machine (M2M) and the Internet of Things (IoT). The recent launch of Redknee Unified 2016, the latest release of Redknee’s flagship monetization and subscriber management solution, positions Redknee to assist Indian businesses in established, new and developing markets by providing a flexible and agile monetization solution to support the development and launch of new and innovative service offerings, including innovations in the areas of M2M, IoT, and MVNO’s.

Marc Veelenturf, Redknee’s Vice-President, Middle East and APAC, commented:
“Redknee is excited to be a key part of the Indian BSS/OSS market, one of the fastest growing and most dynamic markets in the world. We look forward to helping both existing and new customers maximize the available opportunities, as we help to usher in the next era of technology in communications, M2M and IoT.”

Sanjay Sharma, Redknee’s Regional Vice-President, South West Asia, commented: “It is becoming more and more important for operators to differentiate their offers by providing personalized services to subscribers through real-time charging, rating and analytics. Redknee is working with multiple customers in the Indian market to deliver best-in-class real-time monetization and analytics for data services.”

 

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.

For additional information please contact:

 

Redknee Solutions:

Michaela Radman, Marketing Director
Michaela.Radman@redknee.com
+1 905 625 2190

 

Investor Relations:

Lawrence Chamberlain
NATIONAL | Equicom
T: (416) 848-1457
lchamberlain@national.ca

Source: Redknee Solutions Inc

Source : www.tele.net.in