Redknee Signs Multi-Million Dollar Contract with Omantel

TORONTO, Dec. 9, 2014 (Canada NewsWire via COMTEX) –Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that Omantel, a leading operator in the Middle East and a provider of multi-play services, has signed a multi-year, multi-million dollar contract to upgrade to the latest version of Redknee’s converged charging platform, Redknee Unified, in support of Omantel’s 4G/LTE network. The highly scalable and flexible solution provides Omantel with innovative real-time charging and billing capabilities to monetize and launch new data services, and the agility to cross-sell and upsell across its multi-play services to advance the experience of its 4G/LTE subscribers. This is a significant deal that further demonstrates the confidence leading communications service providers (CSPs) have in Redknee’s ability to support their business goals and growth strategies.

With competition intensifying in the region and customer demand for innovative data services increasing, Omantel will utilize Redknee’s real-time monetization solution to increase customer satisfaction and maintain its market-leading position. The Redknee Unified platform provides Omantel with the ability to converge billing, charging and customer care for all of its services, including voice, messaging, data, mobile and fixed lines, to gain simplicity and transparency to charge and bill for any transaction regardless of the payment method. Omantel can leverage Redknee Unified to maximize the value of its network and launch new data offerings with innovative tariff models and value-added services faster to the market.

Talal Al Mamari Chief Executive Officer of Omantel, commented: “Omantel’s partnership with Redknee is expected to improve operational efficiency and build competitive advantage. With Redknee’s real-time charging solution, we can offer superior and innovative products, services and tariffs to our customers across all Omantel networks, in order to improve customer experience, create value and increase customer loyalty through innovation and differentiation. Redknee’s continued support will be instrumental for Omantel, to materialize our BSS/OSS modernization strategy.”

Lucas Skoczkowski, Redknee’s CEO commented:”Redknee is extremely pleased to support Omantel’s data monetization and growth strategy. In today’s competitive environment, service providers are constantly challenged to deliver a greater customer experience while driving profitability. With Redknee, Omantel can create new business models, generate new revenue streams and provide a better multi-channel customer experience. This agreement is demonstrative of Redknee’s ability to support the growth of multi-play customers, and our increasing position as the provider of choice for monetization and subscriber management solutions to more than 200 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 supporting a 360 degree view of the customer’s usage, preferences, and integration with third party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee offers one of the most comprehensive real-time converged charging, policy management, billing and customer care solutions in the industry. 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. Available on premise, cloud-based and as a Software-as-a-Service offering, Redknee delivers a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.

Forward-Looking StatementsCertain 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 Omantel:Omantel is the pioneer provider of leading edge telecommunications services in the Sultanate of Oman connecting individuals, enterprises and government across the country through a state-of-the-art network. By offering unmatched range of innovative products and after-sales service, Omantel is the market leader. We serve our individual and corporate customers nationwide through online channels, shops and distributors. On the wholesale and global operations level, Omantel has a Wholesale Unit dedicated for providing advanced tailored carrier solutions to local or international Telecom Operators, Content Partners as well as Resellers. The solutions include a full suite of telecom and hosting services to connect partners networks and exchange traffic globally and locally. Our unique international cable and satellite capacity position provides our customers with unparalleled reach and redundancy to any place in the world.

Omantel is listed on the Muscat Stock Market and trades under the name OTL.OM. For more information, please visit our website www.omantel.om.

 

About Redknee:

Redknee is a leading global provider of innovative 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 connected customer experience – through either SaaS or on-premise based solutions. Redknee’s real-time monetization and subscriber management platform provides innovative converged charging, billing, policy management, and customer care solutions for over 200 communications service providers and is supporting service providers to monetize digital services across utilities and smart meters, transportation, connected homes and vehicles, and other enterprises that are emerging from the growing ecosystem of the Internet of Things (IOT). 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.

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SOURCE: Redknee Solutions Inc.

 

Redknee Solutions: Michaela Radman, Corporate Communications, Michaela.Radman@redknee.com, +1 905 625 2190; Investor Relations: Craig Armitage, TMX Equicom, T: (416) 815-0700 ext. 278, carmitage@tmxequicom.com; Robert Kelly, TMX Equicom, T: (416) 815-0700 ext. 253, rkelly@tmxequicom.com