Redknee Invests in Middle East to Support Customer Growth
By Redknee Solutions Inc., PRNETuesday, January 12, 2010
New Beirut Center for Technical Excellence Will Enable Redknee to Deliver Local Support to Growing Customer Base in Response to Rapid Market Growth in Middle East and Africa
TORONTO, January 13 - Redknee (TSX: RKN), a leading provider of business-critical software
and solutions for communications service providers, today announced the
opening of its new office in Beirut, Lebanon. The new office highlights
Redknee's commitment to the region and expands its existing presence in
Dubai, UAE, Nairobi, Kenya and Johannesburg, South Africa. The addition of
the Beirut office will enable the Company to provide dedicated, local
support to its customers in the Middle East and Africa.
It is predicted that by 2013 subscribers in the Middle East will have
increased by 50 percent according to Telegeography Research, while the
African market has already experienced a 49.3 percent growth since 2002
according to a recent report from Ernst and Young. Until recently the
growth of these markets has been driven by the increasing numbers of
subscribers, all of whom have been using basic voice services. However,
operators are now readjusting their focus to introduce valued-added
services to drive mobile data revenues. Informa Telecoms & Media projects
that the Middle East alone will see mobile data revenues rise by 118 per
cent over five year period up to 2012.
Redknee is currently providing its advanced converged billing, real-
time rating and charging and interconnect billing capabilities to multiple
operators across both regions. Redknee's solutions are enabling operators
to empower their subscribers, which in turn is playing a significant role
in encouraging new service adoption and increasing ARPU.
"The growing telecommunications markets of Africa and the Middle East
are a key part of Redknee's growth strategy. We believe that as
communication service providers continue their growth and evolution, they
will increase their investment in replacing their legacy billing and
service infrastructure to support new services, improve the subscriber
experience and realize increased business success," Lucas Skoczkowski,
Redknee's CEO, commented. "With the addition of our Beirut, Lebanon office,
we look to increase our direct regional support to our existing and
prospective customers across Africa and the Middle East. Beirut, with its
skilled multi-lingual talent pool, will be an important center for
Redknee's regional leadership, technical excellence, sales & marketing, as
well as product delivery & support. This is in-line with our strategic
growth plan."
About Redknee:
Redknee is a leading global provider of innovative communication
software products, solutions and services. Redknee's award-winning
solutions enable operators to monetize the value of each subscriber
transaction while personalizing the subscriber experience to meet
mainstream, niche and individual market segment requirements. Redknee's
revenue generating solutions provide advanced converged billing, rating,
charging and policy for voice, messaging and new generation data services
to over 70 network operators in over 50 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, visit www.redknee.com.
For further information: Media Relations Contact: Rachael Parker, Mi liberty, +44(0)20-7751-4444, rparker at miliberty.com; Mark Yaphe, Vice President, Marketing, +1-905-625-2298, mark.yaphe at redknee.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943, david.charron at redknee.com; Investor Relations: Isabel Fernandes-Cunha,
+1-905-625-2421, isabel.fernandes at redknee.com or investor_relations at redknee.com
Tags: canada, Lebanon, Redknee Solutions Inc, Toronto