Redknee Launches Data Services With India's Loop Mobile
By Redknee Solutions Inc., PRNEMonday, January 25, 2010
Loop Mobile Delivers Next Gen Services to its Subscribers and Prepares for Future Growth With Redknee's Real Time Rating & Charging Solution
TORONTO, January 26 - Redknee (TSX: RKN), a leading provider of business-critical software and
solutions for communications service providers, is pleased to announce that
Loop Mobile has successfully launched Redknee's Next Generation Rating and
Charging solution to enable innovative data applications & services.
According to industry analyst Gartner, revenues from data services will
significantly contribute to mobile services in India, with a forecasted CAGR
of 16.8 per cent from 2009 to 2013. Recently rebranded from BPL Mobile, Loop
Mobile has invested in Redknee's Next Generation Rating and Charging (NGRC)
solution to offer differentiated, value-added data services. Loop Mobile will
provide these services to its subscribers through Redknee's flexible,
real-time charging platform; enabling subscribers to take advantage of
varying types of service packages and driving the overall adoption rate of
data services.
Shajil Viswanathan, VP Networks at Loop Mobile, commented:
"Our emphasis on providing our customers with the best offerings and
customer service has been paramount to our success so far. Our partnership
with Redknee presents us with an exciting opportunity to increase the
adoption and delivery of quality value-added services within our customer
base to help drive subscriber satisfaction and further subscription growth."
Redknee's Next Generation Rating and Charging solution helps operators to
minimize the impact of decreasing voice revenue by allowing them to
capitalize on the explosive growth in new data services, and provides network
operators the competitive advantage to rate and charge any data event in
real-time. Additionally, NGRC's policy controls determine and enforce the
appropriate quality of service (QoS), assuring subscribers receive
high-quality service across any device.
"India is one of the largest and fastest growing wireless markets in the
world, and service differentiation is only becoming more critical. Redknee's
Next Generation Rating and Charging solutions have been supporting some of
the largest global Tier-1 operators, as well as multiple group operators,
across the high-growth markets - proving that this industry recognized and
patented solution creates a sustainable business advantage. We are pleased to
have the opportunity to support Loop Mobile in their markets," Lucas
Skoczkowski, Redknee's CEO, commented.
"At Redknee, we are continuing to take market share in the real-time
rating and charging space, and this win helps us to advance our position
across the high-growth markets- in line with our growth strategy."
Redknee's Next Generation Rating & Charging solution is a proven
real-time rating, charging, and policy-management solution for data services.
It offers communications service providers the flexibility and scalability to
launch new services, while creating new revenue streams based on diverse
pricing options for both prepaid and postpaid subscribers.
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@miliberty.com; Redknee Solutions: David
Charron, Chief Financial Officer, +1-(905)-625-2943,
david.charron@redknee.com; Mark Yaphe, Vice President, Product Management &
Marketing, +1-(905)-625-2298, mark.yaphe@redknee.com; Investor Relations:
Isabel Fernandes-Cunha, +1-(905)-625-2421, isabel.fernandes@redknee.com or
investor_relations@redknee.com
For further information: Media Relations Contact: Rachael Parker, Mi liberty, +44-(0)20-7751-4444, rparker at miliberty.com; Redknee Solutions: David Charron, Chief Financial Officer, +1-(905)-625-2943, david.charron at redknee.com; Mark Yaphe, Vice President, Product Management & Marketing, +1-(905)-625-2298, mark.yaphe at redknee.com; Investor Relations: Isabel Fernandes-Cunha, +1-(905)-625-2421, isabel.fernandes at redknee.com or investor_relations at redknee.com
Tags: India, Redknee Solutions Inc, Toronto