Racana Wins the Global Innovation Award at Nokia Siemens Networks' Israel Innovation Competition

RAMAT GAN, Israel, July 8, 2013 /PRNewswire/ --

Company's personalized content recommendation and monetization solution is recognized for its ability to open new revenue streams for mobile operators

Racana, the developer of a cloud-based solution for personalized mobile content recommendation and monetization, today announced that the company has received the Global Innovation Award at Nokia Siemens Networks' Israel Innovation Competition for its ability to create new revenue streams for mobile operators.

Nokia Siemens Networks launched its Israel Innovation Competition with the aim of identifying technology innovations to complement its Liquid Applications solution. Liquid Applications redefines the mobile broadband experience at the edge of the mobile network: applications, services and content are brought inside a base station close to the mobile subscriber. The subscriber is thus exposed to real-time network data, which provides a fresh and exciting experience that is personal, relevant and local.

"With our personalized solution for mobile content monetization, mobile operators can now offer the right content to the right user at the right time and directly generate new revenues streams from the growing demand for mobile content and applications," explained Amit Sternberg, CEO and Founder of Racana. "Needless to say, we are very proud to receive this award and we intend to leverage this important recognition to bring our value proposition to mobile operators around the world."

The competition was judged by experts from Nokia Siemens Networks, representatives from Intel Capital, Cellcom Israel, the Israel Export and International Cooperation Institute and Amos Talmor. Mr. Talmor is an experienced angel investor who is involved with many emerging technology companies in Israel, including Saguna Networks and Kenshoo.

Racana has developed a cloud-based solution for the personalization of content recommendations for mobile users. With Racana's solution, mobile operators can offer personalized content, services and products, such as articles, video clips or offerings for products or services that are relevant to the mobile user at that specific time and location. By monetizing mobile content, Racana increases the relevancy of mobile operators in the value chain for mobile content and applications and is capable of leveraging any network assets component that accumulates and harvests user data in Liquid Applications.

"We are delighted with the quality of solutions we received through the Israel Innovation Competition. I congratulate Racana for winning the Global Innovation Award," said Hossein Moiin, Executive Vice President for Technology and Innovation at Nokia Siemens Networks. "Racana's innovative solution related to personalizing user experience ties in very well with our technology vision of enabling networks to profitably deliver 1GB of personalized data per user per day by 2020".

About Racana

Racana has developed an innovative personalized content recommendation solution for mobile operators to directly monetize mobile content. Racana's cloud-based solution creates new revenue opportunities for mobile operators with a risk-free and easy integration and increases their relevancy in the value chain for mobile content and applications. Racana was founded in 2007 and is a privately held company.

For more information, please visit http://www.racana.com.

About Nokia Siemens Networks

Nokia Siemens Networks is the world's specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world's most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.

With headquarters in Espoo, Finland, we operate in over 120 countries and had net sales of approximately 13.4 billion euros in 2012. http://www.nokiasiemensnetworks.com

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Tony Miller
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[email protected]

For Nokia Siemens Networks
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SOURCE Racana Ltd