Redknee Launches Data Services with India's Loop Mobile

Jan 26, 2010, 08:00 ET from Redknee Solutions Inc.

Loop Mobile delivers Next Gen Services to its subscribers and prepares for future growth with Redknee's real time rating & charging solution

TORONTO, Jan. 26 /PRNewswire-FirstCall/ - 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.

SOURCE Redknee Solutions Inc.