NGRC recognized as best service enablement tool at billing and OSS world awards
TORONTO, June 11 /PRNewswire-FirstCall/ - Redknee (TSX: RKN), a leading provider of business-critical software and solutions for communications service providers, is pleased to announce that it has been awarded the 2010 Billing & OSS World Excellence Award for its ability to improve its customers' business performance and profitability. Recognizing the success of Redknee's data rating, charging and policy solution, NGRC, the Best Service Enablement Implementation Award was presented to Redknee at a ceremony held at Billing & OSS World Conference and Expo in Washington on Wednesday night.
Tim McElligot, Billing & OSS World's Editor in Chief commented:
"This year's awards had a special emphasis on recognizing benefits over technology type from across the BSS/OSS spectrum. Redknee's NGRC platform continues to enable operators to successfully monetize data services, grow subscriber usage and develop innovative services. We are pleased to recognize Redknee as a winner at the 2010 Billing & OSS World Excellence Awards."
Awarded for its support of a western European operator's successful launch of a new handset, Redknee's NGRC is an end-to-end real-time data rating, charging and policy engine that enables operators to launch new services and manage bandwidth, while creating new revenue streams based on diverse pricing options for both prepaid and postpaid subscribers. In this deployment, Redknee supported the acquisition of 500,000 new customers within the first few months of launching the handset and boosted data APRU by 9.2 per cent.
Based on multiple Redknee patented and patent-pending technologies, the integrated solution enables operators to cap usage once it exceeds a predetermined threshold, provide subscriber usage alerts and provides a higher quality experience by empowering the customer to react to a threshold breach, service upgrade or partner promotion. NGRC further enriches the customer experience by being able to set spending, parental, privacy and context preferences that give the customer the ultimate control in deciding which services they want, when they want them and how they pay for them. Leveraged by operators including KPN's Telfort and Telefonica O2 Ireland to meet EU data roaming regulations, NGRC is protecting their customers from bill shock while they are abroad and driving data revenues when they are at home.
Lucas Skoczkowski, Redknee's Chief Executive added:
"We are delighted to be recognized alongside some of the best in the industry. Redknee's products combine the power of real-time rating and charging, subscriber control and policy enforcement to help service providers across the world drive profitability and market growth through service differentiation. At Redknee, we continue to invest in real-time monetization solutions to support the growth of mobile data and content for wireless subscribers around the world."
The Billing & OSS World Excellence Awards 2010 were judged by an independent panel that included Ari Banerjee, senior consultant for Heavy Reading; Susan McNeice, global director for communications infrastructure and OSS/BSS software at Stratecast, a division of Frost & Sullivan; Elisabeth Rainge, program director of network and telecom software research for IDC; and members of the Billing & OSS World editorial team.
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.