Vipnet Croatia to Launch Redknee's Converged Charging Solution to Advance Growth

TORONTO, Feb. 6, 2014 /PRNewswire/ - Redknee Solutions Inc. (TSX: RKN), a leading provider of business-critical billing and charging software for communications service providers, is pleased to announce that Vipnet Croatia, a leading EMEA operator and provider of multi-play services, will upgrade to Redknee's latest version of its real-time charging solution. Redknee's highly scalable and flexible solution provides Vipnet Croatia with innovative real-time charging and billing capabilities to cost-effectively launch new services faster to the market, and the agility to cross-sell and upsell across its multi-play services to increase customer satisfaction and boost its market position. This important deal with an acquired customer demonstrates the confidence communications service providers (CSPs) have in Redknee's ability to support their business goals and growth strategies.

Redknee's real-time end-to-end solution allows effective management of any type of payment, including transactions made from prepaid, postpaid and hybrid accounts. Equipped with advanced charging transparency and innovative customer care and self-care options, Vipnet Croatia is able to utilize valuable functionality to offer advanced services, including tiered pricing plans, personalized promotions and real-time notifications to increase profitability and revenues across its data, voice and messaging services. With Redknee's converged solution, Vipnet Croatia will be further empowered to monetize and deploy advanced data services and transform the experience of its customers.

Danijela Bistricki Morovic, Core and Service Network and IT Development Director, Vipnet Croatia, commented:
"Vipnet Croatia selected to migrate to Redknee's comprehensive charging solution to increase operational efficiency and to have the ability to launch enhanced services to our customers quickly. Operating in a highly competitive market requires a solution that enables us to build competitive advantage and profitability. With Redknee's innovative roadmap we have the confidence that we will continue to have the flexibility and scalability to cater to our customers' needs and to support our market growth."

Lucas Skoczkowski, CEO at Redknee commented: 
"This important deal with Vipnet Croatia, an acquired customer and an affiliate of Telekom Austria Group, attests to Redknee's focus and commitment to provide our market-leading real-time converged billing and charging solution and to support our customers' growth and profitability strategies. Redknee will continue to invest in our real-time converged billing and charging solution in order to drive innovation in the industry and increase our position as the real-time monetization software provider of choice for service providers across the world."

From activation to provisioning, to providing a 360 degree view of the customers' usage, preferences, and integration with third-party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. In addition, Redknee's highly scalable and flexible solution enables CSPs to monetize third party relationships and content, support resellers and dealers and launch multi-country operations quickly, effectively and with a low total cost of ownership. Available on-premise, cloud-based and as a Software-as-a-Service offering, Redknee provides a complete portfolio of monetization and subscriber management solutions for service providers across the world.

Forward-Looking Statements
Certain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.

Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee's products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at www.sedar.com and on Redknee's web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.

Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

About Redknee
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable service providers to monetize new services, business models and content and to deliver a comprehensive customer experience - through either SaaS or on-premise based solutions. Redknee's revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 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 about Redknee and its solutions, please go to www.redknee.com.

SOURCE Redknee Solutions Inc.