TORONTO – May 1, 2013 Redknee (TSX:RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that it has renewed a multi-million dollar services and care agreement with a leading communications service provider (CSP) in APAC. The renewal of the services and care agreement will support the growth of 3G data usage by the service provider’s subscribers and the launch of its 4G services. This continued investment highlights the success that Redknee’s customers are achieving by leveraging its highly scalable and flexible monetization and subscriber management solutions for communication service providers.

Redknee’s real-time converged billing solution provides advanced data charging capabilities to prepaid and postpaid systems by providing a single solution to monetize innovative data services, segment markets, and deliver targeted promotions, bundles and incentives to subscribers. Supporting the operator’s more than 10 million subscribers, Redknee’s highly scalable solution allows the service provider to manage the complexities of data networks, launch new services quickly, monetize 3rd party content and achieve a fast-time to market. Redknee’s comprehensive portfolio of billing, charging and customer care solutions is supporting the growth and profitability strategies of more than 200 communications service providers in over 90 countries.

Lucas Skoczkowski, CEO at Redknee commented:

“Redknee is pleased to support the growth and profitability strategies of our new customers following the recent acquisition. The mobile data explosion in the high growth markets are providing opportunities for competitive service providers to deliver innovative personalized offers and services, to increase subscriber loyalty and to generate new revenue streams. As we continue to integrate the most recent acquisition, we are encouraged by the positive feedback we have received by our customers as we focus on creating a compelling new provider of choice in the real-time monetization and subscriber management software space.”

Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and service providers across the world. Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers’ usage, preferences, and integration with 3rd party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee provides one of the industry’s most comprehensive real-time converged billing, charging, customer care and payments solution.  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 monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.