Redknee Enters Japanese Market With Multi-Million Dollar Converged Billing Contract

Redknee Solutions, Inc. /quotes/zigman/38292 CA:RKN +3.88% , a leading provider ofbusiness-critical billing and charging software and solutions, hassigned a multi-year, multi-million dollar term license contract withITS Communications, Inc., a leading Japanese triple-playservice provider that will replace its legacy billing solution.iTSCOM offers cable TV, broadband and digital telephony services. Themulti-play provider is based in Tokyo and is a subsidiary of TokyuCorporation. The new licensing deal marks Redknee's entry into theJapanese market, the largest communications market in Asia Pacificand the second largest in the world.

"This win with iTSCOM reiterates Redknee's ability to drivetransformation strategies for communication services providers on aglobal basis," said Redknee's CEO, Lucas Skoczkowski. "Redknee'scontinued adoption in new geographies encourages us to continue toinvest in the development of cloud-based and in-network real-timemonetization solutions that support the growth of wireless,multi-play and alternate service providers around the world."

Karl Whitelock, Director OSS/BSS Strategy at Stratecast Frost &Sullivan, commented: "As one of the most active telecommunicationsmarkets in the world, Japan is witnessing the continued growth ofnext generation services, just as VoIP (Voice over Internet Protocol), strong competition amongmobile operators in the 3G space and the increasing momentum of LTEservice roll outs. This hotbed of research is placing increasedpressure on service providers to deliver an advanced customerexperience and to demonstrate an effective monetization strategy. Itis an ideal environment for convergent BSS solutions to provide solidbusiness value."

Redknee's converged billing solution will provide iTSCOM with theagility to launch new services faster to the market and increaseprofitability and earnings across its triple play service offerings.Should the contingency arise, Redknee's multi-tenant solution will support the serviceprovider's strategy to offer billing and customer care services toother communication service providers in the market. Redknee'sconverged billing solution delivers to multi-play providers a singlesolution that supports data, voice, content and media services forprepaid, postpaid and hybrid clients. These are key advantages forservice providers seeking to expand their service offerings, launchinnovative cross-service bundles and promotions, integrate thirdparty applications and content, and support new business models inorder to increase new revenue streams.

Redknee's market-leading cloud-based converged billing and customercare solution enables communication service providers to achieve thebenefits of an end-to-end fully converged billing and customer careplatform, including real-time unified billing, rating and chargingfor the operator's data, voice and messaging services, advancedcustomer care capabilities, and innovative self-care solutions.Redknee enables the service provider to deliver advanced chargingtransparency and flexible self-care options to its clients as wellas real-time promotions, enhanced customer care and loyaltycampaigns. From activation and provisioning, to real-time billing,rating, invoicing, partner management, and full customer carecapabilities, Redknee's converged billing solution expertly addressesthe needs of communications service providers throughout the world'smost competitive markets.