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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redknee Sol. | LSE:RKN | London | Ordinary Share | CA7575241038 | COM SHS NPV (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:6875N Redknee Solutions Inc. 11 February 2008 Immediate Release 11 February 2008 Redknee Solutions Inc. Inmarsat Selects Redknee Redknee to Provide Turnkey Converged Billing to Global Leader in Mobile Satellite Communications TORONTO - Feb. 11, 2008 - Redknee Solutions Inc. ("Redknee") (AIM: RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, announced that it has been selected by Inmarsat plc ("Inmarsat"), the world leader for mobile satellite communications, to provide a real-time Turnkey Converged Billing solution. In the first phase of the agreement, Redknee provides Inmarsat with a new billing functionality, which went live in November 2007, and is being offered to the subscribers of Inmarsat's Satellite Phone Services (SPS). For the second phase, Redknee is working with Inmarsat on a similar solution for the company's Broadband Global Area Network (BGAN) service, the world's first mobile communications service to provide both voice and broadband data simultaneously through a single, truly portable device on a global basis. This multi-million dollar agreement, won after a competitive tender process, represents Redknee's first entry into the global mobile satellite communications market. Redknee's billing solution provides a real-time, centralized platform to Inmarsat, leveraging their next generation of satellite-based pre-paid voice, messaging, and data services while supporting Inmarsat's growth strategy of utilizing both distributor and reseller relationships. Lucas Skoczkowski, CEO at Redknee, commented: "We are delighted to have secured this prestigious contract to provide Inmarsat with our leading Turnkey Converged Billing solution. Inmarsat is leveraging state of the art communications infrastructure to achieve its aggressive growth plans while continuing to exceed customers' expectations. Redknee's Turnkey Converged Billing solution continues to take market share in the wireless segment, while being introduced to fixed, broadband, and IPTV operators - further expanding our addressable market opportunity." Michael Butler, President & COO of Inmarsat, added: "Redknee's solution allows us to strengthen and enhance our existing operations while increasing the value of our service offering to our customers. We chose the Redknee platform for its ability to seamlessly integrate with our existing CRM system and its ability to support planned new services in various configurations without interruption." Inmarsat delivers broadband communications solutions to enterprise, exploration, maritime and aeronautical users around the globe. It operates a cluster of geostationary satellites that extend mobile phone, fax and data communications to almost every part of the world. Launched in 2007, Inmarsat's new suite of satellite phone services includes the company's first handheld, the IsatPhone. The service is initially available in the Middle East, Africa, and Asia, and is accessed by a robust, sub-$500 handset. Inmarsat's SPS are undergoing a program of development and modernization, ahead of a global roll-out by the beginning of 2009. For additional information please contact: North American Media Relations Contacts: Financial Public Relations: Heidi Rosenberg Jeremy Garcia NPI PR Buchanan Communications +1 831-440-2405 +44 (0) 20 7 466 5000 heidi@npipr.com jeremyg@buchanan.uk.com Dalia Asterbadi Redknee Solutions: Redknee Solutions Colley Clarke, Chief Financial Officer +1 905 625 2636 +1 905 625 2604 dalia.asterbadi@redknee.com colley.clarke@redknee.com Nomad: Canaccord Adams Limited Ryan Gaffney/Andrew Chubb +44(0) 207 050 6500 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 lifetime 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 50 network operators in over 40 countries. Established in 1999, Redknee Solutions Inc. (AIM: 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, please visit www.redknee.com. ### This information is provided by RNS The company news service from the London Stock Exchange END CNTGUUUUPUPRPPU
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