Redknee Signs $13 Million Dollar Deal with Large Enterprise in APAC

Redknee Solutions Inc., a provider of real-time monetization and subscriber management software, has signed multi-million dollar deal with a large national corporation in Asia Pacific to support its growth in the retail monetization sector.

This order is a seven year, recurring term license deal. Redknee’s software platform is enabling the service provider, which offers transportation, real estate, retail, leisure, and business support services, to diversify into new industries and differentiate from its competitors. This is a significant non-telecommunications deal that demonstrates Redknee’s capabilities and expertise in supporting new and emerging market strategies.

The Redknee Unified suite of products will support the service provider to bring to market an advanced real-time loyalty points and rewards program, offering innovative pricing, tariff options and advanced subscriber care, to increase customer satisfaction and generate new revenue streams.

This deal provides a clear and meaningful example of how Redknee’s Unified platform can be used to improve the customer experience and power a varied ecosystem of enterprise businesses that span multiple verticals. With Redknee’s converged charging, billing, policy management and customer care solution, the service provider can utilize the loyalty management system to support other lines of business, including energy supply, transportation, retail and cable TV, all from a single platform.

Lucas Skoczkowski, Redknee’s CEO commented,  “Redknee is excited to support the growth strategy of one of APAC’s leading corporations. This is a strategic deal for Redknee that reinforces our ability to support the connected digital economy and to capitalize on new opportunities for growth. Over the next 3 to 5 years, we see long term opportunities across industry verticals and enterprise markets, where connectivity-enabled Internet of Things (IoT) businesses want to gain flexibility from real-time analytics and monetization models.”