Redknee Signs $6 Million Dollar Order in APAC for Innovative Energy Retail Solution

Redknee Solutions Inc., a provider of real-time monetization and subscriber management software, has signed a deal for $6 million dollars with a leading national corporation and service provider in Asia Pacific to support its growth in the energy retail sector.

This is a significant deal that will equip the service provider with Redknee’s Connected Suite to monetize its energy retail business and other digital services to consumers and business customers.

Powered by Redknee Unified, the Redknee Connected Suite provides customer care, real-time analytics, billing and real-time rating for various smart services. Service providers are enabled to deliver bundled offers and promotions across various industry verticals, including utilities, smart homes and transportation, and also provide partner billing and settlement to manage the complex Internet of things (IoT) partner ecosystem.

The Redknee Connected Suite will rate and bill data from smart meters and Home Energy Management Systems (HEMS) in real-time. Using the Connected Suite the service provider will be able to notify customers about their energy consumption by providing real-time insights on electricity usage and billing data.

The service provider will have the ability to actively influence demand and response for electricity by providing instant benefits such as flash coupons or points that customers can spend in its partner stores and institutions. Customers can access their consumption data and benefits via a dedicated smartphone app and web self-care portal.

Analytics will support the service provider to make informed decisions and quickly respond to increased demand for energy. A key component of the Connect Suite is the real-time campaign manager, which combined with results from analytics enable service providers to launch innovative marketing campaigns faster to the market.

Lucas Skoczkowski, Redknee’s CEO commented: “Redknee is excited to support the growth strategy of one of APAC’s leading corporations. This strategic deal emphasizes Redknee’s ability to support the connected digital economy, and to address new opportunities for growth with our market proven converged charging, billing and customer care solutions. Over the coming years we see 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. Redknee supports over 200 service providers from around the world. We will continue to invest in our real-time software to advance our position as the provider of choice for monetization and subscriber management solutions.”

The Redknee Connected Suite provides the ability for service providers to deliver bundled offers and promotions across various industry verticals, including energy, utilities, smart homes and transportation, and provides partner billing and settlement to manage the complex Internet of things (IoT) partner ecosystem. Service providers can leverage Redknee’s highly flexible and scalable solution to support other lines of business, including energy, utilities, transportation, retail and cable TV, from a centralized platform.

Redknee enables communications service providers (CSPs) to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation and provisioning, to supporting a 360 degree view of the customer’s 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 offers one of the most comprehensive real-time converged charging, policy management, billing and customer care solutions in the industry.

Redknee’s highly scalable and flexible solutions enable 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 delivers a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.